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FOREIGN EXCHANGES

Closing direct rates as quoted by the Bank of New South Wales, Wellington, today, for buying and selling foreign currencies based on New Zealand currency, were as follows: —

The £1 is £1 in New Zealand currency. The rates are subject to alteration without notice. Based on the figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to approximately 16s Id in London, £1 0s Id in Australia, 16s 4d in U.S.A., 16s s£d in Canada. £1 2s IOJd in France, 16s 4d in Italy, 9s 7£d in Germany, 11s 9£d in Java, £1 8s o|d in Japan.

Buying. Selling. £. s. d.. & a. d. London—£N.Z. to £ stg. _ 100 T.T. 124 0 0 124 10 0 O.D. 123 10 0 124 8 9 Australia—£A. to £N.Z. 100. ... T.T. & O.D. 101 0 0 100 10 0 Fiji—£F. to EN.Z. 100. '' T.T. & O.D. 90 7 6 89 0 0 New York —Dollars to £ JJZ, 1. T.T. 4.0079 3.9734 O.D. 4.0179 3.9774 Montreal —Dollars to £ ' NZ 1. T.T. 4.0459 4.0135 O.D. 4.0579 4.0175 Belgium—Belgas to £ N.Z. 1 T.T. 23.689 23.379 O.D. 23.764 23.390 Czechoslovakia —Korunas '.««-.' to £N.Z. 1. ... T.T. — 113.77 O.D. — 113.82 Denmark—Kroner to £ •-.„„» N.Z. 1. T.T. 18.203 1T.893 O.D. 18.263 17.899 Finland—Marks to £ NJZ. 1 T.T. 185.35 179.55 O.D. 185.75 179.65 j France —Francs to £ N.Z. I'. T.T. 144.41 141.91 O.D. 145.41 141.95 j Germany—Reichsmarks to £N.Z. 1. T.T. — 9.811 O.D. — 9.816 j Greece —Drachmae to £ N.Z. 1 T.T. — 429.54 O.D. — 429.84 . Holland—Florins to £ N.Z. 1 T.T. 7.295 7.145 O.D. 7.335 7.149 Italy—Lire to £N.Z. 1. T.T. — 75.47 O.D. — 75.52 Java—Florins to £N.Z. 1. T.T. 7.275 7.125 O.D. 7.315 7.129 Norway—Kroner to £ N.Z. 1 T.T. 16.182 15.892 O.D. 16.242 15.898 Noumea —Francs to £ N.Z. 1 T.T. 146.91 140.16 O.D. 147.41 140.20 Papeete—Francs to £ N.Z. 1 T.T. 146.31 • 140.31 O.D. 147.31 140.35 Sweden—Kronor to £ I.-.N.Z.. 1 .... T.T. 15.785 15.490 O.D. 15.845 15.496 Switzerland —Francs to £N.Z. 1 T.T. 17.546 17.276 O.D. 17.651 - 17.281 Chefoo—N.Z. pence to 1 dollar T.T. — 12% • O.D. — 12 15-64 Hong Kong—N.Z. pence 1 dollar T.T. 18 13-32 18 25-32 O.D. 18 3-8 18 25-32 IndJa . & Ceylon—N.Z. pence to 1 rupee . T.T. 21 63-64 22 17-64 ■ O.D. 21 61-64 22 17-64 Japan—N.Zr pence to *1 yen T.T. — 17 33-64 O.D. — 17 33-64 Manila—N.Z. pence to 1 peso T.T. 29 21-32 30 5-32 O.D. 29 9-16 30 5-32 Shanghai—N.Z. pence to 1 dollar T.T. — 115-8 O.D. — 11 5-8 Singapore—N.Z. pence to 1 dollar .... T.T. 34 3-8 34 55-64 O.D. 34 9-32 34 55-64

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/EP19380701.2.135.7

Bibliographic details

Evening Post, Volume CXXVI, Issue 1, 1 July 1938, Page 12

Word Count
424

FOREIGN EXCHANGES Evening Post, Volume CXXVI, Issue 1, 1 July 1938, Page 12

FOREIGN EXCHANGES Evening Post, Volume CXXVI, Issue 1, 1 July 1938, Page 12