FOREIGN EXCHANGE.

Manawatu Standard, Volume LV, Issue 257, 27 September 1935, Page 5

FOREIGN EXCHANGE.

0 J ON NEW ZEALAND CURRENCY BASIS. • The Bank of New South Wales, Welj lington, quoted the following rates for their purchases and sales of foreign ex--5 change yesterday: ’ New Zealand Buying. Selling. [ on

T.T. represents telegraphic transfers. O.D. represents on demand transactions. The abovo rates are subject to alteration without notice. The Associated Banks (other than tho Bank of New South Walos) quoted tho following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Canada

NEW ZEALAND POUND ABROAD. 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. •Cl Os Id in Australia. 16s 2jd in U.S.A. 16s 5d in Canada. 9~ 6Jd in France. 10s 4id in Italy... 9s 5d in Germany. 9s 6d in Java! "'V £l' 7s 8d in Japan. I

London— £N.Z. to £stg,100 ... T.T. 124 124/10/0 Australia— O.D. 123/10/0 124/8/9 . £A. to £N.Z. 100 T.T. 101 100/10/0 Fiji— O.D. 101 100/10/0 £F. to £N.Z. 100 T.T. 90/7/6 89 O.D. 90/7/6 89 New York — Dollars to £N.Z.l T.T. 3.93g 3.94i Montreal — Dollars to O.D. 3.99| 3.94| £N.Z.l T.T. 4.03i 3.99j France — Francs to £1 O.D. 4.04 a 4.00 N.Z T.T. 60.70 59.40 O.D. 61.00 59.45 Hong-Kong— N.Z. pence to 1 dollar . T.T. 29 25-32 30 27-32 O.D. 29 21-32 30 25-32 Japan— N.Z. pence 17 47-64 to 1 yen ... T.T. — O.D. — 17 23-32 Shanghai— N.Z. pence to 1 dollar' . T.T. 22 3-32 2313-32 O.D. 2131-32 23 11-32

Selline— (per £1 N.Z.) fids. (per £1 N.Z.) <lo!s. T.T 3.94a 3.99| O.D. ............ 3.941 3.991 Buyiuy — O.D 3.99^ 1 :4:044