FOREIGN EXCHANGE.

Manawatu Standard, Volume LVI, Issue 119, 21 April 1936, Page 5

FOREIGN EXCHANGE.

ON NEW ZEALAND CURRENCY BASIS.

The Bank of New Soutli Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange yesterday :

T.T. represents telegraphic transfers. O.D. represents on demand' transactions. Tlio above rates are subject to alteration without notice. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They 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 3id in U.S.A. 16s 43d in Canada. 9s 7gcl in France. 9s 7d\ in Germany: 9s 6d in Java. £1 7s lOJjcl in Japan.

Now Zealand Buying. Selling. on London — £N.Z. to £stg.l00 ... T.T. 124 124/10/0 O.D. 123/10/0 124/8/9 Australia— £A. to £N.Z. 100 T.T. 101 100/10/0 O.D. 101 100/10/0 Fiji£F. to £N.Z. 100 T.T. 90/7/6 89 O.D. 90/7/6 89 New YorkDollars to £1 N.Z. , , . T.T. 3.993 3.951 O.D. 4.01 3.961 Montreal — Dollars to £1 N.Z T.T. 4.02£ 3.98| O.D. 4.03| 3.99^ France — Francs to £l N.Z. T.T. 60.73 ( 59.90 O.D. 61.18 59.94 Hong-Kong— N.Z. pence to 1 dollar . . T.T. 18 57-64 20 25.64 O.D. 18 51-64 20 23-64 Japan— N.Z. pence to 1 yen .. T.T , — 17 41-64 O.D . — ■ i7i Shanghai — ' N.Z. ponce to 1 dollar . . T.T. 17 17-64 18 41-64 O.D , 17 5-64 13&

U.S.A. Canada. Selling— T.T O.D (per (per £1N.Z.) £li\'.Z.) ilols. dols. .. 3.96 3.981 .. 3.96i 3.981 Buying— O.D N.Z. .. 4.00J 4.03i POUND ABROAD.