FOREIGN EXCHANGE.

Manawatu Standard, Volume LVII, Issue 69, 22 February 1937, Page 5

FOREIGN EXCHANGE.

NEW ZEALAND CURRENCY BASIS. The Bank of New South Wales, Wellington. quoted the following rates for their purchases and sales of foreign exchange on Saturday: New Zealand. Buying. Selling.

T.T. represents telegraphic transfers. O.D. represents on demand transactions. The above rates arc subject to alteration without notice,. The Associated Banks (other than the Bank of Now South Wales), quoted the following dollar rates on Saturday on a New Zealand currency basis. They arc subject to alteration without notice. U.S.A. Canadian

NEW ZEALAND POUND ABROAD. Based on figures quoted by the Bank of New South Wales, the. New Zealand pound compared with its original par value, is equivalent to approximately: 16s lil in London. £1 0s Id in Australia. 16s ljd in U.S.A. 16s l£d. ill- Canada. 13s 63d in France. 9s 6d in Germany. 16s licl in Italy. 11s B|d in Java. £1 8s ljd in Japan.

on London — £N.Z. to £stg.l00 ... T.T. 124 124/10/0 Australia — £1 to £N.Z. O.D. 123/10/0 124/8/9 100 T.T. — — Fiji— O.H. 101 100/10/0 £F to £N.Z. 100 T.T. — — Now York— Hollars to £1 O.H. 90/7/6 89 N.Z T.T. 3.951 '3.92/, Montreal— Hollars to £1 O.H. 3.97 3.92| N.Z T.T. 3.951 3.92/j F ranee — Francs to £ O.D. 3.97 3.921 N.Z . T.T. — • 84.23 Hong-Kong— O.D. 84.27 N.Z. pence to 1 dollar . T.T. 18 9-32 18 25-32 J apn n — N.Z. pence O.D. 18-J 18 49-64 to 1 yen .... . T.T. - 17 31-64 Shanghai— N.Z. pence O.D. - 17 15-32 to 1 dol. . . T.T. 1713-16 18 5-16 O.D. 17 25-32 18 19-64

Bol. (Per Dol. (Per Selling— £1 N.Z.) £1 Is.Z.) T.T 3.92i 3.92| 0.1J 3.92g 3.921 Buying— O.D 3.97 3.96a