FOREIGN EXCHANGE.

Manawatu Standard, Volume LVII, Issue 71, 23 February 1937, Page 4

FOREIGN EXCHANGE.

POSITION OF STERLING. LONDON, Feb. 20.

tSellars, official. ‘Sellers. JPar, 8.23 31-32 since dollar devaluation on February 1, 1934. NEW ZEALAND CURRENCY BASIS. The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange yesterday:— , New Zealand. Buying, Boding, on

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

The following mean closing rates on foreign exchanges were compared with par:— current to-day Feb. 20. Par. New York, dol. to £ ... 4.891 J4.866 Montreal, dol. to £ 4.8»| 4.866 Paris, francs to £ 105 y-64 , 124.21 Brussels, bel. to £ 29.02^ 48.611 Geneva, francs to £ 21.435 25.225 Amsterdam, florins to £ 8.945 12.107 Berlin, marks to £ 12.16 20.43 Stockholm, knr. to J6 ... 19.395 18.159 Copenhagen, knr. to £ . 22.40 18.159 Oslo, knr to £ 19.90 18.159 Vienna, schgs. to £ 26.50 34.585 Prague, knr. to £ 140 5-16 164.25 Hel'fors, marks to £ ... 226.50 193.23 Madrid, pea. to £ — 25.225 Lisbon, esc. to £ 1103-16 110 Milan, lire to £ 93 82 Athens, drach. to £ *5474 375 Bucharest, lei to £ ....... *670 813.60 Belgrade, din, to £ 213 276.31 Rio de j., p. to mil. ... 144 5.899 B. Aires p. to peso ... — 47.o2 M. Video, p. to peso ... +395 51 Calcutta, p. to rup 18 9-64 18 Shanghai, p. to dol 14i — Hong-Kong, p. to . dol. . 14 15-64 — Yokohama, p. to yen ... 14 24.582 Batavia, florins to £ ... 8.905 12.107

London — £N.Z. to 124/10/0 £stg,100 ... T.T. 124 O.D. 123/10/0 124/8/9 Australia — £1 to £N.Z. 100 T.T. ■ ' . O.D. 101 100/10/0 Fiji— £F to £N.Z. ' 100 ......... T.T. ■ — O.D. 00/7/6 89 New York — Dollars to £1 3.92* N.Z. . T.T. 3.95* O.D. 3.97* 3.923 Montreal — Dollars to £1 3.92* N.Z . T.T. 3.953 O.D. 3.97 3.92| France — Francs to £ 84.23 N.Z .. T.T. — O.D. — 84.27 Hong-Kong— N.Z. pence 18 25-32 to 1 dollar . .. T.T. 18 9-32 O.D. 18* 18 49-64 Japan— N.Z. pence to 1 yen .... .. T.T. 17 31-64 O.D. — 1715-32 Shanghai— N.Z. pence 1713-16 18 5-16 to 1 dol. .. .. T.T. O.D. 1725-32 18 19-64

Dol. (Per Dol. (Per Selling— • £1 N.Z.) £1 N.Z.) T T S.92i 3.92A O.D. 3.923 3.923 Buying— O.D 3.974 3.96 1