FOREIGN EXCHANGE

Manawatu Standard, Volume LVII, Issue 101, 31 March 1937, Page 4

FOREIGN EXCHANGE

ON 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. Selling.

N. pence to 1 dol. ... T.T. 17 29-32 1C 13-32 O.D. 171 18 25-64 T.T. represents telegraphic transfers. O. 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 the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without- notice. U.S.A. Canadian Dol. (Per Dol. (Per Selling— £7 N.Z.) £1 N.Z.) T.T 3.91g' 3.91 a O.D 3.821 3.91| B TD C_ 3.961 3.951 N.Z. POUND ABROAD. Based on figures quoted by the Bank of New South Wales, the Now Zealand pound, compared with its original par value, is equivalent to approximately: 16s Id in London. £1 0s Id in Australia. 16s lid in U.S.A. 16s Id in Canada. 13s 83d in Franco. 16s lid in Italy. 9s 53d in Germany. lls Bid in Java. £1 8s ljd in Japan.

on London — £N.Z. to £stg,100 ... T.T. 124 124/19/0 Australia — £1 to £N.Z. O.D. 123/10/0 124/8/9 100 T.T. — Fiji— £F to £N.Z. O.D. 101 100/10/0 100 T.T. ■ — New York — Dollars to £1 O.D. 90/7/6 39 N.Z T.T. 3.9522 3.9160 Montreal — Dollars to £1 O.D. 3.9647 3.9210 N.Z T.T. 3.9466 3.9117 France — Francs to £ O.D. 3.9591 3.9167 N.Z .. T.T. — 85.21 Hong-Kong— N.Z. penco O.D. 85.25 to 1 dollar . .. T.T. 1819-64 18 51-64 Japan — N.Z. pence O.D. 18 17-64 13 25-32 to 1 yen .... .. T.T. — 17 31-64 Shanghai— O.D. 17 15-32