FOREIGN EXCHANGES.

Manawatu Standard, Volume LVII, Issue 158, 5 June 1937, Page 6

FOREIGN EXCHANGES.

POSITION OF STERLING.

LONDON, Juno 3. The following mean dosing rates on foieign exchanges were current to-day ccruparod with par:

LONDON, Juno 3. Gold.— £7 Os 9d an ounce, fine. Silver. —Spot, 203 d an ounce; forward, 20 7-16 d.

ON NEW ZEALAND CURRENCY BASIS.

The Bank of New South Wales, Wellington, quoted the following rales for their purchases and sales of foreign exchange yesterday ; New Zealand. Buying. Selling. on - , London — £N.Z, to

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 the Bank of New South Wales), quoted the followmg dollar rates yesterday, on a New Zealand currency basis. They are subject to alteration without notice.

Strawberry growers in the Auckland district will use over 2,750.000 plants this season. Approximately 3,000,000 plants were set out last year, a decline of practicallv a million over the number planted in 1935

June 3. Par. New York, dol. to £ ... 4.92 9-32 4.866 Montreal, dol. to £ ., .... 4.92| 4.866 Paris, francs to £ .. Brussels, bel. to £ .. .... 110.625 124.21 .... 29.255 48.611 Geneva, francs to £ .. .... 21.57 25.225 Amsterdam, florins to £ 8.95a 12.107 Berlin, marks to £ .. .... 12.285 20.43 Stockholm, knr, to £ ... 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 £ .... ... 141 7-16 134.25 Hel’fors, marks lo £ ... 226.125 t93.23 Madrid, pcs. to £ — 25.225 Lisbon, cse. to £ .. 110 3-16 100 Milan, lire to £ Athens dracli. to £ ... ... 92 9-16 92 ... *547i 375 Bucharest, lei to £ ... ... *672,50 813.60 Belgrade, din. to £ ... ... 215 276.31 Rio do J., p. to mil. . .. +4.J 5.899 B. Aires, p. to peso ... 47.62 M. Video, p. to peso . .. t393 51 Calcutta, p. to run. ... ... 18i 18 Shanghai, p. to dol. ... 14 25-32 — Hcnir-Kong, p. to dol. . 14 27-32 — Yokohama, p. to yen ... 14 — Batavia, florins to £ * Unofficial. ... 8.94 fOlfirinl. 12.107

£stg,100 ... T.T. 124 124/10/0 Australia— £1 to £N.Z. O.D. 123/10/0 124/8/9 100 T.T. — — Fiji— £ to £N.Z. O.D. 101 100/10/0 100 T.T. — Now York— Dollars to £ O.D. 90/7/6 89 N.Z . T.T. 3.9824 3.9456 Montreal — Dollar to £ . O.D. 3.3949 3.9506 N.Z . T.T. 3.9815 3.9466 Fiance— Francs to £ O.D. 3.9940 3.9516 N.Z . T.T. — 88.63 Hong-Kong— N.Z. pence O.D. — 88.67 to 1 dollar .. T.T. 18 7-64 18 39-64 Japan— N.Z. pence O.D. 18 5-64 18 19-32 to 1 yen .... .. T.T. - j 1715-32 Shanghai— N.Z. pence 1 O.D. - 17 29-64 to 1 dollar .. T.T. 173 181 O.D. 17 23-32 18 15-64

U.S.A. Canadian Dol (Ber Uol. (Per Scllimr— T. r r £1 \ r .Z.) £1 N.Z.) 3.941 3 94 11-16 o.u 3.951 3.95 3-16 Buvu iu — O.U '3.991 3.99 7-16