FOREIGN EXCHANGE.

Manawatu Standard, Volume LVII, Issue 196, 20 July 1937, Page 4

FOREIGN EXCHANGE.

ON NEW ZEALAND CURRENCY BASIS. The Bank ot New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange

T.T. renrcsents 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 the following dollar rates yesterday on a New Zealand currency basis, They are subject to alteration without notice. U.S.A. Canadian

N.Z. POUND ABOARD. Based on figures quoted bv 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 4id in U.S.A. 16s 5d in Canada. i 16s llid in France. 16s in Italy. 9s 7|d in Germany, lls lOd in Java. £1 8s lfd in Japan.

yesterday. New Zealand. Buying. Selling. on London — £N.Z. to £stg.l00 .. T.T. 124 124/10/0 O.D. 123/10/0 124/8/9 AustraFa — £ A to £N.Z. T.T. — O.D. 101 100 100/00/0 Fiji£F to £N.Z. T.T. — 100 O.D. 90/7/6 89 Now York— Dollars to £ N.Z T.T. 4.0222 3.9553 O.D. 4.0322 3.9393 Montreal — Dollars to £ N.Z T.T. 4.0275 3.9926 O.D. 4.0400 3.9966 France— Francs to £ N.Z . T.T. — 105.24 O.D. — 105.23 IIoncr-Konp — N.Z. pence to 1 dollar T.T. 1715-16 188 O.D. 17 29-32 181 Japan— N.Z. pence to yeji . T.T. — O.D. — 17 15-38 17 lo-32 Shanghai— N.Z. pence •to dollar p . . T.T. 17 25-64 17 53-64 O.D. 17 23-64 17 53-64

• Dol. (Per Dol. (Per £1 N.Z.) £1 N.Z.) t.t 3.981 3.991 O.D 3.99 3.991 BuvinS— O.D 4.03 3-16 4.04 1-16