FOREIGN EXCHANGES.

Manawatu Standard, Volume LVIII, Issue 75, 25 February 1938, Page 4

FOREIGN EXCHANGES.

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

The Associated Banks (other than the Bank of New South Wales), quoted the following dollar rates yesterday on a Now Zealand currency basis. They are subject to alteration without notice: U.S.A. Canadian Dol (Per Dol. (Per Selling- £1 N.Z.) £1 N.Z.) T T 4.02 7-16 '4.02 5-16 O.D. 4.0213-16 4.0211-16 BUy i n !>7 4.061 #4.061 .

Splendid rains during the week have created a sprink-like aspect in the Waikato. Feed is in abundance every-: where making the buoyant tone of the stock market easy to maintain. The demand for sheep continues unabated although it is .doubtful. if Waikato values generally are quite up to those ruling in adjacent localities.

on London — £N.z; to stg.100 T.T. 124 124/10/0 O.D. 123/10/0 124/8/9 Australian — £A., to £N.Z. 100 T.T. 101 100/10/0 O.D. 101 100/10/0 Fiji— £F to £N.Z. 100 T.T. 90/7/6 89 O.D. 90/7/6 89 New York — Dollar to N.Z T.T. 4.0563 4.0216 O.D. 4.0663 4.0256 Montreal — Dollar to N.Z T.T. 4.0545 4.0221 O.D. 4.0665 4.0 61 France— , Francs to O.D. 122.58 N.Z T.T. — 122.54 Hong Kong— N.Z. pence to 1 dollar . T.T. 18 29-64 18 53-64 O.D. 18 27-64 18 53-64 Japan— N.Z. pence to yen T.T. — 1731-64 O.D. —' 17 31-64 Shanghai— N.Z. pence to dollr ... T.T. 18 9-64 O.D. — 18 9-64