FOREIGN EXCHANGES.

Manawatu Standard, Volume LVIII, Issue 79, 2 March 1938, Page 4

FOREIGN EXCHANGES.

POSITION OF STERLING. LONDON, Feb. 28. The following mean closing rates on foreign exchanges were current to-day compared with par: Feb. 28. Par.

ON NEW ZEALAND CURRENCY BASIS. The Bank of New South Wales, Wellington, quoted the following rates for their purchases and 6ales of foreign exchange yesterday: New Zealand. Buying. Selling oil London — £N.Z. to

O.D. —lB g The Associated Hanks (other than tho 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 Pol. (Pei Selling— '■ £1 N.Z.) £l'.\.Z.) T T 4.02 j 4.02 9-16 O.D 4.0215-16 4.03 Buying—--0. D.. 4,06 g .4.07

New York, dol. to £ ... .5.02 4.866 Montreal, dol .to £ 5.02 4.366 Paris, francs to £ 153 13-32 124.21 Brussels, bel. to £ ...... 29.56 46.611 Genova, francs to £ 21.595 25.225 Amsterdam, florins to. £ 3.96| 12.107 Berlin, marks to £ 12.40 23.43 Stockholm, knr. to £ ... 19.415 18.159 Copenhagen, knr. to £ . 22.40 18.159 Oslo. knr. to £ 19.90 18.159 Vienna, schgs. to £ ... 26.50 34.585 Hel’fors, maiks to £ ... 226 125 193.25 Prague, knr. to £ 142.875 134.25 Madrid, pea. to £ — 25.225 F,isbon, esc. to £ 110 3-16 100 Milan, lire to £ 95.375 92 Athens, drac. to £ 547.50 375 Bucharest, lei to £ 667.50 813.60 Belgrade, din. to £ 216 276.31 Rio de J., p. to mil. ... t2‘13-16 4.899 B. Aires, p. to peso — 47.62 M. Video, p. to peso ... 124 51 Calcutta, p. to rup ... 18A 18 Shanghai, p. to dol. ... 14 3-16 18 Hong Kong, p. to dol. . 15 — Yokohama, p. to yen ... 13 63-64 24.582 Batavia, florins to £ ... 8.945 12.107 tMarket Rate. fSellers Official.

stg.100 T.T. 124 124/10/0 Australia — £A. to £N.Z. O.D. '123/10/0 124/8/9 100 T.T. 101 100/10/0 Fiji— £F to £N.Z. O.D. 101 100/10/0 100 T.T. 00/7/6 89 New York— Dollar to O.D. 90/7/6 89 N.Z T.T. 4.0588 4.0241 Montreal — Dollar to O.D. 4.0688 4.0281 N.Z T.T. 4.0577 4.0253 France — Francs to O.D. 4.0697 4.0293 N.Z T.T. — 122.21 Hong Kong— N.Z. pence O.D. 122.25 to 1 dollar .. T.T. 18 29-64 18 53-64 Japan-p N.Z. pence O.D. 18 27-64 18 53-64 to yen T.T. — 17 31-64 Shanghai— N.Z. pence O.D. 17 31-64 to dollar ... T.T. — 18g ’