FOREIGN EXCHANGES.

Manawatu Standard, Volume LIX, Issue 69, 18 February 1939, Page 5

FOREIGN EXCHANGES.

POSITION OF STERLING

LONDON, Feb. 16.

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, on London —

Tho Associated Banks (other than the Bank of New South Wales! quoted the fob

lowing dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice.

Tho following' mean closing rates on foreign exchanges were current to-day compared with par: — Feb. 16. Bar. New York, dol. to £ .. 4.68i 4.866 4.703 4.866 Paris, francs to £ 176 61-64 124.21 Brussels, bcl. to £ 27.77 48.611 Geneva, francs to £ ... 20.65 25.225 Amsterdam, florins to £ 8.75? 12.107 11.67* 23.43 Copenhagen, knr. to £ 22.40 18.159 19.40 25.45 19.90 18.159 226.75 195.25 137 154.25 Madrid, pcs. to £ 200 25.225 110J 100, . 89 1-16 92 247.50 575 660 813.60 209 2 /6.31 Rio do J., p. to mil. ... 3 1-16 4.99 B. Aires, p. to pesa 20.34* 47.62 51 M. Video, p. to peso .. .Calcutta, p. to rup 17 15-16 18 8.3 Hong Kong, p. to dol. Yokohama, p. to yen .. 14 15-16 14 24.582 Batavia, florins to £ .. 8.71 12.107

£N.Z. to 124/17/0 123/18/0 ‘ 125 124/19/to Australia — £ to £N.Z. 100 T.T. O.D. 100/10/0 100/10/0 100 100 Fiji— £Fto£N.Z. 100 T.T. O.D. 90 90 88/12/0 88/12/6 Now York — Dol. to £N.Z. T.T. O.D. 3.7773 3.7823 3.7340 3.7350 Montreal — Dol. to £N.Z. T.T. O.D. 3.7943 3.8030 3.7544 3.7554 France — Frs to £N.Z. T.T. O.D. 143.16 144.41 140.66 140.68 Bonp Kontr — N.Z. d. to dol. T.T. O.D. 18 7-16 18 13-32 18 13-16 18 13-16 Japan— N Z. d. to dol. T.T. O.D. - 17 37-64 17 37-64 Shanghai— N.Z. d to dol. T.T. O.D. - 10 59-64 10 59-64

Selling—■ U.S.A. Canadian dollars. dollar*. (Per £N.Z.) (Por SlN Z.) T.T 3.72 7-16 3.74 3-16 O.D. 3.7S| 3.74i Buying— O.D. ... 3.73i 3.80i