N.Z. dollar weakens
PA Wellington The New Zealand dollar closed weaker at $U50.5300/15 from its opening at $U50.5310/25 on the foreign exchange market yesterday after
steady two-way trading. The kiwi traded up to $U50.5380, dealers said, but fell back later in the day — the result of a long-ended market squaring for the week-end.
On the cross rates, the kiwi’s week-long rise against the Australian dollar ended with it purchasing Aust76.3c (77.2 yesterday morning). It also withdrew against other major currencies, ending at 1.27 marks (1.29 yesterday morning), 37.9 p (38.5 p and 101.2 yen (102.6). Sterling finished steady at $U50.3950/60 after a mid-day rally. The U.S. dollar closed at 2.4010/25 marks The value of the New Zealand dollar yesterday morning, compared with its value immediately before it was floated in March, was:
Mar 1 Feb 7 U.S. 44c 52.9c Sterling 41.15p37.85p Canada 61.2c 74.6c France 4.49fr 3.86fr H Kong $3.43 $4.12 Jap 114yn lOlyn Nethlnds 1.66g 1.43g S’pore 99c $1.22 Switz. 1.26fr 1.07fr Germ. 1.47d 1.27d Aust. 62.4c 76.0c The selling rates are those quoted by the Bank of New Zealand.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19860208.2.135.3
Bibliographic details
Ngā taipitopito pukapuka
Press, 8 February 1986, Page 21
Word count
Tapeke kupu
181N.Z. dollar weakens Press, 8 February 1986, Page 21
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in