FOREIGN EXCHANGE

Dominion, Volume 28, Issue 99, 21 January 1935, Page 12

FOREIGN EXCHANGE

On New Zealand Currency Basis LATEST QUOTATIONS The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange on Saturday : —

Singapore— N. pence to 1 dol. T.T. 34 7-16 *>Pk O.D. 34 5-16 3a 5-16 T.T. represents telegraphic transfers. O. lepresenis on demaud transactions. The above rates are subject to alteration without notice. New Zealand Pound Abroad Based on the rates quoted on Saturday by the Bank of New South Wales, £1 New Zealand was worth approximately: 16/1 in London. £l/0/1 in Australia. 16/- in U.S.A. 15/10 in Canada. 9/6' in France. 0/9} in Italy. 9/4J in Germany. 9/4J in Java. £l/7/11 in Japan. Position of Sterling By Telegraph.—Press As-m —Copyright. London, January IS. The following rates on foreign exchanges were current to-day, compared with those ruling on January 17:— •

tSeliers, official. •Sellers. JPar, 8.23 31-32 since dollar devaluation on February 1. 1931. Gold and Silver. London, January 18. Gold—£7/2/1} per fine ounce. Silver—Cash, 24 9-10 d. per ounce; forward, 24 11-16 d. London, January 19. Gold—£7/2/- per fine ounce. Sterling exchange, London on New York, 4.83 1-16 dollars, on' Paris 74 1-8 francs, on Batavia 7.215 florins. Government Stocks By Telegraph.—Press Assn. —Copyright. London, January 17. The following table gives quotations for oonsols and colonial inscribed stocks on the Stock Exchange to-day, compared with those of January 10:— Price. Variation.

Dollar Conversion Rates The Associated Banks have agreed tlrii the conversion rates from January 21 will be:— U.S.A. Canada Conversion of dollar bills received for collection and sale of dollar drafts .. 4.R3 4.R2 Purchase of dollar bills .. 4.93 4.92 These conversion rates are. of course, quoted on a sterling basis (London funds' and current rate of exchange New Zealand on London will be charged or allowed as the case may .require, -

Buying. I Selling France— Francs to fl 5S.93 N.Z T.T. (50.23 O.D. 60.53 58.98 Noumea Franes to fl 58.18 2 T.T. 61.18 O.D. 61.58 58.23 Papeete— Franes to fl 58.18 N.Z T.T. 61.18 O.D. G1.5S 5S.23 Belgium— Belgas to fl N.Z T.T. 17.199 16.49!) O.D. 17.299 16.514 Germans — Reichmarks 9.586 to fl N.Z. T.T. —— O.D. — 9.591 Italy— Lire to £1 N.Z T.T. — 45.29 O.D. — 45.33 Switzerland — Francs to £1 N.Z T.T. 121361 11.961 O.D. 12.436 11.971 Holland — Florins to fl 5.698 ■ N.Z T.T. 5.948 O.D. 5.998 5.702 Java— Florins to fl 5.6S2 N.Z T.T. 5.907 O.D. 5.957 5.686 Japan— N.Z. pence T.T. to 1 yen — Shanghai— N.Z. pence to 1 dollar T.T. 20 19-32 21 29-32 O.D. 20 15-32 21 27-32 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 11-32 22 11-16 O.D Z 22 7-32 22J Hong-Kong— N.Z. pence 25 29-32 26 31-32 to 1 dollai • T.T. O.D. 25 25-32 26 29-32

Jau. IS. Jan. 17. Par. N. York. dol. to £ 4.S81-8 4.87 7-8: 74.866 Montreal, dol. to A . 4.875 . 4.87} 4.866 Paris, fr. to X* 74 5-32 74 9-32 124.21 Brussels, bel. to 4 ■ 20.935 20.99 35.00 Geneva, Ir. to £ 15.11 .15.145 25.225 Amst’dam, fl. to 7.231 7.24} 12.107 Milan, lire to 57 7-32 57.375 92.46 Berlin, inks, to £ 12.20 12.21 20.43 St’holm., knr. to 19.395 19.395 18.159 C’hagen, knr. to £ 22.305 22.395 18.156 Oslo. knr. to 19.90 19.90 18.159 Vienna, schgs, to £ • 20.625 26.625 34.585 Prague, knr. to 117.125 117.125 164.25 Hel’fors, inks, to 4-, 226.50 226.50 193.23 Madrid, pes. to A. 35 13-16 35 13-16 2>).22o Lisbon, esc. to £ 110.125 110.125 110 Athens, drach. to £ *514 t *514 375 Belgrade, din. to X* 216 216 270.31 Bucharest, lei to X* 487.50 487.50 813.60 Warsaw, zloty to — 25.93 43.38 Ilio de J., o. to mil. 74} 74} 5.899 B. Aires, p. to peso 730* 736* 47.62 M. Video, p. to peso |39 7-8 739 7-8 51 Calcutta, p. to rup. 181-8 IS 1-S 18 Shanghai, p. to dol. 171-8 171-8 — H.-Kong, p. to dol. 21 5-16 21 7-16 —. Y’hama, p. to yen 14 13 5-32 24.582 Batavia, fl. to £ .7.225 7.225 12.107

<1. £ s. <1. Consols. 2* p.c 93 0 0 1 0 0* Fund. Loan, 4, 19G0-90 120 17 Ci O 12 6* War Loan, 31. 1929-47 109 5 0 o io 0* Conversion Loan. 3 V . 112 5 0 0 7 (i* Victory Bonds, 4 .... 118 15 ()£ 0 10 0* Com’wealtli, 5, 1935-4.) 102 0 0 0 7 6* Com*wealth, 5, 1945-75 113 O 0 same Com’wealtli. 3». 1939-37 103 t; 0 3 9* Com’wealtli, 4. 1943-48 JOG 10 0 same Com’wealtli, 35. 1948-53 104 15 0 o .» !l* 'N.S.W., 3. '1935 102 2 0 O 0 ir* N.S.W., 31, 1930-50 ... .100 2 (■) 0 0* N.S.W., 41. 1935-45 .. 101 fi Q 0 2 Gt N.S.W., 5, 1935-55 .... 103 10 0 0 1 3'f Victoria, 3. 1929-49 ... 99 17 i; same Victoria, 4], 1940-60 .. 10G 15 0 0 1 Victoria, 5, 1945-75 ... 112 17 G 0 1 Queensland, 3, 1922-47 100 0 0 0 2 ii* Queensland, 5. 1940-60 109 12 Ci 0 2 Gt S. Aust., 3, 1916, op. . 92 17 i, 1 2 Gt S. Aust., 5. 1945-75 ... 112 10 0 0 7 G* IV. Aust., 3, 1915-35 ... 101 0 0 same W. Aust., 4. 1942-G2 .. 104 5 0 same Tasmania, 31. 1920-40 . 101 1G \ I 0 4 3t Tasmania, 4. 1940-50 ■ 101 7 () O 5 Ot N.Z., 44, 1948-5S 112 13 <1 O 10 (It N.Z. 3A 1940 101 6 0 1 . i < N.Z., 3,” 1945 101 12 i; O G 3f N.Z., 6. 1930-51 105 15 0 0 2 Gt tHighcr. ’Lower. JEx dividend.