FOREIGN EXCHANGE

Dominion, Volume 28, Issue 100, 22 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 yesterday :— Buying. Selling.

France— Francs to £1 X Z .... T.T. 60.23 .'8.93 O.D. 60.53 58.98 Noumea — Francs to £1 N.Z T.T. 61.18 58.18 O.D. 61.58 58.23 Papeete— Francs to £1 X.Z T.T. 61.18 .>S.IB O.D. 61.58 55.23 Belgium— Belgas to £1 NZ .... T.T. 17.203 16.4103 OD. 17.303 16.518 Germany— Reichmarks to £1 N.Z. T.T. - -/SO O.D. — J-0 93 Italy— Lire to £1 N.Z T.T. — 40.29 O.D, - 45.33 Switzerland — Francs to £1 _ KZ .... T.T. 12.357 11.90< O.D. 12.432 11.967 Holland — Florins to £1 „ NZ . T.T. 5.950 5.i00 O.D. 6.000 5.704 Java — Florins to £1 N Z . T.T. 5.907 ;>.082 O.D. 5.957 5.686 Japan— N.Z. pence to 1 yen T.T. — 10 Shanghai— N.Z. pence to 1 dollar T.T. 20 11-16 22 O.D. 20 9-16 21 lu-16 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 11-32 22 11-16 O.D. 22 7-32 225 Hong-Kong— N.Z. pence w _ „ to 1 dollar T.T. 16} 2< 3-16 O.D. 26 2<J Singapore— N.Z. ]ience to 1 dol. T.T. 34 7-16 oos O.D. 34 5-16 3u 5-16

T.T. represents telegraphic transfers. O.D. lepreseuis on demand transactions. . The above rates are subject to alteration without notice. New Zealand- Pound Abroad Based on the rates quoted yesterday by the Bank of New South Wales, £1 New Zealand was worth approximately: 16/1 in London. £l/0/1 in Australia. 15/11} in U.S.A. 15/10$' in Canada. 9/6 in France. 9/9} in Italy. 9/4$ in Germany. 9/4$ in Java, £l/7/11 in Japan. Position of Sterling By Telegraph.—Press As-m —Copyright. London. January 19. The following rates on foreign exchanges were current to-day. compared with those ruling on January IS: —

tSellers. official. ‘Sellers. sPar, 8.23 31-32 Fineo dollar devaluation on February 1. 1934. Gold and Silver. London, January 19. Gold—£7 per fine ounce. Silver—Cash, 24 9-16 d. per ounce: forward, 24,11-16(1. Dollar Conversion Rates The Associated Banks have agreed that the conversion rates from January 21 will be :— U.S.A Canada Conversion ot dollar bills received for collection and sale of dollar drafts .. 4.83 4.82 Purchase of dollar bills ~. 4.93 4.92 These conversion rates are, ot course, quoted on a sterling basis (London funds) and current rate of exchange New Zealand on London will be charged or allowed ns the ease mnv require. Customs Exchange Rates Hates of exchange ruling at the announced dates of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessels in New Zealand, finally declared rates being marked* : — Canadian Britisher. Canada. ■ dollar. t - f ? 4 , Benliolm. America, dollars L«)Il'D Aorangi. Canada. dollars .> n i . Waikawa. America./dollars .. I .Bo J-Bj Golden Cloud. America, doll ar*- 1900-JG Brisbane Mnru. Japan, yen . • 14d Monterey, I’.S.A.. dollars . . I-)1 o-lb Chicago Wheat Futures Rv Telegraph.— Press \~.~n -Copyright New York. January 19. Chicago wheat futures: May. 98 5-8 cents a bushel; July. 89 5-8: September, 77'}: New York. eash. 1091 cents. AUCTION DIARY TO-MORROW. Trenthain Sales. 10 a.m.—National thoroughbreds (Wright, Stephenson). Ilntt ltd., 10.30 a.m — Bowser station j (Johnston). Johnsonville far stock sale. 1 p.m. -s Lambton Quay. 1 p.m.-Otllee furniture I (Kiiigswayl. THURSDAY. Lainblon tty.. 2.30 p.m.—Properties (Tolhurst. anil Son). Trenthnm. 10 n.nt. — Property and furnishings (Johnston and Co.). Allen St.. 10.30 a.m.—Poultry (Townsend and Patil). '

Jan. 19. Jan. IS. Par. N. York, dol. to p 4.88 1-S 4.88 1-S 74.800 Montreal. (lol. to 4.875 4.875 4.SOO Paris, fr. to 74 5-32 74 5-32 124.21 Brussels, hel. to £ 20.94 20.935 35.00 Geneva, fr. to 15.105 15.11 t Amst’dam. fl. to £ 7.24 _ 7.23 7 12.107 Milan, lire to — ♦ > (.—U • > j (-O92.4*1 Berlin, inks, to St'holin., knr. to £ 12.18 19.395 12.20 19.395 20.43 18.159 C’hagen, knr. to Oslo. knr. to z 22.395 19.90 22.395 19.90 18.159 18.159 Vienna, sehgs. to £ 20.825 28.625 31.585 Prague, knr. to £ 117 117.125 164.25 Ilel’i’ors, niks. to A228.50 226.50 193.23 Madrid, pes. to -V, 35 25-31 35 13-16 Lisbon, esc. to 110.125 110.125 110 Athens, drach. to *511 *514 375 Belgrade, din. to 21(1 216 276.31 Bucharest, lei to £ 487.50 487.50 813.60 Warsaw, zloty to £ — — -13.38 Rio de J., p. to mil. 74 J 7361 5.S99 B. Aires, p. to peso 7361 47.62 M. Video, p. to peso 739 7-8 739 7-8 51 Calcutta, p. to rttp. 181-8 181-8 18 Shanghai, p. to dol. 17 1-S 17 1-S — H.-Kong, p. to dol. 217 21 5-16 Y’hama. p. to yen 14 14 24.582 Bataria. tl. to £ 7.215 7.225 12.107