FOREIGN EXCHANGE RATES

Evening Post, Volume CXVIII, Issue 90, 13 October 1934, Page 12

FOREIGN EXCHANGE RATES

Closing sight rates, as quoted by the Bank of New South Wales, Wellington, for buying' and selling foreign currencies, based on New Zealand currency, were as follows:— ;::'. .October 12. . On On • • . . demand. demand. To £1 N.Z. currency. Buying. Seli'"Srran ce—Francs to £1 ... 60.45 58.90 Noumea —Francs to £1... 61.50 .>B.lj> rapeete-Francs to £1 .. 61.51) 58.15 Belgium—Belgas to £1 .. 1i.246 16.401 Germany—R'marlts to £1 — v.oib Italy—Lire to £1 — ™-°,!> o Switzerland—Francs to ,£1 12.323 ,11.808 Holland—Florins to £1 .. 5.963 5.667 Java—Florins to £1 5.012 0.641 Shaneliai—N.Z. pence to ; 1 dollar : 22»,i 23 5-8 India and . Ceylon-N.Z. pence to 1 rupee 22 5-32 2J, 9-lb HT Kdona n/- N: Z'.. Pe.^.!<: 2415-16 26 1-16 S'S°"":'!™!.'!.! S4 5-16 35 5-16^ The above' rates are for on demand transactions, excepting the Japanese yen, which ia T.T. The £1 is £1 in New Zealand currency. The above rates are subject to alteration without notice. : * Based on the above rates of exchange the value of £1 New Zealand currency in other countries is as follows:— ' Oct. 11". Oct. 12. £1 N.Z., £ s. d. £ a. a. London, 0 16 1 0 16 1 Australia 10 1 10 1 U.S.A. ,0 15 10% 0 15 10% Canada 0 15 B 0 15 6 France 0 9 5% 0 9 5% Italy ■ 0 9 9 0 9 8% Germany 0 9 3% 0 0 3% Java 0 9 3% 0 9 3'/ a Japan 17 9 17 9% BRITISH GOVERNMENT STOCKS. 'By Telegraph.—Press Assn.—Copyright.) (Received October 13, 10.30 a.m.) LONDON, October 12. A correction is made in the quotation for 4 per cent. Victory bonds. The price given fhould have been £112 12s 6d, not £112 7s Cd as cabled.