FOREIGN EXCHANGES

Evening Post, Volume CXXIII, Issue 132, 5 June 1937, Page 6

FOREIGN EXCHANGES

Closing direct rates as quoted by the Bank of New South Wales, Wellington, today lor buying and selling foreign currencies, based on New Zealand' currency, were as follows:—

The £1 is £1 in New Zealand currency. The rates are subject to alteration without notice.

Based on the figures quoted by the Bank of New South Wales the New Zealand pound, compared with its original par value, is equivalent to approximately 16s Id in London, £1 0s Id in Australia, 16s 3d in U.S.A., 16s 3d in Canada, 14s 3Jd in France, 16s 3d' in Italy, 9s 7Jd in Germany, 11s 9£d in Java, £1 Bs-ljd in Japan.

. Buying. Selling. New Zealand on £ s. d. £ s. d. London—£N.Z. to £ stg. 100 T.T. 121 0 0 124 10 0 O.D. 123 10 0 121 8 9 Australia—£ A to £X.Z. 100 ... T.T. and O.D. 101 0 0 100 10 0 Fiji—£F to £N.Z. 100 T.T. and O.D. 90 7 8 19 O 0 Sew York—Dollars to £ N.Z. 1 T.T. 3..1890 3.9522 O.D. 3.991)0 3.9362 Montreal—Dollars to £ X.Z. 1 T.T. 3.0882 3.9514 O.D. 4.0017 3.95S4 Austria—Schillings to £ X.Z. 1. ...... T.T. — 20.08 O.P. —' 20.70 Belgium—Belgas to £ X.Z. 1 T.T.. — 23.3S3 O.D. —' 23.394 Czechoslovakia — Cro\Vns to £N.Z. i: .... T.T. — 112.71 ■ O.D. — 112.76 Denmark—Kroner to £ N.Z. 1. T.T. 18.203 , 17.893 . O.D. 18.263 17.903 France—Francs to £X.Z. . 1 T.T. — ■ • ■ SS.n ■ O.D. — 88.73 Germany—Relchmarks to £N.Z. 1 T.T. — 9.807 . O.D. — 9.812 Holland—Florins to £ N.Z. 1. T.T. 7.303 7.153 O.D. 7.343 7.157 Italy—Lire, to £N.Z. .1. T.T. — 75.07 O.D.. — , 75.12 Java—Florins to £ N.Z.I. t T.T. 7.279 7.129 O.D. 7.319 7.133 Norway—Kroner to £ N.Z. 1 T.T. — . 15.893 O,U. — 13.903 Sweden — Kronor to £ X.Z. 1 T.T. 15.783 15.490 O.D. 15.845 15.500 Switzerland—Francs to £ N.Z. 1 T.T. 17.550 17.280 0.1); 1T.633- 17.285 Noumea—Francs to £ N.Z. 1. T.T ■ S7.34 O.D. — S7.40 Papeete—Francs to £ X.Z. 1 T.T. — S":29 O.D. — 87.35 Hong Kong—N.Z. Pence to 1 dollar T.r. 18 7-fi4 18 39-61 O.D. IS 5-64 18 19-32 India and Ceylon—N.Z. pence to 1 rupee T.T. 22% 22.21-32 O.D. 22 11-32 22 41-64 Japan-N.Z. pence to 1 _ O.D. — 17 29-64 Shanghai—N.Z. pence to 1 dollar T.T. 17% 1S>4 O.D. 17 23-32 18 15-64 Singapore—N.Z. pence to \ 1 dollar T.T. 34 23-32 35 13-64 O.D. 34% 35 3-1G Chefoo4-N.Z. pence to 1 , ' dollar T.T. 17% 18% O.D. 17 45-04 18 23-04 Manila—N.Z. pence In I peso T.T. 29 13-lli "0% Oil 2!) i'.i-HJ 30 2:1-84.