ON NEW ZEALAND CURRENCY BASIS.

Manawatu Standard, Volume LVII, Issue 183, 6 July 1937, Page 5

ON NEW ZEALAND CURRENCY BASIS.

The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange yesterday:— . New Zealand. Buying. belling, on London —

T.T. represents telegraphic transfers. O.D represents on demand transactions. The above rates are subject to alteration without notice. The Associated Banks (other than the Bank of New South Wales), quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Canadian Dol. Per Dol. (Per aplljno- £1 N.Z.) £1 N.Z.) . Tp? r 3.96 7-16 3.97 O.D. "TTTT.... 3.9613-16 3.97? r Uy O.DT 4.01 4.0111-16

The buovancy that has existed during the past few weeks still continues and in some branches increases, says a Waikato market report. Store cattle are firming fast. Whether or not holders will bo encouraged by this to put lines on the market remains to be seen, but it is unlikely, because there is a general belief that the present improvement is merely the beginning and that the spring will see higher levels established than in previous year*.

£N.Z. to 124/10/0 £stg.l00 . T.T. 124 O.D. 123/10/0 124/8/9 Australia — JGA to £N.Z. 100 T.T. — O.D. 101 100/10/0 Fiji— £F to £N.Z. 100 T.T. — — O.D. 90/7/6 89 Now York— Dollars to £ 3.9637 N Z .. T.T. 4.0006 O.D. 4.0106 3.9677 Montreal — 3.9697 N £ ,. T.T. 4.0045 O.D. 4.0170 3.9737 France — Francs to £ 101.54 N Z ... T.T. — O.D. - 101.58 Honjr-Kong— N.Z. pence .. T.T. 181-16 181 to 1 dollar O.D. 18 1-32 18i Japan — N.Z. pence to 1 yen .. . T.T. — O.D. - 17 15-32 17 15-32 Shanghai— N.Z. pence to 1 dollar . T.T. 17 43-64 18 7-64 O.D. 17 41-64 18 7-64