EXCHANGE TRANSFERS
BUYING AND SELLING RATE (United Press Association—By Electrio Telegraph—Copyright) SYDNEY, 4th January. The Bank of New South Wales announced that it will buy exchange telegraphic transfers on London at 115 Australian pounds for each £IOO at London, and it will sell telegraphic transfers on London at £lls 7s 6d Australian for each hundred required in London. Other insurances will be altered in accordance with these basic rates. The new rate which the bank quotes is an advance of £6 10s on the buying side and £6 7s 6d on the selling compared with the rates fixed by the Banks’ Conference, to take effect from October last. Other banks have not yet moved their rates.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM19310105.2.65
Bibliographic details
Nelson Evening Mail, Volume LXIV, 5 January 1931, Page 5
Word Count
116EXCHANGE TRANSFERS Nelson Evening Mail, Volume LXIV, 5 January 1931, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Nelson Evening Mail. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in