FOREIGN EXCHANGE.

Manawatu Standard, Volume LVII, Issue 204, 30 July 1937, Page 5

FOREIGN EXCHANGE.

ON NEW ZEALAND CURRENCY BASIS. The Bank of New South Waled, Wellington, quoted tho following rates for 4‘ hc ‘ r purchase and gales of foreign exchange yesterday: New Zealand. Buying. selling, on London —

T.T. ropresenk telegraphic transfers. O.D. represents on demand transaction. The above rates aro subject to altera tion 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. Canadian Dol. (Per Dot. (Per

N.Z. POUND ABOARD. Based on figures quoted by the Bank of New South Wales, the Nevv Zealand pound, compared with its original par value, is equivalent to approximately : 16s Id in Loudon. £1 0s Id in Australia. 16s 43d in U.S.A. 16s 43d in Canada. 17s Ojd in FraTice. 16s 43d in Italy. 9s 8d in Germany. 11s lOjcl in Java. £1 8s 13d in Japan.

£N.Z. to £stg.l00 . T.T. 124 124/10/6 O.D. 124/10/0 124/8/9 Australia — £A. to £N.2 100 T.T. - O.D. 101 100/10/0 Fiji— £Fto£N.Z 100 T.T. — O.D. 90/7/6 89 Now York — Dolinrs to £ N.Z T:T. 4.0238 3.9868 O.D. 4.0338 3.9903 Montreal — Dollars to £ N.Z T.T. 4.0240 3.9891 O.D. 4.0365 3.9931 France — Franca to £ N.Z. . T.T. — 105.90 O.D. — 105.94 Hong-Kong — N.Z. pence to 1 dollar . T.T. 17 61-64 18 25-64 O.D. 17 59-64 18 25-64 Japan — N.Z. pence to yen .. T.T. 17 15-32 O.D. — 17 15-32 Shanghai— N.Z. pence to dollar .. '1 ,T: 17 27-32 17 55-64 O.D. 17 25-64 17 55-64

£1 N.Z.) £ N.Z.) T.T 3.98? 3.98 15-16 O.D 3.99A 3.99| Buying— O.D ’ ! 4.031 4.0311-16