Exchange Rates
p. 74 · Read in the full issue
[Copyright by “Pacific Islands Monthly”.] T“HE following exchange quotations, gathered in Sydney, show the rates existing in July:—
Fui—Through Bank Of N.S.W.
And Bank Of New Zealand
Australia on Fiji on basis of £lOO Fiji: Buying £ Alll/2/6, selling £AII3.
Piji-London on basis £lOO London:—
New Guinea And Papua
Through Commonwealth Bank
Prom Australia, Pt. Moresby 10/- per cent.; on Rabaul 10/- per cent.—Other New Guinea districts £1 per cent.
Prom Rabaui on London, same as Australia on London:— Buying: T.T. £AI2S equals £stg. 100.
Selling: T.T. £AI2S/10/- equals £stg. 100.
Through Bank Of N.S.W.
Australia on Papua 10/- per cent, premium each way, equivalent to commission of 10/- per cent.; Australia on Rabaul 10/- per cent, pre mium.
Papua and New Guinea on London: Same as Australia on London and vice versa.
New Caledonia—Through
French Bank
Drafts, Sydney-Noumea and Noumea-Sydney, are on basis of current rate of excnange on .t'aris, less IXA1 X A per cent, (approx.) either way.
As quoted by the Comptoir National d’Escompie de i-ans, in Sydney, and the Banque de ITndi chine, Noumea; On July 18, when the Aus tralian £ was nominally worth 142 francs, £ 100 Australian would purchase a draft in Noumea of 14,080 francs.
Western Samoa—Through
Bank Of N.Z.
Exchange, Australia on Western Samoa, basis £lOO Samoa—buying £AIOO, selling £AIOO/10/-.
Exchange, Samoa on London, basis £ 100 in London:—
Buying.
Selling. £ s. d. £ s. d.
Telegraphic transfer .. 110 15 0 112 0 0 On demand 110 12 6 111 17 6
Direct Telegraphic Transfer
Selling Bates
Quoted by
Bank Op New South Wales
in Australia.
Francs to £ Australia on Papeete.
Australian Average for week ended 27/6/38 . . .. 139.39 Average for week ended 4/7/38 . .. 139.37 Average for week ended 11/7/38 . .. 139.83 Average for week ended 18/7/38 . .. 139.80 Francs to £ Australia on Noumea Australian Average for week ended 27/6/38 . . .. 139.24 Average for week ended 4/7/38 .. 139.22 Average for week ended 11/7/38 . . .. 139.68 Average for week ended 18/7/38 . . .. 139.65
Buying. Selling.
Telegraphic transfer £125 0 0 On Demand £123 0 0 124 17 6 30 days 122 15 0 124 15 0 60 days 122 10 0 124 12 6 90 days 122 5 0 124 10 0 120 days 122 0 0 124 7 6