Exchange Rates
p. 80 · Read in the full issue
[Copyright by “Pacific Islands Monthly”.] THE following exchange quotations, gathered in Sydney, show the rates existing in August:—
Fiji—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:—
Direct Telegraphic Transfer
Selling Rates
Quoted by
Bank Op New South Wales
in Australia.
New Guinea And Papua
Through Commonwealth Bank
From Australia, Pt. Moresby 10/- per cent.; on Rabaul 10/- per cent.—Other New Guinea districts £1 per cent.
From Rabaul 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 exchange on Pans, less iy 4 per cent, (approx.) either way.
As quoted by the Comptoir National d’Escompte de Pans, in Sydney, and the Banque de I’lndi chme, Noumea: On August 11, when the Aus trahan £ was nominally worth 142.35 francs, £lOO Australian would purchase a draft in Noumea of 14,115 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
Francs to £ Australia on Papeete.
Australian Average for week ended 25/7/38 .. .. 139.60 Average for week ended 1/8/38 . . .. 139.56 Average for week ended 8/8/38 . . .. 139.72 Francs to £ Australia on Noumea Australian Average for week ended 25/7/38 .. .. 139.45 Average for week ended 1/8/38 . . .. 139.41 Average for week ended 8/8/38 .. .. 139.57
Telegraphic On Demand Buying. transfer Selling. £125 0 0 124 17 6 30 days 0 124 15 0 60 days 0 124 12 6 90 days 0 124 10 0 120 days 0 124 7 6