Exchange Rates
pp. 74-75 · Read in the full issue
[Copyright by “Pacific Islands Monthly”.] THE following exchange quotations, gathered in Sydney, show the rates existing in mid-March:—
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.
Flji-London on basis £lOO London: —
Direct Telegraphic Transfer
Selling Rates
Quoted by
Bank Op New South Wales
in Australia.
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 20/2/39 .. .. .. 136.65 Average for week ended 27/2/39 .. . . . . 138.67 Average for week ended 6/3/39 .. .. .. 138.60 Average for \feek ended 13/3/39 .. .. .. 138.38
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 Paris, less 3 A per cent, (approx.) either way.
As quoted by the Comptoir National d’Escompte de Paris, in Sydney, and the Banque de ITndo chine, Noumea. On March 13, when the Australian £ was nominally worth 140.75 francs, £lOO Australian would purchase a draft in Noumea of 13,975 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:—
Francs to £ Australia on Noumea Australian Average for week ended 20/2/39 . .
Average for week ended 27/2/39 . . . . .. 138.52 Average for week ended 6/3/39 ..
Average for week ended 13/3/39 . . . . .. 138.43
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 G 90 days 122 5 0 124 10 0 120 days 122 0 0 124 7 6