Exchange Rates
p. 74 · Read in the full issue
TTHE following exchange quotations, gathered ■ 1° Sydney, show the rates existing in mid-August:—
Fiji—Through Bank Of N.S.W.
And Bank Of New Zealand
Australia on Fiji on basis of £lOO Fiji: Buying £AIII/2/6, selling £AII3.
Flji-London on basis £lOO London:—
New Caledonia—Through
French Bank
Drafts, Sydney-Noumea and Noumea-Sydney, are on basis of current rate of exchange on
Paris, less % 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 August 11. when the Australian £ was nominally worth 140.68 francs. £ 100 Australian would purchase a draft in Noumea of 13.879 francs.
Direct Telegraphic Transfer
Selling Bates
Quoted by
Bank Of 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 Papua and 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.
Western Samoa—Through
Bank Of N.Z,
Exchange, Australia on Western Samoa, basis £lOO Samoa — buying £A99/12/6, selling
£ Aloo/2/6,
Exchange, Samoa on London, basis £lOO in London:—
A team of hockey players from Fiji arrived in New Zealand on August 4 to play a series of matches against Dominion teams.
Buying.
Selling. £ s. d. £ s. d Telegraphic transfer .. .. no is o 112 0 u On demand . . 110 12 6 111 17 6
Francs to £ Australia on Papeete.
Australian Average for week ended 17/7/39 .. .. .. 138.44 Average for week ended 24/7/39 .. .. .. 138.44 Average for week ended 31/7/39 .. .. .. 138.44 Average for week ended 7/8/39 .. .. .. 138.44 Average for week ended 14/8/39 .. . 138.44 Francs to £ Australia on Noumea Australian Average for week ended 17/7/39 . . .. .. 138.29 Average for week ended 24/7/39 . . .. .. 138.29 Average for week ended 31/7/39 . . .. .. 138.29 Average for week ended 7/8/39’ . . .. .. 138.29 Average for week ended 14/8/39 .. .. .. 138.29
Buying. Selling.
Telegraphic transfer . £125 10 0 On Demand £123 10 0 125 7 6 30 days 123 5 0 125 5 0 60 days 123 0 0 125 2 6 90 days 122 15 0 125 0 0 120 days 122 10 0 124 17 6