Exchange Rates
p. 75 · Read in the full issue
THE following exchange quotations, gathered in Sydney, show the rates existing in mid-December:—
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.
Pljl-London on basis £lOO London; — Buying. Selling.
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- China, Noumea. On December 14, when the Australian £ was nominally worth 139.25 francs, £lOO Australian would purchase a draft in Noumea of 13,750. (Subject to Exchange Control
Regulations.)
direct telegraphic transfer
Selling Rates
Quoted by
Bank Op New South Wales
in Australia.
Australia on Papeete Francs to £ Australian.
The above are nominal only—no business has been transacted on that basis.
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:—
New Guinea And Papua
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. ' ’ i Papua and New Guinea on London: Same as Australia on London and vice versa. (Continued Overleaf)
Average for week ended 20/11/39 .. .. .. 138.27 Average for week ended 27/11/39 .. .. . . 138.27 Average for week ended 4/12/39 .. .. .. 138.27 Average for week ended 11/12/39 .. .. .. 138.27 Australia on Noumea Francs to £ Australian.
Average for week ended 20/11/39 .. .. .. 137.77 Average for week ended 27/11/39 . . .. .. 137.77 Average for week ended 4/12/39 . . .. .. 137.77 Average for week ended 11/12/39 . . .. .. 137.77
Buying.
Selling.
Telegraphic transfer — £125 10 0 On Demand £122 18 9 125 7 8 30 days 122 8 9 125 2 6
60 days .. .. 18 9 124 17 6 90 days .. .. 121 8 9 124 12 6 120 days .. .. 18 9 —
£. s. d. £. s. d.
Telegraphic transfer ... 110 15 0 112 0 0 On demand 110 12 6 111 17 6