Exchange Rates
p. 74 · Read in the full issue
“T“HE following exchange quotations, gathered in Sydney, show the rates existing in mid- May;—
Fiji—Through Bank Of N.S.W.
And Bank Of New Zealand
Australia on Fiji -on basis of £lOO Fiji: Buy ing £Alll/2/6, selling £AII3.
Piji-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 I’lndo- China, Noumea. On May 13, when the Australian £ was nominally worth 140.30 francs, £lOO Australian would purchase a draft in Noumea of 13,900 francs. (Subject to Exchange Control Regulations.)
Direct Telegraphic Transfer
Selling Rates
Quoted by
Bank Of New South Wales
in Australia.
Australia on Noumea
Western Samoa—Through
Bank Of N.S.W.
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 Port Moresby and Samaral, Papua, 10/- per cent, premium each way, equi valent to commission of 10/- per cent.; Australia on Rabaul, 10/- per cent, premium. All other places 20/- per cent.
Papua and New Guinea on London: Same as Australia on London and vice versa.
Through Commonwealth Bank
From Australia, Port Moresby and Samaral, 10/- per cent.; on Rabaul, 10/- per cent. —Other Papua and New Guinea districts, £1 per cent.
Prom Rabaul on London, same as Australia on London: — Buying: T.T. £AI2S equals £stg. 100.
Selling: T.T. £AI2S/10/- equals £stg. 100.
Buying.
Selling. £ s. d. £ s. d.
Telegraphic transfer . .. 110 15 0 112 0 0 On demand 111 17 6
Average for week ended 22/4/40 . .
Francs to £ Australian. .. .. 137.94 Average for week ended 29/4/40 . . .. .. 137.94 Average for week ended 6/5/40 . . .. .. 137.94 Average for week ended 13/5/40 , . .. .. 137.94 Average for Australia on Papeete. week ended 22/4/40 ..
Francs to £ Australian. .. .. 138.49 Average for week ended 29/4 40 .. .. .. 138.49 Average for week ended 6/5/40 . . .. .. 138.49 Average for week ended 13/5/40 .. .. .. 138.49
Buying. Selling.
Telegraphic transfer £125 10 0 On Demand £122 18 9 125 7 6 30 days 122 8 9 125 2 6 60 days 121 18 9 124 17 6 90 days 121 8 9 124 12 6 120 days 120 18 9 —