Exchange Rates
p. 50 · Read in the full issue
'T'HE following exchange quotations show the rates existing in Sydney in mid-April:—
Fiji
Through Bank of NSW and Bank of New Zealand:—Australia on Fiji on basis of £lOO Fiji: Buying, £Alll/2/6; selling, £AII3. Fiji- London on basis £lOO London;
Western Samoa
Through Bank of New Zealand:—Australia on Western Samoa, basis £lOO Samoa—buying, £ A99/12/6; selling, £AIOO/2/6. Samoa on London, basis £lOO in London: —
New Guinea And Papua
Only nominal at present.
New Caledonia And Tahiti
London banks nowadays do not quote on Paris; therefore the French Pacific Colonial bank rates formerly furnished to the “PIM” by the Comptoir National d’Escompte de de Paris, Sydney, and the Bank of NSW are unavailable. Most of the business between the Free French Colonies in the Pacific and Australia is being done in Australian currency; but there is in existence an unofficial, fluctuating rate of between 140 and 143.5 francs to the Austra lian £.
Buying.
Selling. £ s. d. £ s. d.
Telegraphic transfer . .. 110 15 0 112 0 0 On demand .. 110 12 6 111 17 6
Buying.
Selling. £ s. d. £ s. d.
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 —