Exchange Rates
p. 82 · Read in the full issue
THE following exchange quotations show the rates existing in May;
New Guinea And Papua
Bank of New South Wales, which now has branches in Port Moresby and Lae, quotes an exchange rate between Australia and NG-Papua of 10/- per £lOO.
French Pacific Colonies
SINCE December 25, 1945, the franc, Instead of having the same value in all parts of the French Empire, has been given different values in different parts of the Empire. There are three groups. Group 1: Prance, North Africa, West Indies, French Guiana. Group 2; All African Colonies, Madagascar, Reunion, St.
Pierre, Miquelon. Group 3: New Caledonia, New Hebrides, French Oceania. Exchange values, In francs, are approximately:
Fiji
Through Bank of NSW and Bank of New Zealand:—Australia on FIJI on basis of £100 FIJI: Buying. £Alll/2/6; selling, £A113. F1J1- London on basis of £100 London: — Buying. £ s. d.
Telegraphic transfer ... 110 15 0 Or demand 110 12 6 Selling. £ a. d. 112 0 0 111 17 •
Western Samoa
Through Bank of New Zealand; — Australia on Western Samoa on basis of £100 Samoa; Buying. £ A99/12/6; selling, £A100/2/6. Samoa on London on basis of £100 in London; — Buying. £ s. d.
Telegraphic transfer — On Demand £ 122 18 9 30 days 122 8 9 60 days 121 18 9 90 days 121 8 9 120 days 120 18 9 Selling. £ s. d. £125 10 0 125 7 8 125 2 6 124 17 6 124 12 e
£ stg. USA Dollar £ Aus.
Group 1 .. . 480 119.1 384 Group 2 .. . 282.9 70 227 Group 3 .. .. 200 49.6 160-163