Exchange Rates
p. 80 · Read in the full issue
THE following exchange quotations show the rates existing in March.
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 - on basis of £lOO London; —
New Guinea And Papua
Bank of New South Wales, which now has branches in Port Moresby and Lae, quotes ar exchange rate between Australia and NG-Papm of 10/- pe£ : £100.
French Pacific Colonies
SINCE December 25, 1945, the franc, insteac of having the same value In all parts o: the French Empire, has been given dlfleren values in different parts of the Empire. Then are three groups. Group 1: Prance, Nortl Africa, West Indies, French Guiana. Group 2 All African Colonies, Madagascar, Reunion, St Pierre, Mkjuelon. Group 3: New Caledonia, Nev Hebrides, French Oceania. The Group 1 fram was devalued in January, 1948. Exchange values in francs, are approximately:
Buying.
Selling. £ s. d. £ 8. d.
Telegraphic transfer . .. 110 15 0 112 0 0 On demand 110 12 6 111 17 1
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.
Selling. £ s. d. £ s. d.
Telegraphic transfer — £125 10 0 On Demand £122 18 9 125 7 « 30 days 122 8 9 125 2 e 60 days 121 18 9 124 17 t 90 days 121 8 9 124 12 e 120 days 120 18 9 —
£ stg. USA Dollar £ Aus.
Group 1 .. .. 864 V2 216 684 Group 2 .. . . 282.9 70 227 Group 3 . . . . 200 49.6 160-18.