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Friday, 16 November 2001  
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EXCHANGE RATES ON 15.11.2001 IN SLRS | COCONUTS

Average Rates at which the following currencies were quoted by Commercial Banks in Colombo for telegraphic transfers.

Currency

Buying (Rs.)

Selling (Rs.)

US Dollar 91.8360 92.3860
Sterling Pound 132.2462 133.5914
Euro   80.8133 81.8469
Swiss Franc   55.0554 55.8000
Japanese Yen 0.7534 0.7639

The Approximate Exchange Rates of GULF Currencies based on previous day's Market Weighted Average Rate.

Country

Currency

Indicative Rate(RS.)
Saudi Arabian Riyal    24.5915
Bahrain Dinar   244.6333
Kuwait  Dinar 301.2057
Qatar Riyal  25.3321
UAE Dirham 25.1100
Oman Riyal 239.5626

The European Commission's Locking Rates of 11 member countries that came into existence from January 01st, 1999 are as follows.

Country Currency Locking Rate
Austria Schiling 13.760300
Belgium Franc 40.339900
Finland Markka 5.945730
France French Franc 6.559570
Germany Deutsche Mark 1.955830
Irish Republic Punt 0.787564
Italy Lira 1936.270000
Luxembourg Franc 40.339900
Netherlands Guilder 2.203710
Portugal Escudo 200.482000
Spain Peseta 166.386000

The  Average Weighted Prime Lending Rates (AWPLR) & the Lowest Prime Rate (LPR) during the week ended November 09, 2001 by all commercial banks were 14.63 percent and 13.00  per cent respectively.

The Average Weighted Deposit Rate (AWDR) of Commercial banks for the month ended October 31st 2001 was 10.99 percent.


COCONUTS

Prices of Coconut Products on 15.11.2001

1. COPRA (per 250 kgs)  
     a) Date of Auction 09.11.2001
     b) Quantity of Copra offered 52,399 Kgs
     c) Quantity of copra sold 33,299 Kgs
     d) Simple average price - White Edible Copra -
     e) Simple average price  - Edible Copra -
     f) Highest price - M.S. No. 1 Copra RS. 13,600 T
     g) Simple average price - M. S. No 1 Copra    Rs. 13,120 T
     h) Simple average Price - M. S. No. 2 Copra Rs. 12,100 T
     i) Highest price - M. O. No. 1 Copra -
     j) Simple average Price - M.O. No. 1 Copra  

Next Auction on 16.11.2001 at 11.00 a.m. at the CDA Duke
Street Office

2. FRESH COCONUT (per 1,000 nuts)  
     a) Local Market 8,500-8,750 T
     b) Date & Price of Auction:  
         CDA (15.11.2001)  
              Highest Price 12,700 T
              Lowest Price 10,220 T
              Average Price 11,810 T
      Quantity Traded (Nuts) 347,988 
      WCCI(-) -
              Highest Price -
              Lowest Price -
             Average Price -
             Quantity Traded ( Nuts) -
     c) Date & Price of Tender -
         CCB -
         CRB (-) -
         NLDB(-) -
         LHP(08.11.2001) 10,660 T 

CDA Next Auction on 22.11.2001 at 11.00 a.m. at the Duke
street office

3. DESICCATED COCNUTS (per KG)  
     a) Local Price  
       ( i) Modernaized D/C Mills 70.00 N 
       (ii) Traditoanal D/C Mills 69.00-70.00 N
     b) Philippines (CIF London) -
     c) Sri Lanka (CIF London) -
4. COCONUT OIL (per MT)  
     a) Local price 88,000 -90,000 T
     b) Philippines (CIF London) 28,656
     c) Philippines (CIF New York) 29,550
5. POONAC (per MT) 7,500-8,000 T
6. MATTRESS FIBRE (per 50 kgs)  
     a) FAQ 140-180 T
     b) Superior 170 - 200 T
     c) Hand Twisted 235 T
7. OMAT FIBRE FAQ ( per 50 kgs) 525-600 T
8. BRISTLE FIBRE 1 tie (per 50kgs)  
     a) Ordinary 850-950 T
     b) Superior Hackleable         1,000 T
     c) Semi Hackled 1,200 T
9. BRISTLE FIBRE 2 tie (Hackled per 50 kgs 1,200-1,250 T
10. COCONUTS SHELL CHARCOAL 7,500 T
(per MT)
11.COCONUT EKELS (per 50 kgs) 300 T

(T-Traded; N-Nominal)

Crescat Development Ltd.

Sri Lanka News Rates

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