Exchange Rates 24.09.2008

The average rates of the following currencies quoted by commercial banks in Colombo for Telegraphic Transfers (TT) at 9.30 a.m. are as follows:

Currency		Buying Rate		Selling Rate
	
U.S. Dollar		107.31			108.36
Sterling Pound	198.48			201.61
EURO		156.88			159.78
Swiss Franc	 98.03			100.64
Canadian Dollar	102.81			105.66
Australian Dollar	88.73			90.99
Singapore Dollar	75.50			77.02
Japanese Yen	1.0110			1.0325

The Approximate Exchange Rates of GULF Currencies, based on previous day’s Market Weighted Average Rate for the US$ are as follows:

Country		Currency		Indicative Rate

Bahrain		Dinar		286.12	
Kuwait		Dinar		405.42
Oman		Rial		280.20
Qatar		Riyal		 29.61
Saudi Arabia	Riyal		 28.71
UAE		Dirham		 29.37

The Average Weighted Prime Lending Rate (AWPR) and the Lowest Prime Rate (LPR) during the week ended 19th September, 2008 by all commercial banks was 19.53 per cent and 14.50 per cent respectively.

The Average Weighted Deposit Rate (AWDR) of the commercial banks, for the month of August 2008 was 10.91 per cent.