Exchange Rates 23.10.2008

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		107.38		108.69
Sterling Pound	173.84		176.87
EURO		136.79		139.51
Swiss Franc	91.86		93.78
Canadian Dollar	84.96		86.78
Australian Dollar	70.74		72.52
Singapore Dollar	71.20		72.62
Japanese Yen	1.0983		1.1223

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		286.42	
Kuwait	Dinar		400.92
Oman	Rial		280.51
Qatar	Riyal		 29.66
Saudi Arabia	Riyal	 28.79
UAE	Dirham		 29.40	


The Average Weighted Prime Lending Rate (AWPR) and
the Lowest Prime Rate (LPR) during the week ended 
17th October, 2008 by all commercial banks 
was 19.79 per cent and 15.25 per cent respectively.

The Average Weighted Deposit Rate (AWDR) of the commercial banks, 
for the month of September 2008 was 11.03 per cent.