Exchange Rates 24.10.2008

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		107.37		108.68
Sterling Pound	171.90		175.08
EURO		136.68		139.57
Swiss Franc	91.10		93.58
Canadian Dollar	84.98		87.27
Australian Dollar	69.72		71.70
Singapore Dollar	70.99		72.51
Japanese Yen	1.1117		1.1375

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.