Exchange Rates 29.10.2008

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	171.55		174.72
EURO		136.09		138.96
Swiss Franc	92.41		94.91
Canadian Dollar	83.72		85.97
Australian Dollar	68.34		70.42
Singapore Dollar	71.53		73.06
Japanese Yen	1.0976		1.1239

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		286.47	
Kuwait		Dinar		401.34
Oman		Rial		280.52
Qatar		Riyal		29.70
Saudi Arabia	Riyal		28.80
UAE		Dirham		29.40

The Average Weighted Prime Lending Rate (AWPR) and the Lowest Prime Rate (LPR) during the week ended 24th October, 2008 by all commercial banks was 20.00 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.