Exchange Rates 31.10.2008

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	109.29	111.11
Sterling Pound	178.18		182.25
EURO		139.59		143.16
Swiss Franc	95.17		98.18
Canadian Dollar	89.41		92.24
Australian Dollar	72.64		75.11
Singapore Dollar	73.57		75.45
Japanese Yen	1.1066		1.1363

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		290.06	
Kuwait		Dinar		405.01
Oman		Rial		284.04
Qatar		Riyal		30.04
Saudi Arabia	Riyal		29.16
UAE		Dirham		29.77


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.