Exchange Rates 03.11.2008

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			109.41		110.77
Sterling Pound		177.51		181.03
EURO			139.77		142.97
Swiss Franc		94.54		96.77
Canadian Dollar		90.91		93.09
Australian Dollar		74.03		76.33
Singapore Dollar		74.05		75.67
Japanese Yen		1.0945		1.1231

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 31st October, 2008 by all commercial banks was 20.72 per 
cent and 15.25 per cent respectively.

The Average Weighted Deposit Rate (AWDR) of the commercial banks, for the month
of October 2008 was 11.28 per cent.