Exchange Rates 04.11.2008

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		109.36		110.77
Sterling Pound	171.74		175.04
EURO		137.07		140.06
Swiss Franc	92.20		94.73
Canadian Dollar	91.72		94.29
Australian Dollar	72.62		74.67
Singapore Dollar	73.37		74.97
Japanese Yen	1.1016		1.1272

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		291.76	
Kuwait	Dinar		404.50
Oman	Rial		285.74
Qatar	Riyal		30.21
Saudi Arabia Riyal		29.29
UAE	Dirham		29.95

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.