Exchange Rates 07.11.2008

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		109.21		110.52
Sterling Pound	169.97		173.26
EURO		138.24		141.21
Swiss Franc	 92.08		94.61
Canadian Dollar	 90.26		92.77
Australian Dollar	 71.78		74.00
Singapore Dollar	 72.68		74.21
Japanese Yen	 1.1196	  	1.1466

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	       	291.65	
Kuwait		Dinar		407.28
Oman		Rial		285.62
Qatar		Riyal		 30.20
Saudi Arabia	Riyal		 29.28
UAE		Dirham		 29.94

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.