Exchange Rates on 02.Feb.09 in SLRS

(1) The average rates of the following currencies quoted by commercial banks in Colombo.

Currency		Buying Rate	Selling Rate
U.S. Dollar		113.22		114.85
Sterling Pound	162.24		165.52
Euro		143.52		146.74
Swiss Franc	96.41		 99.24
Canadian Dollar	91.22		 93.90
Australian Dollar	71.03		 73.20
Singapore Dollar	74.39		 76.13
Japanese Yen	1.2557		1.2875

(2) 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		302.06
Kuwait		Dinar		392.80
Oman		Rial		295.76
Qatar		Riyal		31.27
Saudi Arabia	Riyal		30.34
UAE		Dirham		31.01

(3) The Average Weighted Prime Lending Rate (AWPLR) and the Lowest Prime Rate (LPR) during the week ended 23rd January, 2009 by all commercial banks were 19.37 per cent and 16.61 per cent respectively.

4) The Average Weighted Deposit Rate (AWDR) of commercial banks for the month of December, 2008 was 11.63 per cent.