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		Exchange Rates on 16.12.2010 

(1) 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		110.11		111.81
Sterling Pound	170.66		174.66
Euro		144.62		148.85
Swiss Franc	113.22		116.13
Canadian Dollar	109.04		111.95
Australian Dollar	107.89		111.07
Singapore Dollar	83.14		85.49
Japanese Yen	1.3018		1.3372

(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		294.26
Kuwait		Dinar		393.29
Oman		Rial		288.08
Qatar		Riyal		30.47
Saudi Arabia	Riyal		29.58
UAE		Dirham		30.20

(3) The Average Weighted Prime Lending Rate (AWPLR) and the Lowest Prime Rate (LPR) during the week ended 10th December, 2010 
by all commercial banks was 9.25 percent and 7.75 percent respectively.

(4) The Average Weighted Deposit Rate (AWDR) of commercial banks for the month of November, 2010 was 6.24 percent.		
		

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