Exchange Rates on May 24, 2011

(1) The average rates of the following currencies quoted by
 commercial banks in Colombo for Telegraphic Transfers (TT)
 at 9.30 am are as follows:

Currency	   	Buying Rate     	Selling Rate

US Dollar		109.15		110.71
Sterling Pound	175.23		178.95
EURO		152.46		156.30
Swiss Franc	122.48		125.86
Canadian Dollar	111.15		114.00
Australian Dollar	114.08		117.42
Singapore Dollar	86.98		89.22
Japanese Yen	1.3274		1.3620

(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		291.52
Kuwait		Dinar		398.25
Oman		Rial		285.44
Qatar		Riyal		30.18
Saudi Arabia	Riyal		29.30
UAE		Dirham		29.92

(3) The Average Weighted Prime Lending Rate (AWPLR) and the
 Lowest Prime Rate (LPR) during the week ended 20th May, 2011 by
 all commercial banks was 9.26 percent and 7.10 percent respectively.

(4) The Average Weighted Deposit Rate (AWDR) of commercial banks
 for the month of April, 2011 was 6.22 percent.