Exchange Rates 10.10.2008

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		107.38		108.64
Sterling Pound	181.91		185.20
EURO		145.03		148.05
Swiss Franc	94.82		96.99
Canadian Dollar	92.05		94.29
Australian Dollar	70.79		72.72
Singapore Dollar	72.38		73.85
Japanese Yen	1.0776		1.1046

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		286.46	
Kuwait		Dinar		402.54
Oman		Rial		280.55
Qatar		Riyal		29.66
Saudi Arabia	Riyal		28.73
UAE		Dirham		29.40

The Average Weighted Prime Lending Rate (AWPR) and the Lowest Prime Rate (LPR) during the week ended 03rd October, 2008 by all commercial banks was 21.19 per cent and 18.00 per cent respectively.

The Average Weighted Deposit Rate (AWDR) of the commercial banks, for the month of September 2008 was 11.03 per cent.