Exchange Rates 05.11.2008

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		109.36		110.67
Sterling Pound	173.84		177.07
EURO		141.00		144.01
Swiss Franc	93.01		95.56
Canadian Dollar	93.88		96.53
Australian Dollar	75.03		77.30
Singapore Dollar	74.01		75.57
Japanese Yen	1.0899		1.1171

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		291.78	
Kuwait		Dinar		407.47
Oman		Rial		285.76
Qatar		Riyal		30.22
Saudi Arabia	Riyal		29.29
UAE		Dirham		29.95

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.