Exchange Rates on 14.11.2008

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		109.33		110.74
Sterling Pound	161.76		164.87
EURO		138.83		141.86
Swiss Franc	91.42		93.92
Canadian Dollar	89.18		91.66
Australian Dollar	71.50		73.66
Singapore Dollar	71.95		73.54
Japanese Yen	1.1202		1.1478

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		291.94	
Kuwait		Dinar		406.40
Oman		Rial		285.82
Qatar		Riyal		 30.22
Saudi Arabia	Riyal		 29.33
UAE		Dirham		 29.96

The Average Weighted Prime Lending Rate (AWPR) and the Lowest Prime Rate (LPR) during the week ended 07th November, 2008 by all commercial banks was 20.75 per cent and 15.50 per cent respectively.

The Average Weighted Deposit Rate (AWDR) of the commercial banks, for the month of October 2008 was 11.28 per cent.