Exchange Rates 03.10.2008

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		107.36		108.62
Sterling Pound	189.45		192.63
EURO		148.01		150.86
Swiss Franc	94.17		96.66
Canadian Dollar	99.11		101.89
Australian Dollar	82.91		85.02
Singapore Dollar	73.83		75.36
Japanese Yen	1.0178		1.0399

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		286.52	
Kuwait		Dinar		404.56
Oman		Rial		280.55
Qatar		Riyal		 29.65
Saudi Arabia	Riyal		 28.75	
UAE		Dirham		 29.41	


The Average Weighted Prime Lending Rate (AWPR) and the Lowest Prime Rate (LPR) during the week ended 26th September, 2008 by all commercial banks was 20.38 per cent and 16.75 per cent respectively.

The Average Weighted Deposit Rate (AWDR) of the commercial banks, for the month of August 2008 was 10.91 per cent.