Exchange Rates on 11-Dec-08 in SLRS

(1) The average rates of the following currencies quoted by commercial banks in Colombo.


Currency		Buying Rate	Selling Rate

U.S. Dollar		110.30		111.76
Sterling Pound	163.38		166.50
EURO		143.38		146.33
Swiss Franc	91.53		94.01
Canadian Dollar	87.27		89.64
Australian Dollar	71.86		73.87
Singapore Dollar	73.53		75.08
Japanese Yen	1.1866		1.2172

(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	293.55
Kuwait	Dinar	402.58
Oman	Rial	287.40
Qatar	Riyal	30.38
Saudi Arabia Riyal	29.49
UAE	Dirham	30.12

(3) The Average Weighted Prime Lending Rate (AWPLR) and the Lowest Prime Rate (LPR) during the week ended 5th December, 2008
 by all commercial banks were 19.58 percent and 14.00 percent respectively.

(4) The Average Weighted Deposit Rate (AWDR) of Commercial banks for the month of November, 2008 was 11.39 percent.