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Exchange Rates

The price of one country's currency expressed in another country's currency. In other words, the rate at which one currency can be exchanged for another. For example, the higher the exchange rate for one euro in terms of one yen, the lower the relative value of the yen.

Indicative Exchange Rates - 2022-12-09 05:02:15am

Currency TC's Drafts Telegraphic Transfers
Exchange Rates Buying Rate Selling Rate Buying Rate Selling Rate Buying Rate Selling Rate
US Dollars 359.4777 373.6009 360.3823 371.7422 361.8296 371.7422
Japanese Yen 2.5470 2.7382 2.6084 2.7178 2.6284 2.7178
British Pound Sterling 426.9672 453.7531 436.1681 451.7203 438.1398 451.7203
Euro 369.4369 392.5616 375.6539 390.2202 376.7842 390.2202
Australian Dollar 234.4012 251.8648 238.3700 250.3626 240.5348 250.3626
Thai Baht 9.3639 10.7196 0.0000 10.6145 10.4043 10.6145
Singapore Dollar 258.8209 276.5593 266.2766 274.0924 266.2766 274.0924
Swedish Krona 31.3146 35.8448 34.5254 35.7554 34.5254 35.7554
Saudi Riyal 87.3407 99.2144 0.0000 98.2417 96.2963 98.2417
Qatari Rial 76.5126 102.0865 0.0000 101.0857 99.0840 101.0857
Omani Rial 864.7610 970.3397 0.0000 960.8265 941.8003 960.8265
New Zealand Dollar 209.7209 237.6366 228.2056 236.3350 228.2056 236.3350
Norwegian Krone 33.6497 37.2026 35.7975 37.1099 35.7975 37.1099
Malaysian Ringgit 76.0062 84.7945 0.0000 83.9631 82.3005 83.9631
Kuwaiti Dinar 1067.3200 1215.0972 0.0000 1203.1845 1179.3591 1203.1845
Jordanian Dinar 460.8647 525.5978 0.0000 520.4449 510.1390 520.4449
Hong Kong Dollar 43.5218 47.7814 0.0000 47.6622 46.2998 47.6622
Danish Krone 47.6678 52.6976 0.0000 52.5662 50.6565 52.5662
Chinese Yuan 47.8542 54.0458 51.4222 53.5211 51.4222 53.5211
Swiss Franc 366.3298 394.8329 379.5292 393.8482 382.5899 393.8482
Canadian Dollar 250.9256 272.4001 260.9257 271.7208 263.1626 271.7208
Bahraini Dinar 889.9487 989.6566 0.0000 979.9541 960.5491 979.9541
Dirham 89.6260 101.5807 0.0000 100.5848 98.5930 100.5848

Intrest rates for foreign currency deposites

  • Savings
  • Fixed Deposit
Currency
Rate % p.a
United States Dollars (USD)
2.00 %
Great Britain Pounds (GBP)
1.00 %
Euro (EUR)
0.40 %
Australian Dollars (AUD)
1.75 %
Canadian Dollars (CAD)
0.50 %
Swiss Francs (CHF)
0.00 %
Singapore Dollars (SGD)
0.25 %

Spot Exchange Rate

  • The rate of a foreign-exchange contract for immediate delivery. Also known as "benchmark rates", "straightforward rates" or "outright rates", spot rates represent the price that a buyer expects to pay for a foreign currency in another currency.
  • Though the spot exchange rate is said to be settled immediately, the globally accepted settlement cycle for foreign-exchange contracts is two days. Foreign-exchange contracts are therefore settled on the second day after the day the deal is made.

Swap

  • Traditionally, the exchange of one security for another to change the maturity (bonds), quality of issues (stocks or bonds), or because investment objectives have changed. Recently, swaps have grown to include currency swaps and interest rate swaps.

Forward Price

  • The predetermined delivery price for an underlying commodity, currency or financial asset decided upon by the long (the buyer) and the short (the seller) to be paid at predetermined date in the future.
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Chairman

Mr. Sujeewa Rajapakse

Mr. Sujeewa Rajapakse is a Managing Partner of BDO Partners which is the local representative of BDO - the fifth largest accounting network in the world. A Fellow of the Institute of Chartered Accountants of Sri Lanka (FCA) and a Fellow of Institute of Chartered Management Accountants of Sri Lanka (FCMA), Mr.Rajapakse holds a Master of Business Administration (MBA) from Postgraduate Institute of Management (PIM), University of Sri Jayewardenepura. During his professional career that spanned nearly four decades, he held the honorary positions of President, Vice President and Council Member (elect) of the Institute of Chartered Accountants of Sri Lanka (ICASL), Former Chairman of Auditing Standards Committee of ICASL, President of Practicing Accountants Forum of Sri Lanka, Treasurer of Sri Lanka Cricket, Treasurer for Cricket World Cup 2011, Board Member and Technical Advisor to South Asian Federation of Accountants (SAFA), Technical Advisor to Confederation of Asia Pacific Accountants (CAPA) and Council Member of University of Sri Jayewardenepura. He has also served in the directorates of National Development Bank PLC, Softlogic Insurance PLC, Dipped products PLC, Heycarb PLC, Development Holdings (Pvt) Ltd, Lanka Holdings (Pvt) Ltd, NDB Capital Ltd – Bangladesh, The Finance Company PLC and Unidil Packaging.

Director

Mr. Dushmantha Thotawatte

Mr. Dushmantha Thotawatte was appointed to the Board of Directors with effect from 08.07 2022. Mr.Thotawatte is a fellow member of the Institute of Chartered Accountants of Sri Lanka with a Bachelor of Commerce (Special Degree) from the University of Sri Jayawardhanepura & a Master in Financial Economics from the University of Colombo. He is an accomplished leader who has extensive experience in the field of Financial Management, Corporate Governance, Strategic Management and Public Relations, together a successful track record as Chief Executive Officer, Chief Financial Officer and Chief Internal Auditor in many state owned enterprises and private organizations and counts over 38 years of experience.