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 - 2023-03-15 03:46:05pm

Currency TC's Drafts Telegraphic Transfers
Exchange Rates Buying Rate Selling Rate Buying Rate Selling Rate Buying Rate Selling Rate
US Dollars 325.2674 344.3175 326.0859 342.6045 327.3955 342.6045
Japanese Yen 2.3841 2.5631 2.4416 2.5441 2.4604 2.5441
British Pound Sterling 391.1187 415.6556 399.5471 413.7935 401.3532 413.7935
Euro 346.7958 368.5033 352.6318 366.3054 353.6928 366.3054
Australian Dollar 214.3730 230.3444 218.0027 228.9706 219.9825 228.9706
Thai Baht 8.6505 9.9029 0.0000 9.8058 9.6117 9.8058
Singapore Dollar 239.7887 256.2228 246.6962 253.9373 246.6962 253.9373
Swedish Krona 28.5916 32.7278 31.5233 32.6462 31.5233 32.6462
Saudi Riyal 80.1093 90.9999 0.0000 90.1077 88.3234 90.1077
Qatari Rial 69.9460 93.3250 0.0000 92.4100 90.5801 92.4100
Omani Rial 791.0356 887.6132 0.0000 878.9111 861.5069 878.9111
New Zealand Dollar 188.9274 214.0753 205.5793 212.9027 205.5793 212.9027
Norwegian Krone 29.4023 32.5068 31.2791 32.4258 31.2791 32.4258
Malaysian Ringgit 68.5049 76.4259 0.0000 75.6766 74.1780 75.6766
Kuwaiti Dinar 978.7812 1114.2997 0.0000 1103.3752 1081.5262 1103.3752
Jordanian Dinar 422.3809 481.7086 0.0000 476.9860 467.5407 476.9860
Hong Kong Dollar 39.5347 43.4041 0.0000 43.2959 42.0582 43.2959
Danish Krone 0.0000 49.4139 0.0000 49.2907 47.5001 49.2907
Chinese Yuan 44.4067 50.1523 47.7177 49.6653 47.7177 49.6653
Swiss Franc 346.4235 373.3777 358.9056 372.4466 361.8000 372.4466
Canadian Dollar 230.0123 249.6970 239.1790 249.0743 241.2294 249.0743
Bahraini Dinar 814.9956 906.3059 0.0000 897.4206 879.6499 897.4206
Dirham 82.0840 93.0328 0.0000 92.1207 90.2965 92.1207

Intrest rates for foreign currency deposites

  • Savings
  • Fixed Deposit
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.


  • 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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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.


Mr. Kumar Gunawardana

Kumar Gunawardana was appointed to the Board of Directors of People’s Bank on 26.12.2019 as a non-executive director. He commands over 40 years of experience in diverse areas of banking. Having started his career with Commercial Bank PLC in 1979, he has moved on to Amsterdam Rotterdam Bank (Amro Bank), ABN Amro Bank and finally to National Development Bank PLC (NDB). He has served in Senior Management positions for over 20 Years having first appointed as an Assistant Vice President of ABN AMRO Bank in the year 2000. His areas of expertise is wide and varied and include Branch network management, Institutional banking, Trade finance, Operations, Administration and services. He has also served as a Member of the Board of Directors of Development Holdings (Pvt.) Ltd. which is an entity jointly owned by National Development Bank PLC (NDB) and Export Development Board (EDB) and Treasurer of Sri Lanka Tennis Association.


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.