For those considering currency conversion between Sri Lankan Rupees (LKR) and US Dollars (USD), the current exchange rate stands at approximately 1,000 LKR to 3.32 USD. This translates to a conversion rate of 1 LKR = 0.00332541 USD, while 1 USD equates to 300.715 LKR.
Exchange Rate Statistics
Over the past 30 days, the LKR to USD exchange rate has shown minimal volatility:
- Highest rate: 0.0033412 USD
- Lowest rate: 0.0033191 USD
- Average rate: 0.0033285 USD
- Volatility: 0.29%
This stability makes the currency pair particularly suitable for investors and business owners monitoring foreign exchange trends.
Currency Spotlight
LKR - Sri Lankan Rupee: The official currency of Sri Lanka (code: LKR, symbol: ₨) is influenced by various economic factors typical of developing nations. Understanding its exchange rate fluctuations can provide valuable insights for both investment and consumption decisions.
USD - US Dollar: As the world's primary reserve currency (code: USD, symbol: $), the dollar maintains exceptional stability and liquidity. Its movements frequently impact other currencies in foreign exchange markets.
The Impact of Exchange Rates
Exchange rate comprehension benefits not only individual consumers but also plays a crucial role in international trade and investment. Even minor fluctuations can significantly affect potential returns and risk exposure in foreign exchange transactions.
For those engaged in cross-border financial activities, staying informed about currency movements remains essential for making sound economic decisions.