Sri Lankas Rupee Hits Record Low Against US Dollar

The exchange rate dynamics between the Sri Lankan Rupee and the US Dollar merit attention. Currently, 50 LKR is approximately 0.1663 USD, with recent fluctuations indicating a certain stability, peaking at 0.0033483 USD and dipping to 0.0033070 USD. Understanding these exchange rate changes is crucial for investment and trade decisions.
Sri Lankas Rupee Hits Record Low Against US Dollar

In the context of ongoing global economic volatility, monitoring exchange rate movements between the Sri Lankan Rupee (LKR) and US Dollar (USD) has become increasingly crucial for investors and international traders. Recent data shows that 50.00 LKR converts to approximately 0.1663 USD , reflecting the current trading value between these currencies.

The latest exchange rates indicate that 1 LKR equals 0.00332541 USD , while 1 USD converts to 300.715 LKR . These figures provide the foundation for financial transactions and economic assessments involving the two currencies.

Recent Exchange Rate Trends

Analysis of the past year's exchange rate patterns reveals notable fluctuations between LKR and USD. During the most recent 30-day period, the exchange rate reached a high of 0.0033412 USD and a low of 0.0033191 USD , demonstrating measurable volatility in the short term. The monthly average settled at 0.0033285 USD , suggesting relative stability in the market.

Expanding the observation window to 90 days shows the highest rate at 0.0033483 USD and the lowest at 0.0033070 USD . The proximity of these values indicates limited fluctuation in the medium term, with the past month's volatility measured at just 0.29% .

Factors Influencing Currency Values

Multiple economic and political factors continue to impact the LKR's valuation. Domestic economic conditions, political stability, and broader international market dynamics all contribute to exchange rate movements. For businesses and individuals engaged in cross-border transactions or investments, understanding these currency fluctuations and their underlying causes is essential for informed decision-making.

Continuous monitoring of market trends and potential future developments remains critical for effective financial risk management in this evolving economic landscape.