1 Us Dollar To 1 Sri Lankan Rupee
1 US Dollar is equivalent to 199.15 Sri Lankan Rupees as of September 2021. The exchange rate between the two currencies varies depending on several factors, including economic policies, political stability, and demand for the currencies in the global market.
Factors Affecting the Exchange Rate
The exchange rate between the US dollar and Sri Lankan Rupee is affected by several factors, including:
- Economic policies: The economic policies implemented by the governments of both countries can affect the exchange rate. For example, if the US Federal Reserve decides to increase interest rates, it could lead to an appreciation of the US dollar against other currencies, including the Sri Lankan rupee.
- Political stability: Political instability in either country could lead to a decrease in demand for its currency, leading to a depreciation of the currency against other currencies.
- Global market demand: The demand for a currency in the global market can also affect its exchange rate. If there is high demand for the US dollar, it could lead to an appreciation of the currency against other currencies, including the Sri Lankan rupee.
Historical Exchange Rate
The exchange rate between the US dollar and Sri Lankan rupee has fluctuated over the years. In 2016, 1 US dollar was equivalent to around 146 Sri Lankan rupees. However, the exchange rate has since increased, and as of September 2021, 1 US dollar is equivalent to 199.15 Sri Lankan rupees.
Impact on Trade and Investments
The exchange rate between the US dollar and Sri Lankan rupee has a significant impact on trade and investments between the two countries. If the exchange rate is favorable to US businesses, it could lead to an increase in exports to Sri Lanka. On the other hand, if the exchange rate is unfavorable, it could lead to a decrease in exports.
Conclusion
The exchange rate between the US dollar and Sri Lankan rupee is affected by several factors, including economic policies, political stability, and global market demand. It has fluctuated over the years and has a significant impact on trade and investments between the two countries. As of September 2021, 1 US dollar is equivalent to 199.15 Sri Lankan rupees.