Exchange Rate Australian Dollar To Sri Lanka Rupee
The exchange rate between the Australian Dollar (AUD) and Sri Lankan Rupee (LKR) is an important factor for those looking to travel or conduct business between the two countries. Knowing the current exchange rate can help you plan your trip or financial transactions.
Current Exchange Rate
As of July 2021, the current exchange rate for one Australian Dollar is approximately 131.82 Sri Lankan Rupees. This means that if you were to exchange 1 AUD, you would receive around 131.82 LKR in return.
Factors Affecting Exchange Rates
Exchange rates are constantly changing and can be affected by a variety of factors. Some of the main factors that can impact the AUD/LKR exchange rate include:
- Economic performance: Strong economic performance in Australia may lead to an increase in the value of the Australian Dollar.
- Political stability: Political instability in Sri Lanka may cause the value of the Sri Lankan Rupee to decrease.
- Interest rates: Higher interest rates in Australia may attract more foreign investment, which can increase the value of the Australian Dollar.
- Market speculation: Speculation and uncertainty about future economic conditions can cause fluctuations in exchange rates.
Exchange Rate History
The exchange rate between the AUD and LKR has fluctuated over time. In recent years, the value of the Australian Dollar has generally been higher than the Sri Lankan Rupee. In 2010, for example, the exchange rate was around 1 AUD to 86 LKR, while in 2020 it was around 1 AUD to 118 LKR.
Using Currency Converters
There are many online currency converters that can help you quickly and easily convert Australian Dollars to Sri Lankan Rupees (and vice versa). These tools typically use the most up-to-date exchange rates to provide accurate conversions.
Tips for Exchanging Currency
If you need to exchange currency, there are a few tips you should keep in mind:
- Check the exchange rate before you go: Make sure you know the current exchange rate so you can avoid being ripped off.
- Shop around for the best rate: Exchange rates can vary between different providers, so it's worth shopping around to find the best deal.
- Avoid exchanging currency at airports: Airport exchange rates are often much worse than those you can get elsewhere.
- Consider using a credit card: Using a credit card can be a convenient and safe way to pay for things abroad, but make sure you check the fees and exchange rates first.
Conclusion
The exchange rate between the Australian Dollar and Sri Lankan Rupee is an important factor to consider when traveling or conducting business between the two countries. Keep in mind the various factors that can affect exchange rates, and use currency converters and other resources to ensure you get the best deal when exchanging currency.