Exchange Rate Of Australian Dollar To Sri Lankan Rupee
Introduction
Exchange rate is the value of one currency in terms of another currency. The exchange rate of Australian Dollar to Sri Lankan Rupee is an important indicator for anyone who is looking to trade or travel between the two countries. In this article, we will discuss the current exchange rate of Australian Dollar to Sri Lankan Rupee, factors affecting the exchange rate and how to convert AUD to LKR.
Current Exchange Rate
As of August 2021, the exchange rate of Australian Dollar to Sri Lankan Rupee is approximately 120 LKR for 1 AUD. This means that if you have 100 AUD, you will receive approximately 12,000 LKR in exchange.
Factors Affecting Exchange Rate
Exchange rates are affected by various factors such as inflation, interest rates, economic growth, political stability and global events. For example, if the interest rates in Australia increase, the demand for Australian Dollar may also increase, causing the exchange rate to rise. On the other hand, if there is political instability in Sri Lanka, the demand for Sri Lankan Rupee may decrease, causing the exchange rate to fall.
How to Convert AUD to LKR
If you want to convert Australian Dollar to Sri Lankan Rupee, you can do so through various methods such as banks, money exchange offices, online money transfer services and ATMs. However, it is important to compare the exchange rates and fees of different providers to get the best deal. You can also use currency converter tools available online to get an estimate of the amount you will receive in exchange for your AUD.
Conclusion
The exchange rate of Australian Dollar to Sri Lankan Rupee is an important factor for anyone who is looking to trade or travel between the two countries. It is important to stay updated on the current exchange rate and the factors affecting it to make informed decisions. By comparing the exchange rates and fees of different providers, you can get the best deal when converting AUD to LKR.