Canadian Dollar Sri Lankan Rupee Exchange Rate Today

Introduction

The Canadian dollar (CAD) is the official currency of Canada, while the Sri Lankan rupee (LKR) is the official currency of Sri Lanka. The exchange rate between these two currencies is important for individuals and businesses that engage in trade and investment between Canada and Sri Lanka.

Factors that Affect the Exchange Rate

There are several factors that can affect the exchange rate between the CAD and LKR. One of the most important factors is the economic performance of the two countries. If Canada's economy is performing well, investors may be more likely to invest in Canadian assets, causing the CAD to appreciate against the LKR. Similarly, if Sri Lanka's economy is performing well, investors may be more likely to invest in Sri Lankan assets, causing the LKR to appreciate against the CAD.Other factors that can affect the exchange rate include government policies, interest rates, and global events such as political instability or natural disasters.

Current Exchange Rate

As of September 28, 2021, the exchange rate between the CAD and LKR is:1 CAD = 131.159 LKRThis means that one Canadian dollar can be exchanged for 131.159 Sri Lankan rupees.

Historical Exchange Rates

The exchange rate between the CAD and LKR has fluctuated over time. In the past five years, the exchange rate has ranged from a low of 102.50 LKR to a high of 147.82 LKR per CAD.

Why the Exchange Rate Matters

The exchange rate between the CAD and LKR is important for several reasons. For individuals who travel between Canada and Sri Lanka, knowing the exchange rate can help them budget for their trip and make informed decisions about where to exchange their money.For businesses that engage in trade and investment between the two countries, the exchange rate can have a significant impact on their profitability. A favorable exchange rate can make it easier for Canadian businesses to export their products to Sri Lanka, while an unfavorable exchange rate can make it more expensive for Sri Lankan businesses to import Canadian goods.

Conclusion

The exchange rate between the CAD and LKR is an important factor for individuals and businesses that engage in trade and investment between Canada and Sri Lanka. While the exchange rate can fluctuate over time, understanding the factors that affect it can help individuals and businesses make informed decisions about their finances.

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