BankBuying (you sell)Bank buys → You sellYou hand over USD and the bank gives you rupees. This is the rate that counts when money reaches you from abroad: a salary, a remittance, a gift. Higher is better for you.Selling (you buy)Bank sells → You buyYou hand over rupees and the bank gives you USD. This is the rate that counts when you need foreign currency: travel, tuition, an online payment. Lower is better for you.SpreadThe gap between the two rates, which is the bank's margin on the exchange. A smaller gap is better for you, whichever way your money is going.
BankBuying (you sell)Bank buys → You sellYou hand over EUR and the bank gives you rupees. This is the rate that counts when money reaches you from abroad: a salary, a remittance, a gift. Higher is better for you.Selling (you buy)Bank sells → You buyYou hand over rupees and the bank gives you EUR. This is the rate that counts when you need foreign currency: travel, tuition, an online payment. Lower is better for you.SpreadThe gap between the two rates, which is the bank's margin on the exchange. A smaller gap is better for you, whichever way your money is going.
BankBuying (you sell)Bank buys → You sellYou hand over GBP and the bank gives you rupees. This is the rate that counts when money reaches you from abroad: a salary, a remittance, a gift. Higher is better for you.Selling (you buy)Bank sells → You buyYou hand over rupees and the bank gives you GBP. This is the rate that counts when you need foreign currency: travel, tuition, an online payment. Lower is better for you.SpreadThe gap between the two rates, which is the bank's margin on the exchange. A smaller gap is better for you, whichever way your money is going.
BankBuying (you sell)Bank buys → You sellYou hand over AUD and the bank gives you rupees. This is the rate that counts when money reaches you from abroad: a salary, a remittance, a gift. Higher is better for you.Selling (you buy)Bank sells → You buyYou hand over rupees and the bank gives you AUD. This is the rate that counts when you need foreign currency: travel, tuition, an online payment. Lower is better for you.SpreadThe gap between the two rates, which is the bank's margin on the exchange. A smaller gap is better for you, whichever way your money is going.
BankBuying (you sell)Bank buys → You sellYou hand over SGD and the bank gives you rupees. This is the rate that counts when money reaches you from abroad: a salary, a remittance, a gift. Higher is better for you.Selling (you buy)Bank sells → You buyYou hand over rupees and the bank gives you SGD. This is the rate that counts when you need foreign currency: travel, tuition, an online payment. Lower is better for you.SpreadThe gap between the two rates, which is the bank's margin on the exchange. A smaller gap is better for you, whichever way your money is going.
BankBuying (you sell)Bank buys → You sellYou hand over SAR and the bank gives you rupees. This is the rate that counts when money reaches you from abroad: a salary, a remittance, a gift. Higher is better for you.Selling (you buy)Bank sells → You buyYou hand over rupees and the bank gives you SAR. This is the rate that counts when you need foreign currency: travel, tuition, an online payment. Lower is better for you.SpreadThe gap between the two rates, which is the bank's margin on the exchange. A smaller gap is better for you, whichever way your money is going.
BankBuying (you sell)Bank buys → You sellYou hand over AED and the bank gives you rupees. This is the rate that counts when money reaches you from abroad: a salary, a remittance, a gift. Higher is better for you.Selling (you buy)Bank sells → You buyYou hand over rupees and the bank gives you AED. This is the rate that counts when you need foreign currency: travel, tuition, an online payment. Lower is better for you.SpreadThe gap between the two rates, which is the bank's margin on the exchange. A smaller gap is better for you, whichever way your money is going.
Each bank sets its own rate from its own stock of foreign currency and its own margin. The gap between the highest and the lowest is real money. On USD 1,000 it is often more than LKR 3,000, which is why it is worth checking before you go.
What is the difference between the buying and selling rate?
The buying rate is the rate the bank buys at, so it is the rate you sell at. That is the one that matters when money is sent to you. The selling rate is the rate the bank sells at, so it is the rate you buy at. That is what matters before you travel. Banks name both rates from their own side of the counter, which is why they read backwards at first. The selling rate is always the higher of the two; the gap is the bank's margin.
Is the rate the same for cash and for a transfer?
Often not. Banks usually pay a little more for money that arrives as a transfer than for notes handed over the counter. The rates here are the ones each bank publishes, so confirm at the counter before you commit.
Why is the Central Bank rate different from the banks?
The Central Bank of Sri Lanka publishes an indicative reference rate for the market. It is not a rate you can transact at, because no counter will trade at it. That is why it is shown separately and left out of the best-rate comparison.
Do exchange rates change at weekends?
No. Banks publish rates on weekdays only and keep serving Friday's closing rates through Saturday and Sunday, so a weekend figure is Friday's number rather than a new one.
How often are these rates updated?
We check every bank's published rate card every 30 minutes while Sri Lankan banks are open. Most banks reprice once or twice a day.