What Are Some Services That Offer the Sri Lankan Rupee Exchange Rate?


Quick Answer

The Central Bank of Sri Lanka, Google Finance and XE are services that provide the exchange rate of the Sri Lankan rupee. The Central Bank of Sri Lanka updates its rates daily at 9:30 a.m. local time in Columbo, Sri Lanka. Google Finance and XE provide real-time exchange rates.

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Full Answer

The Sri Lankan rupee is the official currency of Sri Lanka. Although it shares a name with the rupee used in India, Pakistan, Nepal and other countries, it is not tied to any of these currencies. The Central Bank of Sri Lanka is the government-backed national bank and is responsible for issuing Sri Lankan currency.

Sri Lankan rupees are issued as both coins and bank notes, and one rupee is divided into 100 cents. Bank notes are printed in denominations ranging from 10 to 5,000 rupees. Coins are minted in denominations ranging from 1 cent to 10 rupees. The most commonly used bank notes are the 100 rupee notes, while the 200 and 2,000 rupee notes are rarer.

Sri Lanka has replaced low denomination bank notes with coins, although older notes remain in circulation as legal tender. 1, 2, 5 and 10 rupee notes have been gradually phased out in favor of coins, beginning in 2005 and finishing in 2010. Low denomination coins between 1 and 10 cents are no longer minted, but remain legal tender.

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