AED/LKR update & alerts
1 AED = 48.97 LKR
AED/LKR Exchange Rates and Providers Compared
This guide to the United Arab Emirates Dirham to Sri Lankan Rupee exchange rate with 90-day chart & alerts, historic rates, forecasts and AED to LKR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AED/LKR Quick Calculator.
Looking for LKR travel money? Then it is important to note that the Sri Lankan Rupee is a closed currency. Which means that it is more difficult (but not impossible) to purchase the currency before departure and may need to buy it upon arrival. For more information and a full list of closed currencies read our guide: What is a closed currency?
A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees. Compare Travel Cards
AED and LKR in the Markets
When determining the best time to make a foreign exchange transaction, in this case the AED vs LKR, you should pay attention to the recent market trends for both currencies.
United Arab Emirates Dirham (AED)
All the Gulf Cooperation Council (GCC) countries, excluding Kuwait, have their currencies pegged to the US dollar. The UAE dirham has been fixed at a rate of around 3.6725 to $1 since 1997.
Sri Lankan Rupee (LKR)
As of September 2018, Sri Lanka is at the top of a list of seven emerging market countries that are most likely to join nations such as Turkey and Argentina in a currency crisis according to the investment bank Nomura. "Sri Lanka is at risk of a crisis erupting at any time," the economists noted.
"With foreign exchange reserves of less than five months of import cover and high short-term external debt of around $US7.5 billion, its refinancing needs are large. Political stability also remains an issue."
Why can't I just get the AED/LKR market rate I see online or in the media?
The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AED / LKR was traded (bought or sold) in the international markets.
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.
Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
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