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AUD/LKR - Convert Compare Save

Australian Dollar to Sri Lankan Rupee exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Australian Dollar to Sri Lankan Rupee exchange rate, has news, forecasts and AUD to LKR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

AUD/LKR Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/LKR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive LKR(₨)Exchange RateFee AUDTotal CostDeal Links
OFX (OzForex) logo
1,152,600 LKR
Best Overall
115.260^3.95%
BankSA International Money Transfers
BankSA logo
1,155,783 LKR
3,183 LKR
115.8120.013.69%
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
1,155,668 LKR
3,068 LKR
115.81213.7%
ANZ Bank logo
1,155,426 LKR
2,826 LKR
115.751183.72%
National Australia Bank (nab) logo
1,144,676 LKR
7,924 LKR
114.72224.61%
Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo Bank of Melbourne logo BankSA logo
1,136,805 LKR
15,795 LKR
113.89155.27%
Commonwealth Bank (CBA) logo
1,131,521 LKR
21,079 LKR
113.226 5.71%
St George Bank logo
1,128,838 LKR
23,762 LKR
113.11205.93%
Westpac logo
1,085,724 LKR
66,876 LKR
108.79209.53%
OFX (OzForex): Foreign Transfer AUD→LKR
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:115.26 (3.95% from mid-rate)
LKR amount:1,152,600 LKR
Total Cost:3.95%
Time:
Rate Fetched: Sat Aug 17 2019 22:01:24 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
BankSA: Foreign Transfer AUD→LKR
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:115.81 (3.5% from mid-rate)
LKR amount:1,155,783 LKR
Total Cost:3.69%
Difference:
3,183 LKR more than using OFX (OzForex)
Time:
Rate Fetched: website - 0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Bank of Melbourne: Foreign Transfer AUD→LKR
AUD amount:$10,000 AUD
Fee:21
Exchange Rate:115.81 (3.5% from mid-rate)
LKR amount:1,155,668 LKR
Total Cost:3.7%
Difference:
3,068 LKR more than using OFX (OzForex)
Time:
Rate Fetched: website - 0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→LKR
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:115.751 (3.55% from mid-rate)
LKR amount:1,155,426 LKR
Total Cost:3.72%
Difference:
2,826 LKR more than using OFX (OzForex)
Time:
Rate Fetched: website - Sat Aug 17 2019 22:03:05 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
National Australia Bank (nab): Foreign Transfer AUD→LKR
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:114.72 (4.4% from mid-rate)
LKR amount:1,144,676 LKR
Total Cost:4.61%
Difference:
7,924 LKR less than using OFX (OzForex)
Time:
Rate Fetched: website - Sat Aug 17 2019 21:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→LKR
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:114.28 (4.77% from mid-rate)
LKR amount:1,136,805 LKR
Total Cost:5.27%
Difference:
15,795 LKR less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Commonwealth Bank (CBA): Foreign Transfer AUD→LKR
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:113.22 (5.65% from mid-rate)
LKR amount:1,131,521 LKR
Total Cost:5.71%
Difference:
21,079 LKR less than using OFX (OzForex)
Time:
Rate Fetched: website - Sat Aug 17 2019 22:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Foreign Transfer AUD→LKR
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:113.11 (5.75% from mid-rate)
LKR amount:1,128,838 LKR
Total Cost:5.93%
Difference:
23,762 LKR less than using OFX (OzForex)
Time:
Rate Fetched: website - 0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
Westpac: Foreign Transfer AUD→LKR
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:108.79 (9.35% from mid-rate)
LKR amount:1,085,724 LKR
Total Cost:9.53%
Difference:
66,876 LKR less than using OFX (OzForex)
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Snapshot 08/18/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount LKR(₨)Exchange RateFee AUDTotal CostDeal Links
Bank of Melbourne Foreign Currency
Bank of Melbourne logo
114,073 LKR
Compare
115.81A$154.94%
BankSA Foreign Currency
BankSA logo
114,073 LKR115.81A$154.94%
National Australia Bank (nab) logo
112,464 LKR
1,609 LKR
113.6106.28%
Banks - Average Rate
Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo Bank of Melbourne logo BankSA logo
111,850 LKR
2,223 LKR
113.33106.8%
Commonwealth Bank (CBA) logo
109,652 LKR
4,421 LKR
110.76A$108.63%
St George Bank logo
108,990 LKR
5,083 LKR
110.65A$159.18%
Travelex Online AU logo
107,058 LKR
7,015 LKR
107.0581$0 BPay, Card 0.72%-1%10.79%
Bank of Melbourne: Travel Money AUD→LKR
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:115.81 (3.5% from mid-rate)
LKR amount:114,073 LKR
Total Cost:4.94%
Time:
Rate Fetched: website - 0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
BankSA: Travel Money AUD→LKR
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:115.81 (3.5% from mid-rate)
LKR amount:114,073 LKR
Total Cost:4.94%
Time:
Rate Fetched: website - 0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
National Australia Bank (nab): Travel Money AUD→LKR
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:113.6 (5.34% from mid-rate)
LKR amount:112,464 LKR
Total Cost:6.28%
Time:
Rate Fetched: website - 0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→LKR
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:114.07 (4.95% from mid-rate)
LKR amount:111,850 LKR
Total Cost:6.8%
Currency Services:Branch
Delivery/Collect:-
Commonwealth Bank (CBA): Travel Money AUD→LKR
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:110.76 (7.7% from mid-rate)
LKR amount:109,652 LKR
Total Cost:8.63%
Time:
Rate Fetched: website - Sat Aug 17 2019 22:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Travel Money AUD→LKR
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:110.65 (7.8% from mid-rate)
LKR amount:108,990 LKR
Total Cost:9.18%
Time:
Rate Fetched: website - 0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
Travelex Online AU: Travel Money AUD→LKR
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:107.0581 (10.79% from mid-rate)
LKR amount:107,058 LKR
Total Cost:10.79%
Time:
Rate Fetched: Sat Aug 17 2019 22:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/18/2019 - See full table

AUD to LKR interbank exchange rate = 120.0053

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

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on AUD/LKR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

AUD and LKR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AUD vs LKR, you should pay attention to the recent market trends for both currencies.

 

Australian Dollar (AUD)

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

 

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 AUD/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 AUD / 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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all AUD Exchange Rates