OFX USD to LKR Exchange Rates - Compare & Save

OFX at a glance:

OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

Learn more about OFX

Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.

Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.

What Savings Can I Expect with OFX?

OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.

When you register via our OFX 0.5% exclusive offer for BER users the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.

For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.

USD to LKR Market Data

US dollar (USD) to Sri Lankan rupee (LKR) market data - latest interbank exchange rate, trend, chart & historic rates.

Sell USD → Buy LKR

1 USD = LKR

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USD to LKR is at 7-day lows near 299.3, just above its 3-month average, having traded in a very stable 2.6% range from 293.1 to 300.8

30-MAY 8PM-NY 31-MAY 1AM-LON 8AM-HK 10AM-SYD

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Date	USD/LKR	Change	Period
07 Jul 2023	311.07	5.6% ▲	2 Week
22 Apr 2023	322.85	1.7% ▲	3 Month
21 Jul 2022	360.33	8.9% ▼	1 Year
22 Jul 2018	158.86	106.7% ▲	5 Year
23 Jul 2013	131.70	149.3% ▲	10 Year
26 Jul 2003	97.16	237.9% ▲	20 Year

USD/LKR historic rates & change to 21-Jul-2023

What are equivalent amounts of USD and LKR?

Here are some popular conversion amounts for USD to LKR (US dollar to Sri Lankan rupee)*.

USD	LKR
$ 1	₨ 299.33
$ 5	₨ 1,497
$ 10	₨ 2,993
$ 20	₨ 5,987
$ 50	₨ 14,967
$ 100	₨ 29,933
$ 250	₨ 74,833
$ 500	₨ 149,665
$ 1,000	₨ 299,330
$ 2,000	₨ 598,660
$ 5,000	₨ 1,496,650
$ 10,000	₨ 2,993,300
$ 20,000	₨ 5,986,600
$ 50,000	₨ 14,966,500
$ 100,000	₨ 29,933,000

USD	LKR
$ 0.0033	₨ 1
$ 0.0167	₨ 5
$ 0.0334	₨ 10
$ 0.0668	₨ 20
$ 0.1671	₨ 50
$ 0.3341	₨ 100
$ 0.8353	₨ 250
$ 1.6705	₨ 500
$ 3.3410	₨ 1,000
$ 6.6820	₨ 2,000
$ 16.71	₨ 5,000
$ 33.41	₨ 10,000
$ 66.82	₨ 20,000
$ 167.05	₨ 50,000
$ 334.10	₨ 100,000

More amounts

*Converted at the current USDLKR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

Forecasts for USD to LKR

31 MayRecent forecasts for the USD to LKR exchange rate reveal a complex interplay of global and local factors influencing currency movements. As of recent market updates, the US dollar has strengthened due to a combination of geopolitical tensions and a hawkish tone from the Federal Reserve, as markets await insights from the FOMC minutes. Analysts note that the dollar has gained traction in response to a risk-averse market sentiment, underscoring its status as a safe-haven currency amidst economic uncertainty.

Read our full review of recent USD to LKR forecasts.

How to get a good USD to LKR exchange rate

There are several ways to save on exchange rates when converting US dollar to Sri Lankan rupee:

Shop around for the best USD/LKR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
Timing is important: Keep an eye on the USD/LKR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and LKR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Sri Lankan rupee with US dollar, then it's better for the USD/LKR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

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.

Read our Currency guide to Sri Lanka — a practical currency and money guide to travel in Sri Lanka plus living and doing business with the Sri Lankan rupee.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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Will the US dollar rise against the Sri Lankan rupee?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add USD/LKR to your personalised Rate Tracker to track and benefit from currency movements.

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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending