The live mid-rate USD to LKR exchange rate is 298.28. Compare currency conversion rates - Reduce FX costs.
The best USD to LKR exchange rate is 296.49 from XE. This is -0.6% compared to the mid-market rate 298.28.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Sri Lankan rupee (LKR) rates from different sources before making a conversion.
Looking at our comparison table the best USD to LKR exchange rate is 296.49 from XE, -0.6% from the mid-market rate 298.28. The next best rate is 296.34 from Wise, -0.65% from the mid-rate. Then Western Union with 293.51 is -1.6% from the mid-rate.
Among the banks, the Chase Bank rate is 271.54 at -9%, the Wells Fargo Bank rate is 269.75 at -9.6%, and the Citibank rate is 283.47 at -5% compared to the mid-rate 298.28.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Dollar to Sri Lankan rupee comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-LKR mid-rate (see Market Data below ) and the possible savings of using various providers.
US dollar (USD) to Sri Lankan rupee (LKR) market data - latest interbank exchange rate, trend, chart & historic rates.
| 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 |
Here are some popular conversion amounts for USD to LKR (US dollar to Sri Lankan rupee)*.
*Converted at the current USDLKR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The recent forecasts for the USD to LKR exchange rate reflect significant tension within global markets, particularly due to the renewed trade disputes between the US and China, which have led to increased selling pressure on the US dollar. Analysts point out that the imposition of tariffs by both nations has exacerbated fears of a potential US recession. The latest updates reveal an 84% counter-tariff from China, which has further destabilized market sentiment and led to rising US government borrowing costs, undermining confidence in the dollar.
Read our full review of recent USD to LKR forecasts.
There are several ways to save on exchange rates when converting US dollar to Sri Lankan rupee:
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.
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.
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
| United States (USD) | Sri Lanka (LKR) |
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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