LKR Market Update
13 May 2026 • 00:41 GMT
The Sri Lankan rupee has continued to weaken against the US dollar, hitting its 90-day low near 0.003096, which is about 2.7% below its three-month average of 0.003183. The currency has traded within a relatively narrow range from 0.003096 to 0.003240, reflecting some stability amid ongoing external pressures. Following increased foreign exchange purchases by the Central Bank earlier this year, the rupee remains vulnerable but has shown signs of stabilizing.
Compared to other major currencies, the LKR has also seen declines against the euro and British pound, trading approximately 3.2% and 3.4% below their respective three-month averages. Meanwhile, the rupee has experienced a similar weakness against the Japanese yen and the Australian dollar, with recent lows near 0.4881 and 0.004276. These moves suggest a broad trend of depreciation for the Lankan currency amid global uncertainties and local economic factors.
While the Central Bank’s rate hold at 7.75% and recent external support measures provide some confidence, the LKR remains under pressure. Expect further volatility as markets react to regional geopolitical events and Sri Lanka’s ongoing economic adjustments.