1 Euro to Sri Lankan Rupee Today
Current Exchange Rate
As of today, the exchange rate of 1 Euro (EUR) to Sri Lankan Rupee (LKR) is:
1 EUR = 204.50 LKR
Exchange Rate Trend
Over the past week, the EUR/LKR exchange rate has been fluctuating. Here's a brief overview of the exchange rate trend:
- Highest rate in the past week: 205.50 LKR per 1 EUR
- Lowest rate in the past week: 203.50 LKR per 1 EUR
- Average rate in the past week: 204.25 LKR per 1 EUR
Why Is the Exchange Rate Important?
The exchange rate is a crucial factor for individuals and businesses that engage in international trade, travel, or investments. A fluctuation in the exchange rate can significantly impact the profitability of transactions, investments, and trade agreements.
What Affects the Exchange Rate?
Several factors influence the exchange rate between the Euro and Sri Lankan Rupee, including:
- Economic indicators: Inflation rates, GDP growth, and employment rates in both the Eurozone and Sri Lanka.
- Political stability: Political unrest, elections, and government policies can impact the exchange rate.
- Central bank actions: Monetary policy decisions, such as interest rates and quantitative easing, can influence the exchange rate.
- Supply and demand: The balance of trade, tourism, and investments between the Eurozone and Sri Lanka can affect the exchange rate.
Conclusion
The exchange rate of 1 Euro to Sri Lankan Rupee can fluctuate rapidly due to various economic and political factors. Staying informed about the current exchange rate and trends can help individuals and businesses make informed decisions when engaging in international transactions.
