Convert AUD to LKR
The AUD/LKR's exchange rate experiences fluctuations on the release of important data out of Australia and Sri Lanka, including GDP, inflation, trade balance, PMI readings from manufacturing and services sectors, and PPI.
The AUD/LKR forex pair currency rate sees significant movement during the Asian trading session when most market moving events from Australia and Sri Lanka release. This pair is most active between 11:00 PM and 08:00 AM GMT.
The AUD and the LKR see changes in value on the release of monetary policy and interest rate announcements from the Reserve Bank of Australia and the Central Bank of Sri Lanka respectively. For instance, if the RBA cuts interest rates or adopts a more dovish outlook towards its monetary policy, the AUD weakens, causing the AUD/LKR to trade bearish, and vice versa.