Convert USD to LKR - US Dollar to Sri Lankan rupee Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE USD/LKR EXCHANGE RATE
The USD/LKR currency pair denotes trading the US dollar against the Sri Lankan rupee, and is an interesting pair to trade, especially for experienced forex traders. The cross pair trades one of the most stable, reserve currencies in the forex market against a volatile, emerging market currency and offers up ample opportunity for generating profits, if traded with care.Agriculture is a key contributor to the Sri Lankan economy, with exports of tea, cinnamon, sugar as well as rubber and wood adding to the GDP of the nation. As a result, the Sri Lankan rupee sees considerable volatility when prices of any of these commodities fluctuate in the international market.In addition, key economic data releasing from the US and Sri Lanka also drive significant price action in the USD/LKR forex pair, including GDP, inflation and unemployment. Changes to the monetary policy and interest rates by the Federal Reserve and the Central Bank of Sri Lanka can also cause movements in this currency pair. For instance, when the Fed hikes interest rates, it strengthens the US dollar and turns USD/LKR bullish. On the other hand, when the Fed takes a dovish stance in its monetary policy and outlook, it causes the dollar to trade weaker as it signals a loss of confidence in the US economy. This causes USD/LKR to trade bearish.
USD to LKR CONVERSION RATES
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USD to LKR CHARTS
USD/LKR Live Chart
USD/LKR Historical Chart
USD to LKR EXCHANGE RATE - FAQ
How easy is it for new forex traders to trade USD/LKR?

As an emerging market currency as well as a commodity currency, the Sri Lankan rupee sees considerable volatility. As a result, the USD/LKR currency pair can see significant price action and unexpected movements, making it a challenging pair to trade without experience.

What other external factors impact the exchange rate of USD/LKR?

Sri Lanka, as an agricultural economy, is susceptible to being impacted by natural disasters, which can serve to weaken the currency. In addition, political unrest can also weaken the value of the LKR. In such cases, the USD/LKR tends to trade bullish.

How do the prices of crude oil impact USD/LKR?

While both the US and Sri Lanka are consumers of crude oil, the US is also an exporter of crude oil and crude products. On the other hand, Sri Lanka only imports crude oil. As a result, any changes to crude oil prices have a higher impact on the LKR than on the USD. When crude oil prices fall, the Sri Lankan rupee strengthens and turns USD/LKR bearish, and vice versa.