USD Surges to Multi-Month High Against LKR š
The Sri Lankan Rupee faced renewed pressure on May 14, 2026, as the US Dollar climbed to its highest levels since the start of the year. ā¢ Overall Exchange Rates: The average rate for the US Dollar rose to Rs. 323.95, a significant jump from Rs. 322.27 recorded just the previous day. ā¢ Commercial Bank Rates: Buying Rate: Increased to Rs. 322.28 (from Rs. 319.77), marking the highest level since mid-December 2023. Selling Rate: Surpassed the Rs. 329 threshold to settle at Rs. 329.92 (from Rs. 327.38), the highest since late December 2023. ā¢ Market Impact: This sharp upward movement reflects a weakening trend for the rupee compared to the relatively stable performance seen throughout early 2024. The sudden spike in the selling price may impact the import sector and overall cost of living if the trend persists.