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USDLKR

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
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  • Previous Close
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  • 52 Week Change
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  • Day Range
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • EPS
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  • Volume
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About

The financial product symbol USDLKR.FOREX refers to the exchange rate between the United States Dollar (USD) and the Sri Lankan Rupee (LKR) in the foreign exchange market (FOREX). It represents the price of one US dollar in terms of Sri Lankan rupees. This symbol is commonly used by currency traders and financial institutions to track and trade the value of the USD against the LKR. The exchange rate constantly fluctuates based on various economic factors, including interest rates, inflation, political stability, and trade balances in both the United States and Sri Lanka.
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Factors

Interest Rates: Higher US rates attract investment, increasing USD demand, strengthening USDLKR.

Inflation: Higher US inflation weakens USD, while higher LKR inflation weakens LKR, affecting the exchange rate.

Economic Growth: Stronger US growth strengthens USD, while stronger Sri Lankan growth strengthens LKR.

Political Stability: US and Sri Lankan political stability attracts investment, strengthening their currencies.

Trade Balance: US trade surplus strengthens USD, while Sri Lankan trade surplus strengthens LKR.

Debt Levels: High US and Sri Lankan debt can weaken their currencies.

Central Bank Policy: Actions by the Federal Reserve and Central Bank of Sri Lanka influence exchange rates.

Global Risk Sentiment: Risk aversion strengthens USD as a safe haven.

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