Sri Lanka’s official currency is the Sri Lankan Rupee (LKR), symbolized as Rs. The Sri Lankan rupee is available in both coins and banknotes, with the currency code LKR. Travelers visiting Sri Lanka will find currency exchange services readily available at airports, hotels, banks, and authorized money exchange outlets.
Currency Denominations
Banknotes: The Sri Lankan Rupee is available in the following denominations:
- Rs. 20
- Rs. 50
- Rs. 100
- Rs. 500
- Rs. 1,000
- Rs. 5,000
Coins: The coins commonly used are:
- Rs. 1
- Rs. 2
- Rs. 5
- Rs. 10
Exchange Rates
The exchange rate for the Sri Lankan Rupee fluctuates daily based on international markets. It is advisable to check the current rates before exchanging money to ensure you get the best value. Exchange rates at airports may be slightly less favorable than those at authorized exchange outlets or banks.
Use the Forex Currency Converter Tool below to find out today’s rates.
Where to Exchange Currency
At the Airport: Currency exchange counters are available upon arrival at the Bandaranaike International Airport in Katunayake. While convenient, the exchange rates may be slightly lower than in other parts of the city.
Banks: Major banks like Commercial Bank, Bank of Ceylon, and Hatton National Bank offer currency exchange services at competitive rates. Banks are generally open from 9:00 AM to 3:00 PM on weekdays, with limited hours on Saturdays.
Authorized Money Exchange Outlets: There are several licensed money changers located throughout major cities like Colombo, Kandy, Galle, and Negombo. These outlets often offer better rates than banks and airports.
Hotels: Some higher-end hotels offer currency exchange services, though their rates might not be as competitive as banks or money exchange outlets.
Using Credit & Debit Cards
International Credit and Debit Cards: Major credit and debit cards (Visa, Mastercard, American Express) are widely accepted in hotels, restaurants, and larger retail stores in Sri Lanka’s main cities. However, smaller shops and rural areas may prefer cash payments, so carrying sufficient local currency is advisable.
ATMs: ATMs are widely available in major towns and cities across Sri Lanka. Most ATMs accept international cards and offer the option to withdraw cash in LKR. Be aware that international withdrawals may come with additional fees imposed by your bank.
Tips for Currency Exchange in Sri Lanka
Exchange small amounts at a time: Due to fluctuations in exchange rates, it’s better to exchange smaller amounts as you need them.
Keep receipts: When exchanging currency, ensure you receive a receipt. You’ll need this if you plan to exchange LKR back into your home currency before leaving the country.
Avoid street money changers: For safety and to avoid scams, always exchange money at authorized and licensed exchange outlets.
Tipping in Sri Lanka
While tipping is not compulsory, it is often appreciated. In hotels, restaurants, and for services like tour guides or drivers, a 5-10% tip is customary. Make sure you have small denominations of local currency for this purpose.
