Exchange rate trend in last week: Sri Lankan Rupees to US Dollar (14-16 May, 2025)

 

Exchange rate trend in last week: Sri Lankan Rupees to US Dollar (14-16 May, 2025)  (Analysis by Deveconomics)

The average exchange rate last week (14 May 2025 to 16 May 2025- 2 public holidays were in last week) was Rs.298.71/USD. The recorded maximum value was Rs.298.92/USD, and the recorded minimum was Rs.298.51/USD. The gap between the maximum and minimum values was 0.41. The average value of the exchange rate in the previous week (ending on 09 May 2025) was Rs 299.45/USD, and the gap between the minimum and maximum values was 0.23. Although there is no visible change in the weekly average value of the exchange rate last week in comparison to the previous week, the Sri Lankan Rupee has become strong marginally. However, in comparison to the previous week, the gap between maximum and minimum values has widened by 82 per cent.

The average daily exchange rate for a one-year period from 15.05.2024 to 16.05.2025 was Rs.297.82/USD. A period of a month is considered from 21.04.2025 to 16.05.2025; the average exchange rate was Rs.299.40/USD.

Charts

1.Movement of Daily Exchange Rate from 15.05.2024 to 16.05.2025

2.Movement of Daily Exchange Rate from 21.04.2025 to 16.05.2025

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The global economy will shrink in 2025

 

The global economy will shrink in 2025

As per the new report issued by IMF in April 2025, the world economic growth rate for 2025 will be 2.8 percent.  This a 0.4 percent reduction than the actual world economic growth rate of 3.2 percent in 2024. Especially, growth reductions in advanced economies in 0.3 percent, emerging market and developing economies in 0.5% are expected. Further, 1 percent growth reduction in USA, 0.8 percent growth reduction in China were predicted. The extra ordinary growth reduction is expected from Russia (2.3 percent), Mexico (2.1 percent) and Brazil (1.7 percent). The economies in euro area and sub-Saharan Africa will not grow. Further, it is expected an economic growth in Germany (0.2 percent), Japan (0.8 percent), United Kingdom (0.2percent), Canada (0.1 percent), Saudi Arabia (1.6 percent) and South Africa (0.2 percent).In addition to that, growth reductions of 0.7 percent in emerging and Developing Asia, 0.9 percent in Emerging and Developing Europe, 0.5 percent in Emerging Market and Middle Income Countries are expected.

(Analysis by Deveconomics)

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