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EXCHANGE RATE PREDICTION: 2022

 
 
 
 

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » EXCHANGE RATE PREDICTION - 2022

EXCHANGE RATE PREDICTION - 2022

3 posters

EXCHANGE RATE PREDICTION: 2022

1 US$ = LKR 300
 
1 US$ = LKR 350
 
1 US$ = LKR 400
 
1 US$ = LKR 450+
 

This poll ends in 176 day(s)

Go down  Message [Page 1 of 1]

1EXCHANGE RATE PREDICTION - 2022 Empty EXCHANGE RATE PREDICTION - 2022 Wed Apr 13, 2022 1:05 pm

God Father


Manager - Equity Analytics
Manager - Equity Analytics

What would be the likely USD/LKR Exchange Rate by 31st December 2022.
Please cast your vote.

The Singalese rupee has lost more than a third of its value since the central bank implemented a flexible exchange rate policy on March 8th, trading around 310 per USD and becoming the worst performing currency in the world amid the island nation’s worst-ever economic and political crisis. Sri Lanka is on the verge of defaulting, after several downgrades in ratings agencies has shut the government out of international debt markets and left it to use foreign exchange reserves to pay for imports and meet its financial obligations. Also, the government’s entire cabinet resigned in the first days of April, making it harder to reach a deal with the IMF. The economy has been hit hard by the lack of revenues from the tourism sector, and its heavy reliance on imports means it’s significantly exposed to the globally rising commodity and energy prices, which have combined to accelerate the declining in FX reserves.


EXCHANGE RATE PREDICTION - 2022 Usdlkr10

Forecast

EXCHANGE RATE PREDICTION - 2022 Screen72

2EXCHANGE RATE PREDICTION - 2022 Empty Re: EXCHANGE RATE PREDICTION - 2022 Thu Apr 14, 2022 11:24 am

reyaz

reyaz
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

It is the Sri Lankan Rupee, it wil  stabilize soon in the coming weeks.

3EXCHANGE RATE PREDICTION - 2022 Empty Re: EXCHANGE RATE PREDICTION - 2022 Thu Apr 14, 2022 12:27 pm

target1


Manager - Equity Analytics
Manager - Equity Analytics

After current abnormal rapid rise, Rupee  will fall back to $235-250. Wait and see. Under the general equilibrium model and rising rates, it has to go to $200. Contrarians are selling $$$ ; speculators are buying $$$$. Similar to stock market. Contrarians  are looking for big bargain in the market.

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