MVS to LKR Converter and calculator


Conversion rates
Convert MVS to LKR
Convert LKR to MVS
MVS to LKR chart
MVS to LKR conversion data: Volatility and price changes of Multiverse in LKR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.009176 LKR | 0.009176 LKR | 0.009288 LKR | 0.009665 LKR |
Low | 0.009125 LKR | 0.009125 LKR | 0.009125 LKR | 0.009125 LKR |
Average | 0 LKR | 0 LKR | 0 LKR | 0 LKR |
Volatility | % | % | % | % |
Change | +0.07% | -0.43% | -1.71% | -5.22% |
Multiverse information
MVS to LKR market statistics
Current MVS to LKR exchange rate
Multiverse to Sri Lankan Rupee is falling this week.More info about Multiverse on Bitget
Sri Lankan Rupee information
About Sri Lankan Rupee (LKR)
The Sri Lankan Rupee (LKR), established in 1885, is more than just the monetary unit of Sri Lanka; it represents the nation's rich cultural heritage and its evolving economic landscape. It is commonly abbreviated as LKR and represented by the symbol Rs. As a key player in Sri Lanka's economic activities, the Rupee has witnessed the country's journey from a colonial past to an independent nation striving for economic growth and stability.
Historical Background
The introduction of the Sri Lankan Rupee marked a significant shift from the British Indian Rupee, aligning with Sri Lanka's (then Ceylon) transition towards economic self-sufficiency. This change was part of the broader colonial policy but later became a symbol of national identity after Sri Lanka gained independence in 1948.
Design and Symbolism
The design of the Sri Lankan Rupee is a vivid reflection of the country's diverse flora and fauna, historical landmarks, and figures who have shaped its history. The notes and coins feature images of ancient kings, renowned figures, native wildlife, and significant cultural and natural sites. These elements are not just decorative; they are imbued with the nation's story and pride.
Economic Role
The Rupee plays a central role in Sri Lanka’s economy, which is characterized by its tea, rubber, and coconut exports, along with a growing tourism industry and remittances from overseas workers. As the primary medium of exchange, it facilitates trade and transactions within these sectors, underpinning the country's economic activity.
Monetary Policy and Inflation
Managed by the Central Bank of Sri Lanka, the Rupee has faced challenges including inflation and depreciation, particularly in times of political and economic instability. The bank’s monetary policies aim to stabilize the currency, which is crucial for maintaining economic confidence and attracting foreign investment.
International Trade and the Sri Lankan Rupee
The value of the Rupee is significant in international trade, particularly for Sri Lanka's exports like textiles and tea. A stable Rupee is important for maintaining competitive export prices and attracting foreign direct investment.
Remittances and Economic Impact
Remittances from the Sri Lankan diaspora, especially from the Middle East and Europe, are a significant source of foreign income. These remittances, converted into Rupees, play a substantial role in supporting families and contributing to the national economy.
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MVS to LKR Conversion tables
Amount | 10:43 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MVS | Rs0.004573 | Rs0.004569 | +0.07% |
1 MVS | Rs0.009145 | Rs0.009138 | +0.07% |
5 MVS | Rs0.04573 | Rs0.04569 | +0.07% |
10 MVS | Rs0.09145 | Rs0.09138 | +0.07% |
50 MVS | Rs0.4573 | Rs0.4569 | +0.07% |
100 MVS | Rs0.9145 | Rs0.9138 | +0.07% |
500 MVS | Rs4.57 | Rs4.57 | +0.07% |
1000 MVS | Rs9.15 | Rs9.14 | +0.07% |
MVS to LKR FAQ
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