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How would this work without sharing where you’re located to exchange it
Hey, I live in Colombo, so if you were to come this side I can visit you at the hotel lobby or where ever you’re comfortable with. Also I can withdraw from the hotel ATM
Given the volatility in the last week with the depreciation, it would seem somewhat risky and unnecessary to convert to LKR in advance of a trip. I would think a tourist would benefit more from converting while there? Maybe OP can clarify.
M1, I believe because the previous rate was fixed at a worse rate, use of ATMs would lead to poor conversion rates and black market rates were better due to currency controls. That discrepancy should be less wide now.
Yes, you are correct!