Money Changers with Best Exchange Rates in Colombo

Colombo Travel Guides / March 25, 2017
Money Changers with Best Exchange Rates in Colombo Image credit: Swiss Money Exchange

The currency of Sri Lanka is called the Sri Lankan Rupee (LKR). 1 LKR is equivalent to 100 cents. Banknotes are issued in denominations of 10, 20, 50, 100, 200, 500 and 1000 LKR. Coins are available in 5, 10, 25 and 50 cents, as well as 1, 2, 5 and 10 LKR.

Most of the money changers in Colombo are clustered together on busy streets in commercial districts, making it easy for customers to walk from shop to shop and compare rates.

To get the best rates, visit the famous currency exchange shops on Galle Road: Maruthi Money Exchange, Prasanna Money Exchange, and Swiss Money Exchange (Address, contact, and opening hours are listed below).

Other recommended money changers are located on York Street, Mudalige Mawatha Road, and Sea Street.

Those who bring traveler’s cheques along can exchange them at the banks as these cheques are not accepted or exchanged at most forex shops.

1. Money Changers on Galle Road

Money Changers on Galle Road Image credit: Maruthi Money Exchange

Galle Road, one of the major roads in Colombo, is where you can find popular tourist landmarks like Galle Face Green and Galle Face Hotel.

The money changers along Galle Road are located at the inner suburb of Wellawatte, near Wellawatte Mosque and Wellawatte Public Market.

Most of these forex shops are open daily until 20:00.

Recommended money changers
1) Maruthi Money Exchange

  • This forex shop is in front of Wellawatte Police Station
  • Address: 285 Galle Rd, Colombo 00600, Sri Lanka
  • Phone: +94 11 2 362086
  • Opening hours: Daily 08:00 – 20:00

2) Prasanna Money Exchange

  • This forex shop is 3 minutes on foot from Wellawatte Bridge
  • Address: 57 Galle Road, Colombo 00600, Sri Lanka
  • Phone: +94 11 2 591420
  • Opening hours: Daily 08:00 – 20:00

3) Swiss Money Exchange

  • Located across Wellawatte Jumma Mosque
  • Address: 87 Galle Road, Wellawatte, Colombo 00600, Sri Lanka
  • Phone: +94 11 2 555551
  • Opening hours: Monday to Saturday 09:00 – 19:30

4) Royal Money Exchange

  • Located right beside Prasanna Money Exchange
  • Address: 55 Galle Road, Colombo 00600, Sri Lanka
  • Phone: +94 11 2 587107
  • Opening hours: Daily 08:00 – 20:00

2. Money Changers on York Street

Money Changers on York Street Image credit: Swiss Money Exchange

York Street is a short commercial street near the Presidential Palace and Gordon Gardens. It is also within walking distance from Pettah World Market.

All the popular money changers on York Street are strategically located in the same building. This is very convenient for those who want to compare rates before choosing a service to go with.

This building is just 3 minutes on foot from the Presidential Palace. Note that all of the money changers in this area are closed on Sundays.

Recommended money changers
1) Royal Money Exchange

  • Address: 51/C York St, Colombo 00100, Sri Lanka
  • Phone: +94 11 2 331824
  • Opening hours: Monday to Friday 09:00 – 18:00, Saturday 09:00 – 16:00

2) Swiss Money Exchange

  • Address: 51-B York St, Colombo 00100, Sri Lanka
  • Phone: +94 11 2 445538
  • Opening hours: Monday to Saturday 09:00 – 18:00*

3) International Exchange

  • Address: 53-B York St, Colombo 00100, Sri Lanka
  • Phone: +94 11 2347331
  • Opening hours: Monday to Saturday 09:00 – 18:00*

4) Windsor Money Changer

  • Address: 55 York St, Colombo 00100, Sri Lanka
  • Phone: +94 11 2421328
  • Opening hours: Monday to Saturday 09:00 – 18:00*

5) Kamal Money Exchange

  • Address: 57-A York St, Colombo 00100, Sri Lanka
  • Phone: +94 11 486 3720
  • Opening hours: Monday to Saturday 09:00 – 18:00*

3. Money Changers on Mudalige Mawatha Road

Money Changers on Mudalige Mawatha Road Image credit: Amalan Meganathan

Mudalige Mawatha Road is just a short walk from York Street, and is only 2 minutes on foot from the Presidential Palace. It stretches perpendicular to Janadhipathi Mawatha, the road fronting the Presidential Palace.

There are several good money changers in Mudalige Mawatha Road that are recommended below.

Recommended money changers
1) Crown Money Exchange

  • Address: 56 Mudalige Mawatha Rd, Colombo, Sri Lanka
  • Phone: +94 11 486 3720
  • Opening hours: Monday to Saturday 09:00 – 18:00*

2) Golden Money Changers

  • Address: 41 Mudalige Mawatha Rd, Colombo, Sri Lanka
  • Phone: +94 11 2 451070
  • Opening hours: Monday to Saturday 09:00 – 18:00*

3) Prasanna Money Exchange

  • Address: 42-A Mudalige Mawatha Rd, Colombo, Sri Lanka
  • Phone: +94 11 243 9284
  • Opening hours: Monday to Saturday 09:00 – 18:00*

4. Money Changers on Sea Street

Money Changers on Sea Street Image credit: Typedmass

Sea Street is a mile-long busy narrow street that stretches from Gas Works Junction, near the Old Town Hall Market, to St. Thomas Church. It is popularly known as the gold market of Sri Lanka for its string of jewelry shops.

Some of these jewelry shops, like Ravi Jewellers and Daya Palace, also offer currency exchange service. Arrujina Money Exchange, on the other hand, is an independent money changer also located in Sea Street.

All of these forex shops are closed on Sundays.

Recommended money changers
1) Ravi Jewellers & Money Changer

  • This shop is just 4 minutes on foot from the Old Town Hall Market
  • Address: 115 Sea St, Colombo, Sri Lanka
  • Phone: +94 77 737 3337
  • Opening hours: Monday to Saturday 09:30 – 18:30

2) Arrujina Money Changer

  • This shop is just 3 minutes on foot from the Old Town Hall Market
  • Address: 42 Sea St, Colombo, Sri Lanka
  • Phone: +94 11 2 435361
  • Opening hours: Monday to Saturday 09:00 – 18:30

3) Daya Palace Jewellers

  • This shop is just 2 minutes on foot from Sri Muthu Vinayakar Swamy Kovil temple
  • Address: 112 Sea St, Colombo, Sri Lanka
  • Phone: +94 11 2320345
  • Opening hours: Monday to Saturday 09:30 – 18:30*

5. Keyzer Exchange at Keyzer Street

Keyzer Exchange at Keyzer Street Image credit: Typedmass

Keyzer Street is a short commercial street that stretches from the Old Town Hall Market to Pettah Market.

Keyzer Exchange, the lone money changer on Keyzer street, is a convenient place to stock up Sri Lankan rupees quickly for shopping at the above two markets.

The shop is just 4 minutes on foot from the Old Town Hall Market.

Shop information

  • Address: 147 Keyzer St., Colombo, Sri Lanka
  • Phone: +94 11 245 9139
  • Opening hours: Monday to Friday 09:30 – 18:00