exchange rate
The Central Bank sets the value of the Seychelles Ruppe by weights of the currencies in the Seychelles Trade and Tourism Weighted Basket (STTWB). The new revised basket is shown in this table, the exchange rate given is an everage and is supposed to be annonced by the Central Bank twice a week.
| Currency | Weights (%) | average rate | |
|
Euro
|
37.7 | 5,20 | |
|
US Dollar
|
25.7 | 4.80 | |
|
UK Sterling
|
15.7 | 7.50 | |
|
South African Rand
|
10.5 | 0.60 | |
|
Singapore Dollar
|
7.7 | 2.80 | |
|
Japanese Yen
|
2.7 | 0.04 | |
|
|
100.0 (%)
|
-
|
The revision was effected to reflect the significant changes in tourism and trade patterns over the past three years. The basket was also revised to incorporate the Euro, the common currency of the European Monetary Union countries. In light of this, the weights of three Euro-zone currencies, namely Italian lira, German mark and French franc, have been incorporated into the Euro weight. Thus, the STTWB now comprises of six currencies instead of the previous eight.
| 10 R | 25 R | 50 R | 100 R | security | ||
| current notes |
||