The University of Colombo currently has two study abroad and exchange programs for undergraduates with the University of Justus Liebig, Giessen, Germany and La Trobe University, Australia. Under the MoUs with these two universities, students from the University of Colombo are able to study abroad for the duration of one semester. Likewise, Students from Giessen and La Trobe are able to follow courses offered by the University of Colombo.

Faculty and Research exchange takes place on a number of other exchange agreements between the University of Colombo and many foreign Universities.