The Nepal Rastra Bank (NRB), the central bank of Nepal, has published the official foreign currency exchange rates for today, providing updated buying and selling rates for a wide range of international currencies. These rates serve as a guideline for financial institutions and the general public and are a crucial reference for businesses engaged in international trade, remittances, and foreign exchange transactions.
According to the rates issued by the NRB, the buying rate of the United States Dollar (USD) stands at NPR 135.04, while the selling rate is NPR 135.64. The USD continues to be one of the most actively traded currencies in Nepal, heavily influencing both remittance flows and import-export transactions.
The exchange rate for the European Euro (EUR) has been set at NPR 153.13 for buying and NPR 153.81 for selling. Similarly, the British Pound Sterling (GBP) has been valued at NPR 179.55 for buying and NPR 180.35 for selling. These strong European currencies are commonly used in foreign trade and overseas employment payments and are frequently exchanged through banking channels.
Switzerland’s currency, the Swiss Franc (CHF), has been fixed at a buying rate of NPR 163.91 and a selling rate of NPR 164.64. The Swiss Franc, though less commonly exchanged than the Euro or Dollar, still plays a role in personal remittances and banking reserves.
Among other major currencies, the Australian Dollar (AUD) is being bought at NPR 86.91 and sold at NPR 87.30, while the Canadian Dollar (CAD) is priced at NPR 97.71 for buying and NPR 98.14 for selling. These currencies are popular among individuals who have migrated for education or employment purposes, particularly in Australia and Canada.
The Singapore Dollar (SGD), another widely traded currency due to Nepal’s growing business and migrant population ties with Southeast Asia, is set at a buying rate of NPR 104.19 and a selling rate of NPR 104.66.
In Asian currencies, the Japanese Yen (JPY), measured in units of 10, is trading at NPR 9.35 for buying and NPR 9.39 for selling. The Chinese Yuan (CNY), a crucial currency for trade with Nepal’s northern neighbor, is being exchanged at NPR 18.57 for buying and NPR 18.65 for selling.
Similarly, the Saudi Arabian Riyal (SAR) is listed at NPR 36.01 for buying and NPR 36.17 for selling. Given the large number of Nepali migrant workers in Saudi Arabia, this currency remains highly significant for the remittance sector.
The exchange rate for the Qatari Riyal (QAR) has been fixed at NPR 37.05 for buying and NPR 37.21 for selling. Qatar is another major destination for Nepali workers, making this currency relevant in the remittance and banking sectors.
Among other regional currencies, the Thai Baht (THB) is priced at NPR 4.09 for buying and NPR 4.11 for selling. The United Arab Emirates Dirham (AED) has been fixed at NPR 36.77 for buying and NPR 36.93 for selling. The Malaysian Ringgit (MYR), another important currency due to the Nepali migrant population in Malaysia, is trading at NPR 31.69 for buying and NPR 31.83 for selling.
In terms of East Asian currencies, the South Korean Won (KRW), quoted per 100 units, is set at NPR 9.65 for buying and NPR 9.69 for selling. The Swedish Krona (SEK) has been fixed at NPR 13.99 for buying and NPR 14.06 for selling, while the Danish Krone (DKK) is trading at NPR 20.52 for buying and NPR 20.61 for selling.
For international banking and high-value exchange, the Hong Kong Dollar (HKD) is being bought at NPR 17.42 and sold at NPR 17.50. The Kuwaiti Dinar (KWD), the highest-valued currency on the list, is being exchanged at NPR 440.34 for buying and NPR 442.30 for selling. This currency is particularly significant given the number of skilled Nepali workers employed in Kuwait.
Similarly, the Bahraini Dinar (BHD) is trading at NPR 358.18 for buying and NPR 359.77 for selling. The Omani Riyal (OMR) has been set at NPR 350.76 for buying and NPR 352.32 for selling, further reflecting the importance of Gulf countries in Nepal’s labor migration economy.
Meanwhile, the Indian Rupee (INR), Nepal’s closest and most commonly used foreign currency, is being exchanged at NPR 160.00 for buying and NPR 160.15 for selling per 100 units. Given the open border and economic interdependence between Nepal and India, this rate directly affects daily transactions, including tourism, import-export, and cross-border trade.
The central bank has also clarified that these exchange rates are subject to change at any time based on fluctuations in the global foreign exchange market. Commercial banks and money exchange institutions may offer slightly different rates depending on market demand and supply conditions. However, the NRB’s official rates are regarded as the baseline for daily transactions and are made available to the public through its official website.
According to the NRB, these daily exchange rates are designed to help maintain transparency in financial operations and provide a uniform benchmark across Nepal’s banking sector. The bank has encouraged users to regularly check its website for updated rates and any immediate changes influenced by international market movements.
As Nepal continues to deepen its engagement in the global economy through trade, remittances, tourism, and foreign investment, the timely dissemination of foreign exchange rates remains vital. The daily updates by the Nepal Rastra Bank play a crucial role in ensuring confidence and clarity in Nepal’s monetary environment.
