Nepal Rastra Bank (NRB) has announced the exchange rates for foreign currencies for today. The central bank’s exchange rates indicate the value of various international currencies against the Nepalese rupee. This update is critical for both individuals and businesses involved in foreign trade, travel, and remittances, as it directly influences the cost of foreign goods and services.
According to NRB’s announcement, the exchange rate for the US Dollar (USD) has been set at NPR 136.84 for buying and NPR 137.44 for selling. This means that individuals or businesses wishing to purchase US dollars will have to pay NPR 137.44 per dollar, while the bank will offer NPR 136.84 for each dollar sold.
For the Euro (EUR), the buying rate is set at NPR 154.49, while the selling rate is NPR 155.17. This means the value of one Euro is approximately NPR 154.49 for buying and NPR 155.17 for selling. Similarly, the British Pound Sterling (GBP) has a buying rate of NPR 182.22 and a selling rate of NPR 183.02. The Swiss Franc (CHF) will exchange at NPR 165.71 for buying and NPR 166.43 for selling, showing a relatively strong exchange rate against the Nepalese rupee.
Other major currencies are also included in the list released by NRB. The Australian Dollar (AUD) has a buying rate of NPR 87.78 and a selling rate of NPR 88.17, while the Canadian Dollar (CAD) will exchange at NPR 98.55 for buying and NPR 98.98 for selling. The Singapore Dollar (SGD) has a buying rate of NPR 105.52 and a selling rate of NPR 105.98, reflecting the exchange value of the Singapore Dollar in Nepal.
For the Japanese Yen (JPY), the exchange rates are slightly different, with NPR 9.45 for buying and NPR 9.49 for selling per 10 yen. Similarly, the Chinese Yuan (CNY) has a buying rate of NPR 18.91 and a selling rate of NPR 18.99, indicating a stable exchange rate for the neighboring country’s currency.
The Middle Eastern currencies have also been provided with their exchange rates. For example, the Saudi Riyal (SAR) will exchange at NPR 36.48 for buying and NPR 36.64 for selling, while the Qatari Riyal (QAR) has a buying rate of NPR 37.54 and a selling rate of NPR 37.70.
The rates for other currencies in the Southeast Asian and European regions are also as follows: the Thai Baht (THB) is priced at NPR 4.17 for buying and NPR 4.19 for selling; the UAE Dirham (AED) has a buying rate of NPR 37.26 and a selling rate of NPR 37.42. The Malaysian Ringgit (MYR) will exchange at NPR 31.96 for buying and NPR 32.10 for selling.
The South Korean Won (KRW) has a buying rate of NPR 9.77 for every 100 won and a selling rate of NPR 9.82. Meanwhile, the Swedish Krona (SEK) and the Danish Krone (DKK) are priced at NPR 14.16 and NPR 20.71 for buying, respectively, while the selling rates are NPR 14.22 and NPR 20.80.
Hong Kong Dollar (HKD) is set at NPR 17.61 for buying and NPR 17.69 for selling, while the Kuwaiti Dinar (KWD) is significantly higher, with a buying rate of NPR 446.27 and a selling rate of NPR 448.23. Similarly, the Bahraini Dinar (BHD) and the Omani Rial (OMR) have their rates set at NPR 362.96 and NPR 355.44 for buying, respectively.
In the case of Indian Rupees (INR), the rate for 100 rupees is fixed at NPR 160.00 for buying and NPR 160.15 for selling, reflecting the close ties between Nepal and India, both in terms of trade and daily transactions. It is important to note that the central bank has clarified that these exchange rates can be revised at any time based on economic conditions and market requirements. Therefore, the public is advised to stay updated with the latest exchange rates provided by Nepal Rastra Bank. These updated rates can be checked on the official NRB website or through the banking channels.
While the NRB sets the official rates, commercial banks may have different buying and selling rates. This means that the rates provided by your local bank could differ slightly from the official exchange rates, and it is essential to verify with the bank before engaging in any foreign currency transactions.
The exchange rate adjustments play a vital role in the daily functioning of Nepal’s economy, influencing everything from imports and exports to remittances and travel. With the NRB’s daily updates, businesses and individuals involved in international finance are given a reliable source for managing their foreign currency needs. However, it is always prudent to stay updated on the fluctuating rates and to consult with the banks for the most accurate and current information. The stability of the Nepalese rupee in the face of global currency movements will continue to depend on a variety of internal and external economic factors, requiring regular monitoring from both the public and financial institutions.
