The Nepal Rastra Bank (NRB), the central bank of Nepal, has published the official foreign exchange rates for various international currencies effective today. The bank has released both the buying and selling rates for multiple foreign currencies, which serve as a reference for commercial banks and financial institutions operating within the country.
Nepal Rastra Bank’s Exchange Rate
According to the NRB, the exchange rate for one US Dollar stands at NPR 136.52 for buying and NPR 137.12 for selling. The Euro, another widely traded currency, is priced at NPR 154.07 for buying and NPR 154.75 for selling. The British Pound Sterling has been set at NPR 183.86 for buying and NPR 184.67 for selling. Similarly, the Swiss Franc’s buying rate has been determined at NPR 164.96 and the selling rate at NPR 165.68.
In terms of other major currencies, the Australian Dollar is being traded at NPR 87.87 for buying and NPR 88.26 for selling. The Canadian Dollar has been set at NPR 98.70 and NPR 99.14 respectively. The Singapore Dollar is being exchanged at NPR 105.84 for buying and NPR 106.30 for selling. These rates are essential benchmarks for financial transactions, including imports, exports, travel, and remittances.
Moving to Asian currencies, the Japanese Yen, calculated per 10 units, has a buying rate of NPR 9.42 and a selling rate of NPR 9.46. The Chinese Yuan is available at NPR 18.99 for buying and NPR 19.07 for selling. The Saudi Arabian Riyal stands at NPR 36.39 for buying and NPR 36.55 for selling. Similarly, the Qatari Riyal has been fixed at NPR 37.46 for buying and NPR 37.62 for selling.
The exchange rate for the Thai Baht is NPR 4.17 for buying and NPR 4.19 for selling. The United Arab Emirates Dirham is being traded at NPR 37.17 and NPR 37.33 respectively. Malaysia’s Ringgit is set at NPR 32.17 for buying and NPR 32.31 for selling. The South Korean Won, in units of 100, is being exchanged at NPR 9.93 and NPR 9.97. Meanwhile, the Swedish Krona stands at NPR 14.17 for buying and NPR 14.23 for selling, and the Danish Krone at NPR 20.66 and NPR 20.75 respectively.
Other prominent Middle Eastern currencies are also included in today’s update. The Hong Kong Dollar is valued at NPR 17.41 for buying and NPR 17.49 for selling. The Kuwaiti Dinar, one of the highest-valued currencies in the world, is set at NPR 444.60 for buying and NPR 446.56 for selling. The Bahraini Dinar has been determined at NPR 362.12 for buying and NPR 363.71 for selling. Likewise, the Omani Riyal is set at NPR 354.62 and NPR 356.18.
Among regional currencies, the Indian Rupee holds its consistent value, with 100 Indian Rupees set at NPR 160.00 for buying and NPR 160.15 for selling. As India is Nepal’s largest trading partner and neighbor, the value of the Indian Rupee has substantial significance in Nepal’s economy, particularly for cross-border trade, remittances, and tourism.
The Nepal Rastra Bank has clarified that these rates are indicative reference rates and may be revised at any time depending on the volatility in the international market. The bank also noted that commercial banks are authorized to set their own exchange rates for transactions, which may differ slightly from the central bank’s fixed rates. For the most up-to-date information, the NRB advises checking its official website, where live updates on foreign exchange rates are regularly published.
The foreign exchange rate is a critical component in Nepal’s financial and economic landscape, particularly given the country’s high reliance on remittances, international trade, and tourism. Accurate and timely updates from the NRB help businesses and individuals plan financial activities more effectively and foster transparency in the financial system.
As Nepal continues to expand its international financial interactions, the regular dissemination of updated foreign exchange rates plays an essential role in maintaining market confidence and promoting stable economic growth. With fluctuations in global markets influenced by geopolitical tensions, inflation trends, and monetary policy shifts, the NRB’s active role in monitoring and updating exchange rates helps in mitigating risks and ensuring financial stability in the country.
Today’s foreign exchange rates published by the Nepal Rastra Bank serve as an important benchmark for individuals and institutions engaged in foreign currency transactions. While the central bank provides an official guideline, market participants are advised to consult their respective commercial banks for transaction-specific rates and updates.
