Nepal Rastra Bank (NRB), the central monetary authority of Nepal, has published the foreign exchange rates for today, providing official benchmarks for currency conversion. The exchange rates, crucial for international trade, tourism, remittance inflows, and banking transactions, reflect daily fluctuations influenced by global market trends.
U.S. Dollar Tops the Chart: Buying at NPR 138.46, Selling at NPR 139.06
The American dollar continues to remain one of the most closely monitored currencies in Nepal’s foreign exchange market. According to NRB, the buying rate for one U.S. dollar has been fixed at NPR 138.46, while the selling rate stands at NPR 139.06. These rates are significant for importers, exporters, and foreign exchange institutions operating across the country.
Euro, Pound Sterling, and Swiss Franc Maintain Strong Positions
Among the European currencies, the Euro remains strong with a buying rate of NPR 159.00 and a selling rate of NPR 159.69. Similarly, the UK Pound Sterling commands even higher value in the market, with a buying rate of NPR 186.04 and a selling rate of NPR 186.85.
The Swiss Franc also holds a competitive position, with its buying rate fixed at NPR 169.35 and selling rate at NPR 170.08. These rates reflect the strength of European economies and their influence on global exchange dynamics.
Prominent Asian Currencies: Chinese Yuan, Japanese Yen, and Saudi Riyal
Nepal has growing trade and diplomatic ties with many Asian countries, and the exchange rates of their currencies are equally significant. The Chinese Yuan stands with a buying rate of NPR 19.26 and selling rate of NPR 19.35, while the Japanese Yen (for 10 yen) is being traded at NPR 9.51 (buying) and NPR 9.55 (selling).
The Saudi Arabian Riyal, a major currency due to remittance inflows from Nepali workers in the Middle East, is trading at NPR 36.90 for buying and NPR 37.06 for selling. The Qatari Riyal is slightly higher, with a buying rate of NPR 37.98 and selling rate of NPR 38.15.
Australia, Canada, and Singapore: Pacific Currencies Steady
From the Pacific region, the Australian Dollar is trading at NPR 89.60 (buying) and NPR 89.99 (selling), while the Canadian Dollar has been fixed at NPR 101.03 (buying) and NPR 101.47 (selling). Meanwhile, the Singapore Dollar, crucial for Southeast Asia-bound transactions, stands at NPR 107.51 for buying and NPR 107.98 for selling.
South Asian and Middle Eastern Heavyweights
Given Nepal’s socio-economic links with the Middle East and South Asia, currencies like the Kuwaiti Dinar, Omani Riyal, and Bahraini Dinar play an important role. Today’s exchange rate for the Kuwaiti Dinar is set at NPR 451.95 (buying) and NPR 453.91 (selling), making it the most valuable currency on the list. The Omani Riyal follows at NPR 359.61 (buying) and NPR 361.17 (selling), and the Bahraini Dinar is close behind at NPR 367.07 (buying) and NPR 368.66 (selling).
The Indian Rupee, which is not freely traded but widely used due to cross-border economic ties, is set at NPR 160.00 (buying) and NPR 160.15 (selling) for 100 Indian Rupees.
Other Asian Currencies and Lesser-Traded Units
Among other currencies, the Thai Baht is relatively weaker, trading at NPR 4.22 (buying) and NPR 4.24 (selling). The UAE Dirham, another key Middle Eastern currency, is priced at NPR 37.70 (buying) and NPR 37.87 (selling).
The Malaysian Ringgit is at NPR 32.50 (buying) and NPR 32.64 (selling), reflecting its moderate economic ties with Nepal. The South Korean Won, for 100 units, is priced at NPR 10.03 for buying and NPR 10.07 for selling.
From the Scandinavian region, Swedish Kroner is available at NPR 14.36 (buying) and NPR 14.43 (selling), while the Danish Kroner trades at NPR 21.32 (buying) and NPR 21.41 (selling). Meanwhile, the Hong Kong Dollar is pegged at NPR 17.64 (buying) and NPR 17.71 (selling).
Flexibility and Disclaimer by Central Bank
The Nepal Rastra Bank has clearly stated that these rates are subject to revision at any time depending on market dynamics and foreign currency liquidity. While NRB provides these reference rates, individual commercial banks in Nepal may set slightly different rates based on demand-supply conditions and their internal policies. Furthermore, the most updated and official foreign exchange rates are published on the NRB’s website, ensuring transparency and accessibility for all market participants.
The daily foreign exchange rates published by Nepal Rastra Bank provide a critical insight into the country’s international financial dealings. With the growing number of Nepalis working abroad and increasing global interactions in trade and tourism, exchange rate updates have become an essential part of Nepal’s economic operations.
Businesses, travelers, remittance beneficiaries, and currency traders closely watch these updates to plan and execute their transactions effectively. As the global market continues to fluctuate, stakeholders in Nepal’s economy remain dependent on the NRB’s official rates to guide their foreign exchange activities.
