Nepal Rastra Bank, the central bank of Nepal, has set the foreign currency exchange rates for today. According to the announcement, the buying rate of the US Dollar (USD) is fixed at NPR 137.27, while the selling rate is NPR 137.87. These rates serve as a benchmark for commercial banks and financial institutions throughout Nepal.
Nepal Rastra Bank Exchange Rates
For the European Euro (EUR), the bank has determined the buying rate at NPR 159.36 and the selling rate at NPR 160.05. Meanwhile, the British Pound Sterling (GBP) has been set at a buying rate of NPR 186.91 and a selling rate of NPR 187.73. The Swiss Franc (CHF) is valued with a buying rate of NPR 169.62 and a selling rate of NPR 170.36.
In the Asia-Pacific currency group, the Australian Dollar (AUD) has a buying rate of NPR 89.40 and a selling rate of NPR 89.79. The Canadian Dollar (CAD) is set at a buying rate of NPR 100.09 and a selling rate of NPR 100.53, while the Singapore Dollar (SGD) has been fixed at a buying rate of NPR 107.25 and a selling rate of NPR 107.72.
The Japanese Yen (JPY), quoted for 10 units, is priced at a buying rate of NPR 9.47 and a selling rate of NPR 9.51. For the Chinese Yuan (CNY), the buying rate is NPR 19.14 and the selling rate is NPR 19.22.
Currencies from the Middle East also have their rates determined by the central bank. The Saudi Arabian Riyal (SAR) has a buying rate of NPR 36.59 and a selling rate of NPR 36.75, while the Qatari Riyal (QAR) stands at a buying rate of NPR 37.66 and a selling rate of NPR 37.83.
In addition, the bank has set the Thai Baht (THB) with a buying rate of NPR 4.20 and a selling rate of NPR 4.22. The United Arab Emirates Dirham (AED) is priced at a buying rate of NPR 37.38 and a selling rate of NPR 37.54, whereas the Malaysian Ringgit (MYR) has a buying rate of NPR 32.34 and a selling rate of NPR 32.49. The South Korean Won (KRW), quoted for 100 units, is set at a buying rate of NPR 10.10 and a selling rate of NPR 10.14.
European currencies such as the Swedish Krona (SEK) and the Danish Krona (DKK) have also been given specific rates. The Swedish Krona has a buying rate of NPR 14.40 and a selling rate of NPR 14.46, while the Danish Krona has a buying rate of NPR 21.36 and a selling rate of NPR 21.46.
Other currencies include the Hong Kong Dollar (HKD) with a buying rate of NPR 17.49 and a selling rate of NPR 17.56. The Kuwaiti Dinar (KWD) commands a buying rate of NPR 448.96 and a selling rate of NPR 450.92. The Bahraini Dinar (BHD) is priced at a buying rate of NPR 364.01 and a selling rate of NPR 365.61. The Omani Rial (OMR) stands at a buying rate of NPR 356.52 and a selling rate of NPR 358.08. Additionally, the Indian Rupee (INR), quoted for 100 units, has a buying rate of NPR 160.00 and a selling rate of NPR 160.15.
Nepal Rastra Bank has emphasized that these foreign exchange rates are subject to change and can be revised at any time according to market conditions and the bank’s assessment. The rates set by the central bank act as a guideline, but commercial banks may offer different exchange rates based on their policies and prevailing market demand and supply.
For transparency and convenience, Nepal Rastra Bank updates these rates regularly, and the latest foreign exchange rates are made available on its official website. This helps ensure that both individual customers and businesses stay informed about current currency values.
The determination of exchange rates by the central bank plays a crucial role in maintaining stability in Nepal’s foreign exchange market. It influences the pricing of imported and exported goods, foreign investment inflows, tourism-related currency exchanges, and the overall economic environment.
As Nepal’s economy continues to integrate more closely with the global market, the role of the central bank in managing currency fluctuations and ensuring a balanced foreign exchange regime becomes increasingly significant. These rates provide the foundation for many financial transactions and contribute to safeguarding the interests of consumers and traders alike.
The daily announcement of foreign currency rates by Nepal Rastra Bank serves as a reliable reference for commercial banks, financial institutions, importers, exporters, and the general public. It enables efficient planning, budgeting, and decision-making related to foreign trade, travel, remittances, and investment.
The bank’s policy to maintain transparency and flexibility regarding currency exchange rates also reflects its commitment to adapting to the dynamic economic conditions both within Nepal and internationally. As exchange rates fluctuate due to global factors such as geopolitical developments, commodity prices, and international monetary policies, Nepal Rastra Bank remains vigilant in adjusting its rates to stabilize the domestic market.
Overall, the current exchange rate announcement offers a clear snapshot of the currency market situation in Nepal and serves as an essential tool for all stakeholders involved in foreign exchange transactions. The central bank’s continued efforts to regulate and monitor these rates are fundamental to ensuring the smooth functioning of Nepal’s financial system and supporting sustainable economic growth.
