Nepal Rastra Bank (NRB), the central bank of Nepal, has announced the official foreign currency exchange rates for Sunday. According to the latest bulletin issued by the NRB, the exchange rates for various international currencies against the Nepalese Rupee (NPR) have been revised for commercial use, trade, and remittance transactions.
U.S. Dollar and Major International Currencies
As per the new exchange rate list, the buying rate for 1 U.S. Dollar (USD) has been set at NPR 136.34, while the selling rate stands at NPR 136.94. The U.S. dollar remains one of the most frequently traded currencies in Nepal, influencing both remittance and trade transactions.
In addition, the Euro (EUR), one of the widely used currencies in global trade, is being exchanged at NPR 160.58 for buying and NPR 161.29 for selling. Similarly, the British Pound Sterling (GBP) stands at NPR 186.10 buying rate and NPR 186.92 selling rate. The Swiss Franc (CHF), another strong currency in global markets, has been fixed at NPR 171.83 for buying and NPR 172.59 for selling.
Australian, Canadian, and Asian Currencies
The Australian Dollar (AUD) is currently valued at NPR 89.43 (buying) and NPR 89.82 (selling). The Canadian Dollar (CAD) has been priced at NPR 100.31 (buying) and NPR 100.75 (selling), while the Singapore Dollar (SGD) is being traded at NPR 107.05 (buying) and NPR 107.52 (selling).
From Asia, the Japanese Yen (JPY) is listed at NPR 9.45 for buying and NPR 9.49 for selling for every 10 yen. The Chinese Yuan (CNY) is fixed at NPR 19.04 for buying and NPR 19.12 for selling per unit.
Other Gulf and regional currencies such as the Saudi Arabian Riyal (SAR) are listed at NPR 36.35 (buying) and NPR 36.51 (selling), while the Qatari Riyal (QAR) stands at NPR 37.41 (buying) and NPR 37.57 (selling).
Exchange Rates of Additional Currencies
The central bank has also published the rates for several other foreign currencies that are relevant for travelers, traders, and remittance receivers. The Thai Baht (THB) has been fixed at NPR 4.22 (buying) and NPR 4.24 (selling). The UAE Dirham (AED) is set at NPR 37.12 (buying) and NPR 37.28 (selling).
The Malaysian Ringgit (MYR) is traded at NPR 32.30 (buying) and NPR 32.44 (selling). Likewise, the South Korean Won (KRW), for 100 units, is set at NPR 10.00 (buying) and NPR 10.05 (selling). Among European currencies, the Swedish Krona (SEK) is priced at NPR 14.27 (buying) and NPR 14.34 (selling), and the Danish Kroner (DKK) is available at NPR 21.52 (buying) and NPR 21.62 (selling).
High-Value Currencies and Regional Exchange Trends
The Hong Kong Dollar (HKD) is fixed at NPR 17.37 (buying) and NPR 17.45 (selling). Among the high-value currencies, the Kuwaiti Dinar (KWD) is one of the most valuable and is traded at NPR 446.67 (buying) and NPR 448.64 (selling).
The Bahraini Dinar (BHD) has been set at NPR 361.67 (buying) and NPR 363.26 (selling). The Omani Riyal (OMR) also holds high value, with rates of NPR 354.13 for buying and NPR 355.69 for selling.
As for the Indian Rupee (INR), the most significant foreign currency in Nepal due to open trade and travel between the two countries, the rate has been fixed at NPR 160.00 for buying 100 INR and NPR 160.15 for selling 100 INR.
Central Bank’s Flexibility and Public Notification
Nepal Rastra Bank has mentioned that these exchange rates are subject to change and can be revised at any time based on market conditions. While these rates serve as the official reference, commercial banks may offer slightly different exchange rates based on their operational policies and market demand.
The central bank also emphasized that the most up-to-date and official exchange rates are regularly published on its website and can be accessed by individuals, traders, and institutions for accurate financial planning.
Importance of Exchange Rate Updates
These daily exchange rates are crucial not only for individuals sending or receiving remittances but also for import-export businesses, travel agencies, and government bodies involved in foreign transactions. The fluctuation in currency values affects the cost of imported goods, the competitiveness of exports, and the spending capacity of Nepali citizens abroad.
With the rise in global financial volatility and changing international trade dynamics, accurate and timely exchange rate information has become more critical than ever for economic stability and planning.
Nepal Rastra Bank’s daily publication of exchange rates provides a transparent and systematic approach to foreign currency transactions in Nepal. By monitoring the exchange rates set by the central bank, businesses and individuals can make informed financial decisions. As global economic conditions evolve, the NRB continues to update these rates regularly to reflect international currency trends and domestic financial needs.
