In its daily foreign exchange update, Nepal Rastra Bank (NRB) has published the official foreign currency exchange rates for today, reflecting fluctuations in the global currency market. These rates, which are revised and published regularly, serve as benchmarks for commercial banks, financial institutions, traders, and the general public involved in foreign currency transactions.
As of today, the buying rate for the U.S. Dollar has been fixed at Rs. 137.28, while the selling rate is Rs. 137.88. The U.S. Dollar remains one of the most actively traded and closely monitored currencies in Nepal, given its role in international trade, remittance, tourism, and investment.
Exchange Rates for Major Global Currencies
The European Euro (EUR), another major global currency, has been set at Rs. 160.56 for buying and Rs. 161.26 for selling. Similarly, the British Pound Sterling (GBP) is listed at a buying rate of Rs. 185.15 and selling rate of Rs. 185.96, showing a relatively strong performance against the Nepali Rupee. The Swiss Franc (CHF), which is often considered a safe-haven currency, has been priced at Rs. 172.41 for buying and Rs. 173.16 for selling.
Other notable rates include:
- Australian Dollar (AUD): Buying at Rs. 90.19, selling at Rs. 90.59
- Canadian Dollar (CAD): Buying at Rs. 100.42, selling at Rs. 100.86
- Singapore Dollar (SGD): Buying at Rs. 107.20, selling at Rs. 107.67
These rates help determine the cost of international travel, trade transactions, and remittance settlements involving these currencies.
Rates for Asian Currencies and Regional Partners
Given Nepal’s close economic ties with neighboring Asian countries, several regional currencies are also monitored closely.
For instance:
- Japanese Yen (JPY): The exchange rate for 10 yen is set at Rs. 9.32 (buying) and Rs. 9.36 (selling).
- Chinese Yuan (CNY): One unit is set at Rs. 19.15 (buying) and Rs. 19.24 (selling).
- Saudi Arabian Riyal (SAR): Buying rate Rs. 36.60, selling rate Rs. 36.76
- Qatari Riyal (QAR): Buying rate Rs. 37.67, selling rate Rs. 37.83
These currencies play a vital role, especially in the context of labour migration and remittance, as thousands of Nepali workers are employed in the Gulf countries and other parts of Asia.
Exchange Rates for Other International Currencies
In addition to major and regional currencies, the central bank has also fixed the rates for other important currencies that reflect Nepal’s international trade and labor migration dynamics:
- Thai Baht (THB): Rs. 4.24 (buying), Rs. 4.26 (selling)
- UAE Dirham (AED): Rs. 37.37 (buying), Rs. 37.54 (selling)
- Malaysian Ringgit (MYR): Rs. 32.28 (buying), Rs. 32.42 (selling)
- South Korean Won (KRW) (per 100 units): Rs. 9.94 (buying), Rs. 9.99 (selling)
- Swedish Krona (SEK): Rs. 14.32 (buying), Rs. 14.39 (selling)
- Danish Krone (DKK): Rs. 21.52 (buying), Rs. 21.61 (selling)
These rates are crucial for calculating remittances from countries like Malaysia, South Korea, and the UAE, which host a large number of Nepali migrant workers.
Gulf Region Currencies See Strong Performance
Currencies from the Gulf Cooperation Council (GCC) countries continue to exhibit robust exchange values against the Nepali Rupee:
- Hong Kong Dollar (HKD): Rs. 17.49 (buying), Rs. 17.56 (selling)
- Kuwaiti Dinar (KWD): One of the highest-valued currencies, set at Rs. 449.45 (buying) and Rs. 451.41 (selling)
- Bahraini Dinar (BHD): Rs. 364.15 (buying), Rs. 365.74 (selling)
- Omani Riyal (OMR): Rs. 356.59 (buying), Rs. 358.15 (selling)
These rates further underscore the economic interlinkages between Nepal and the Middle East, particularly for foreign employment and associated income flows.
Indian Rupee Fixed at Rs. 160 per 100 Units
One of the most important foreign currency relationships for Nepal is with India, due to geographical proximity and deep economic, cultural, and trade ties. The NRB has maintained the exchange rate for 100 Indian Rupees at Rs. 160 (buying) and Rs. 160.15 (selling). This fixed exchange regime between the Nepali Rupee (NPR) and Indian Rupee (INR) is crucial for bilateral trade and cross-border transactions, especially in the bordering regions of Nepal.
Disclaimer and Market Adjustments
Nepal Rastra Bank has also stated that the exchange rates are subject to revision based on market conditions. While these rates serve as official guidance, commercial banks may offer slightly different rates for buying and selling currencies, depending on demand, supply, and service fees.
The updated and official exchange rates are always available on NRB’s website and are revised daily to reflect global market changes. The public, especially travelers, importers, exporters, and remittance beneficiaries, are encouraged to consult these rates or confirm with their banks before conducting foreign currency transactions.
As the global economy continues to remain dynamic and influenced by multiple geopolitical and economic factors, such regular updates by NRB help maintain transparency and trust in Nepal’s foreign exchange and financial systems.
