The Nepal Rastra Bank (NRB) has officially released the foreign exchange rates for today, setting the benchmark for currency trading across the country. These rates are used as guidelines by commercial banks and financial institutions in Nepal for the buying and selling of foreign currencies.
Key Exchange Rates Against Nepalese Rupee
As per the central bank’s latest bulletin, the exchange rate for the US dollar has been fixed at Rs. 137.00 for buying and Rs. 137.60 for selling. The US dollar continues to be the most influential foreign currency in the Nepali market, given its wide use in trade, remittances, and reserves.
In terms of the European Euro (EUR), the bank has set the buying rate at Rs. 159.91 and the selling rate at Rs. 160.61. The UK Pound Sterling (GBP) has been fixed at Rs. 184.19 for buying and Rs. 185.00 for selling, reflecting the strong demand and high value of the pound in international trade. The Swiss Franc (CHF) also maintains its strong position, with today’s exchange rates standing at Rs. 171.93 for buying and Rs. 172.68 for selling.
Exchange Rates for Major Commonwealth Currencies
Among other prominent currencies, the Australian Dollar (AUD) is trading at Rs. 89.90 for buying and Rs. 90.29 for selling. Similarly, the Canadian Dollar (CAD) has been set at Rs. 100.08 buying and Rs. 100.52 selling. The Singapore Dollar (SGD) is pegged at Rs. 106.90 for buying and Rs. 107.37 for selling, as trade and tourism between Nepal and Singapore remain active.
Rates for Asian Currencies
The Japanese Yen (JPY), quoted per 10 units, is trading at Rs. 9.26 buying and Rs. 9.30 selling. The Chinese Yuan (CNY) is priced at Rs. 19.10 for buying and Rs. 19.18 for selling, continuing to reflect the close trading ties between Nepal and China. In the Gulf region, the Saudi Arabian Riyal (SAR) is valued at Rs. 36.53 buying and Rs. 36.69 selling, while the Qatari Riyal (QAR) is pegged at Rs. 37.59 buying and Rs. 37.76 selling.
Among Southeast Asian currencies, the Thai Baht (THB) is trading at Rs. 4.22 for buying and Rs. 4.24 for selling, and the Malaysian Ringgit (MYR) is at Rs. 32.30 buying and Rs. 32.44 selling. The South Korean Won (KRW), calculated per 100 units, is trading at Rs. 9.93 buying and Rs. 9.97 selling.
Scandinavian and Other International Currencies
The Swedish Krona (SEK) is fixed at Rs. 14.20 for buying and Rs. 14.26 for selling, while the Danish Krone (DKK) is priced at Rs. 21.43 buying and Rs. 21.52 selling. The Hong Kong Dollar (HKD) is trading at Rs. 17.45 buying and Rs. 17.53 selling.
Exchange Rates for Middle Eastern Currencies
High-value currencies from the Middle East show the following rates:
- Kuwaiti Dinar (KWD): Rs. 448.40 buying, Rs. 450.36 selling
- Bahraini Dinar (BHD): Rs. 363.40 buying, Rs. 364.99 selling
- Omani Riyal (OMR): Rs. 355.83 buying, Rs. 357.39 selling
- UAE Dirham (AED): Rs. 37.30 buying, Rs. 37.46 selling
These currencies are especially significant for the large number of Nepali workers employed in Gulf countries, as they form a major portion of remittance inflows to Nepal.
Indian Currency Exchange Rate
Given the open-border relationship and trade dependence between Nepal and India, the exchange rate for the Indian Rupee (INR) is particularly important. Today, the rate has been fixed at Rs. 160.00 for buying and Rs. 160.15 for selling per INR 100. This fixed rate facilitates easier cross-border transactions and trade settlements between the two countries.
NRB’s Disclaimer on Exchange Rate Usage
Nepal Rastra Bank has emphasized that these exchange rates are indicative rates for interbank transactions and remittances. It has also clarified that the exchange rates provided by individual commercial banks may vary depending on market dynamics and institutional policies.
The central bank has further stated that it reserves the right to revise these exchange rates at any time based on international market fluctuations or domestic policy adjustments. For the most accurate and up-to-date rates, the NRB advises all users to consult its official website or the respective commercial banks operating in Nepal.
Foreign exchange rates are critical indicators of a nation’s financial interaction with the global economy. Nepal Rastra Bank’s regular updates on these rates provide transparency and guidance to businesses, banks, importers, exporters, travelers, and individuals receiving remittances from abroad. As global markets remain volatile, especially with fluctuating oil prices and geopolitical uncertainties, monitoring daily exchange rates remains crucial for all financial stakeholders.
