Nepal Rastra Bank (NRB) has released the official foreign exchange rates for today, setting the benchmark rates for various global currencies. According to the central bank, the buying rate for the US Dollar has been fixed at NPR 139.77, while the selling rate stands at NPR 140.37. The Euro’s buying rate has been set at NPR 161.93, and the selling rate at NPR 162.63. Similarly, the UK Pound Sterling is being traded with a buying rate of NPR 185.61 and a selling rate of NPR 186.40.
These rates play a crucial role in determining the cost of imports, the value of remittances, and general financial planning for travelers and traders. The fluctuation of these rates reflects not only the global currency market but also the relative strength of the Nepalese economy.
Swiss Franc, Australian, Canadian, and Singaporean Dollars Show Marginal Movement
Among other prominent international currencies, the Swiss Franc is being traded at a buying rate of NPR 173.84 and a selling rate of NPR 174.59. The Australian Dollar has been fixed at NPR 90.53 for buying and NPR 90.92 for selling. Meanwhile, the Canadian Dollar stands at a buying rate of NPR 101.37 and a selling rate of NPR 101.81. The Singapore Dollar’s exchange rate has been determined at NPR 108.46 for buying and NPR 108.92 for selling. These rates indicate a stable demand for trade and services between Nepal and these countries, including tourism, remittance inflow, and import-export activities.
Asian Currencies: Yen, Yuan, and Gulf Region Currencies Updated
The Japanese Yen, measured per 10 units, is priced at NPR 9.48 for buying and NPR 9.52 for selling. The Chinese Yuan, a key currency due to Nepal’s trade with China, has a buying rate of NPR 19.38 and a selling rate of NPR 19.46. Among the Gulf currencies, which are significant due to Nepal’s large migrant workforce in the region, the Saudi Arabian Riyal is priced at NPR 37.26 (buying) and NPR 37.42 (selling), while the Qatari Riyal is at NPR 38.24 for buying and NPR 38.40 for selling.
These Gulf currencies are especially important in the context of remittances sent by Nepali migrant workers, which make up a substantial portion of the country’s foreign income.
Additional Regional Currencies and Exchange Rates Announced
NRB has also published rates for other important regional currencies. The Thai Baht is being exchanged at NPR 4.30 (buying) and NPR 4.32 (selling), whereas the UAE Dirham is priced at NPR 38.05 for buying and NPR 38.22 for selling. The Malaysian Ringgit is set at NPR 32.68 (buying) and NPR 32.82 (selling), indicating ongoing trade relations and labor ties with Malaysia.
South Korea’s Won (per 100 units) is available at NPR 10.06 for buying and NPR 10.11 for selling. Similarly, the Swedish Krona is being exchanged at NPR 14.49 (buying) and NPR 14.55 (selling), while the Danish Krone is available at NPR 21.70 and NPR 21.79 for buying and selling, respectively.
Hong Kong Dollar, Kuwaiti Dinar, and Other High-Value Currencies
The Hong Kong Dollar’s rate stands at NPR 17.81 for buying and NPR 17.88 for selling. Among the highest-valued currencies listed today, the Kuwaiti Dinar is priced at NPR 457.36 (buying) and NPR 459.33 (selling), making it one of the most expensive foreign currencies in Nepal. The Bahraini Dinar follows closely with a buying rate of NPR 370.74 and selling rate of NPR 372.33. Additionally, the Omani Riyal has been valued at NPR 363.02 for buying and NPR 364.58 for selling.
These high-value currencies are significant in the context of Nepali workers residing in the Middle East, where earnings in strong currencies substantially impact household incomes back home.
Indian Rupee Fixed at Standard Rate
As per NRB’s consistent practice, the Indian Rupee (INR), which is pegged to the Nepalese Rupee, is fixed at NPR 160.00 for buying and NPR 160.15 for selling per INR 100. This pegged exchange rate provides stability in daily trade and commerce between Nepal and India, particularly in the border regions where cross-border trade is common.
Exchange Rates Subject to Change as Per Market Conditions
Nepal Rastra Bank has clarified that these rates are subject to modification at any time based on prevailing market dynamics and international currency movements. Moreover, the central bank noted that the buying and selling rates at commercial banks may vary slightly from these figures. For real-time updates and accurate figures, the NRB has advised the public and financial institutions to refer to its official website.
The daily exchange rate announcement by Nepal Rastra Bank is a vital tool for businesses, financial institutions, remittance service providers, and the general public. It helps in effective financial planning, foreign trade settlements, and monetary policy analysis. As Nepal’s economic activities become more interconnected with the global economy, the importance of such updates continues to grow.
