Nepal Rastra Bank (NRB), the central monetary authority of Nepal, has issued the official foreign exchange rates for Thursday, outlining the buying and selling prices of various foreign currencies against the Nepalese Rupee (NPR). These exchange rates serve as a reference for commercial banks and the public, ensuring uniformity and transparency in currency trading across the country.
US Dollar and Major Western Currencies
As per the latest update, the buying rate for one US Dollar has been fixed at NPR 140.08, while the selling rate stands at NPR 140.68. The American Dollar remains one of the most traded and referenced currencies in Nepal due to its global dominance in trade, remittances, and financial transactions.
The Euro (EUR), the official currency of the European Union, is set at a buying rate of NPR 162.66 and a selling rate of NPR 163.36. Similarly, the British Pound Sterling (GBP), another key global currency, is listed at NPR 186.71 for buying and NPR 187.51 for selling. The Swiss Franc (CHF), which is popular among international investors and used in global financial markets, has been valued at NPR 173.66 (buying) and NPR 174.40 (selling).
Exchange Rates for Other Popular Global Currencies
In the Oceania region, the Australian Dollar (AUD) has a buying rate of NPR 91.14 and a selling rate of NPR 91.53, while the Canadian Dollar (CAD) is priced at NPR 101.89 for buying and NPR 102.33 for selling. These currencies are particularly important for Nepal due to increasing educational and employment migration to Australia and Canada.
From Asia, the Singapore Dollar (SGD) has been set at NPR 108.91 (buying) and NPR 109.38 (selling). The Japanese Yen (JPY), measured per 10 units, is available at NPR 9.50 (buying) and NPR 9.54 (selling). The Chinese Yuan (CNY) stands at NPR 19.50 for buying and NPR 19.58 for selling.
The Saudi Arabian Riyal (SAR), heavily significant due to the large number of Nepali workers in Saudi Arabia, is listed at NPR 37.33 (buying) and NPR 37.49 (selling). Similarly, the Qatari Riyal (QAR), another Middle Eastern currency of importance to Nepali migrant workers, is exchanged at NPR 38.43 for buying and NPR 38.60 for selling.
Exchange Rates for Other Regional and International Currencies
The Thai Baht (THB) is currently set at NPR 4.33 (buying) and NPR 4.35 (selling). For those dealing with the United Arab Emirates Dirham (AED), the rate is NPR 38.14 (buying) and NPR 38.30 (selling). The Malaysian Ringgit (MYR) is priced at NPR 33.12 (buying) and NPR 33.26 (selling).
The South Korean Won (KRW), which is calculated per 100 units, is being traded at NPR 10.10 (buying) and NPR 10.14 (selling). Among the Scandinavian currencies, the Swedish Krona (SEK) is exchanged at NPR 14.53 (buying) and NPR 14.60 (selling), and the Danish Krone (DKK) stands at NPR 21.80 (buying) and NPR 21.89 (selling).
High-Value Currencies and Special Economic Significance
NRB has also fixed the rates for some high-value currencies. The Hong Kong Dollar (HKD) is listed at NPR 17.84 (buying) and NPR 17.92 (selling). Notably, the Kuwaiti Dinar (KWD), which is one of the highest-valued currencies in the world, is set at NPR 458.29 for buying and NPR 460.25 for selling.
Other Gulf currencies such as the Bahraini Dinar (BHD) are set at NPR 371.56 (buying) and NPR 373.15 (selling), while the Omani Riyal (OMR) is exchanged at NPR 363.83 for buying and NPR 365.39 for selling. These rates are especially significant considering the large volume of remittance inflows from Nepalis working in Gulf countries.
Indian Currency Exchange Rate Remains Stable
The Indian Rupee (INR), which is crucial due to Nepal’s open border and strong trade ties with India, is fixed at NPR 160.00 for buying and NPR 160.15 for selling per 100 units. Since the Indian Rupee is widely used and accepted in border areas and trading hubs, any fluctuation in this rate can significantly affect local market dynamics.
Important Notes and Central Bank Clarification
The central bank has clarified that these rates are subject to change as per market dynamics and internal monetary policies. NRB retains the authority to revise these rates at any given time depending on global currency fluctuations and foreign reserve considerations.
Furthermore, NRB has emphasized that commercial banks may offer slightly different rates for buying and selling foreign currencies, which may be based on their own trading strategies and demand-supply conditions. For real-time updates and accurate figures, individuals and institutions are advised to consult NRB’s official website, where daily updated exchange rates are published.
The regular publication of exchange rates by Nepal Rastra Bank ensures transparency and consistency in foreign exchange transactions across the nation. These rates are especially vital for importers, exporters, banks, remittance companies, students studying abroad, and Nepali migrant workers sending money home. By monitoring these daily rates, the public and financial institutions can make informed decisions regarding currency exchange, saving time and minimizing financial risk in a volatile global economy.
