Nepal Rastra Bank (NRB), the central monetary authority of the country, has released the official foreign exchange rates for today, outlining the buying and selling rates for a wide range of international currencies. These rates serve as a reference for commercial banks, financial institutions, traders, and the general public for conducting cross-border financial transactions.
US Dollar Maintains Strong Position
According to the exchange bulletin published by the central bank, the US Dollar (USD) remains the most traded foreign currency in Nepal. The buying rate for one US dollar has been fixed at NPR 140.03, while the selling rate is NPR 140.63. The continued demand for USD in remittances, foreign trade, and tourism has kept the currency’s exchange rate steady and significant.
Euro and British Pound Sterling Stay Elevated
The European Euro (EUR) has been valued with a buying rate of NPR 163.20 and a selling rate of NPR 163.90. Meanwhile, the British Pound Sterling (GBP) stands even higher, with the buying rate at NPR 187.77 and the selling rate at NPR 188.58. These strong rates reflect the recent gains in the European and UK markets and the increased demand for these currencies in global trade.
Steady Rates for Major Global Currencies
The Swiss Franc (CHF) is being traded at NPR 173.45 for buying and NPR 174.20 for selling. The Australian Dollar (AUD) has been set at NPR 91.33 (buying) and NPR 91.72 (selling), while the Canadian Dollar (CAD) is trading at NPR 101.93 for buying and NPR 102.36 for selling. These rates suggest relative stability in global financial markets, although minor fluctuations are always expected due to daily trading activities. The Singapore Dollar (SGD) has been valued at NPR 109.04 for buying and NPR 109.51 for selling, a reflection of Singapore’s stable economic indicators and consistent trade partnerships with Nepal.
Asian Currencies in Focus
The Japanese Yen (JPY), calculated per 10 units, is being traded at NPR 9.50 (buying) and NPR 9.54 (selling). The Chinese Yuan (CNY) stands at NPR 19.51 for buying and NPR 19.59 for selling. Both currencies play a pivotal role in Nepal’s trade relations, especially with two of its largest neighbors, China and Japan. The South Korean Won (KRW) per 100 units is being exchanged at NPR 10.13 (buying) and NPR 10.17 (selling), while the Thai Baht (THB) has a buying rate of NPR 4.33 and a selling rate of NPR 4.35.
Rates for Middle Eastern and Gulf Region Currencies
Many Nepalis working in Gulf countries regularly send remittances back home, making currencies from this region highly relevant. The Saudi Arabian Riyal (SAR) is being traded at NPR 37.31 (buying) and NPR 37.47 (selling), while the Qatari Riyal (QAR) has been fixed at NPR 38.42 (buying) and NPR 38.58 (selling).
The UAE Dirham (AED) has a buying rate of NPR 38.12 and a selling rate of NPR 38.29, continuing its position as one of the most exchanged currencies in Nepal due to the high number of Nepali migrant workers in the United Arab Emirates.
The Kuwaiti Dinar (KWD), one of the strongest global currencies, has a buying rate of NPR 458.35 and a selling rate of NPR 460.31. The Bahraini Dinar (BHD) is being exchanged at NPR 371.42 (buying) and NPR 373.01 (selling), while the Omani Riyal (OMR) is valued at NPR 363.70 for buying and NPR 365.26 for selling.
Other International Currencies
Among Scandinavian currencies, the Swedish Krona (SEK) has been set at NPR 14.57 (buying) and NPR 14.64 (selling), while the Danish Krone (DKK) is being traded at NPR 21.87 (buying) and NPR 21.96 (selling).
From the Southeast Asian region, the Malaysian Ringgit (MYR) stands at NPR 33.07 (buying) and NPR 33.21 (selling). Meanwhile, the Hong Kong Dollar (HKD) is being exchanged at NPR 17.84 for buying and NPR 17.92 for selling.
Indian Rupee Maintains Fixed Exchange Rate
As part of Nepal’s longstanding financial agreement with India, the Indian Rupee (INR) remains pegged at a semi-fixed rate. The buying rate for INR 100 is NPR 160.00, and the selling rate is NPR 160.15. This fixed regime has helped stabilize trade and remittance inflows between the two countries, though actual market exchange in informal sectors may vary slightly.
Nepal Rastra Bank has clearly stated that these exchange rates are subject to change depending on market conditions and foreign exchange reserves. The central bank reserves the right to revise the exchange rates at any time as per economic and monetary needs.
Additionally, the central bank notes that exchange rates set by individual commercial banks may differ slightly from the official NRB rates based on supply and demand. For the most accurate and up-to-date figures, the public and financial institutions are encouraged to check the central bank’s official website regularly.
Today’s foreign exchange bulletin reflects the ongoing global and regional economic conditions. With currencies like the US Dollar, Euro, and Pound maintaining strength, and the Gulf currencies staying favorable due to remittance importance, Nepal’s foreign exchange landscape continues to evolve daily. NRB’s timely updates help maintain transparency and allow businesses, travelers, and individuals to make informed financial decisions.
