Nepal Rastra Bank (NRB) has announced the official foreign currency exchange rates for today, setting clear benchmarks for commercial banks and financial institutions. According to NRB, the purchase rate for one U.S. dollar has been fixed at NPR 139.96, while the selling rate stands at NPR 140.56. The euro, one of the most traded currencies globally, has been set at NPR 162.91 for purchase and NPR 163.61 for sale. Similarly, the British pound sterling has been valued at NPR 188.25 for purchase and NPR 189.06 for sale.
The Swiss franc, another strong international currency, has been fixed at NPR 173.19 for purchase and NPR 173.93 for sale. These figures indicate a stable yet competitive foreign exchange environment, with rates reflecting both global market movements and domestic monetary policy adjustments.
Exchange Rates for Popular Trade Currencies
The Australian dollar is trading at NPR 91.34 for purchase and NPR 91.74 for sale, while the Canadian dollar stands at NPR 101.73 for purchase and NPR 102.17 for sale. The Singapore dollar has been valued at NPR 108.88 for purchase and NPR 109.35 for sale, catering to Nepal’s growing trade and tourism connections with Southeast Asia.
The Japanese yen, measured in units of 10, is set at NPR 9.47 for purchase and NPR 9.51 for sale. The Chinese yuan, reflecting Nepal’s strong economic ties with China, has been set at NPR 19.48 for purchase and NPR 19.57 for sale.
Middle Eastern Currency Rates
Given Nepal’s large migrant workforce in the Gulf region, the exchange rates for Middle Eastern currencies hold significant importance. The Saudi Arabian riyal has been set at NPR 37.29 for purchase and NPR 37.45 for sale, while the Qatari riyal stands at NPR 38.40 for purchase and NPR 38.56 for sale. The UAE dirham is trading at NPR 38.11 for purchase and NPR 38.27 for sale.
In addition, the Kuwaiti dinar, one of the highest-valued currencies globally, is set at NPR 458.21 for purchase and NPR 460.17 for sale. The Bahraini dinar is priced at NPR 371.25 for purchase and NPR 372.84 for sale, while the Omani riyal stands at NPR 364.01 for purchase and NPR 365.57 for sale.
Asian and Other International Currency Updates
The Thai baht is valued at NPR 4.33 for purchase and NPR 4.35 for sale, while the Malaysian ringgit is set at NPR 33.01 for purchase and NPR 33.15 for sale. The South Korean won, measured in units of 100, is trading at NPR 10.08 for purchase and NPR 10.12 for sale.
For European currencies outside the eurozone, the Swedish krona has been fixed at NPR 14.61 for purchase and NPR 14.67 for sale, while the Danish krone is at NPR 21.83 for purchase and NPR 21.92 for sale. The Hong Kong dollar stands at NPR 17.83 for purchase and NPR 17.91 for sale.
Indian Rupee Exchange Rate
Given the open border and strong trade ties with India, the exchange rate for the Indian rupee is of particular importance. For today, NRB has fixed the rate for INR 100 at NPR 160.00 for purchase and NPR 160.15 for sale. This fixed rate system helps stabilize trade and remittance flows between the two countries.
Central Bank’s Advisory on Rates
Nepal Rastra Bank has clarified that these rates are subject to change at any time based on fluctuations in global currency markets and domestic monetary conditions. The central bank also emphasized that commercial banks may set slightly different rates depending on their operational costs and market demand.
The bank has urged the public, businesses, and financial institutions to always verify the latest exchange rates on NRB’s official website before engaging in large transactions. This ensures that currency exchanges are made at fair and transparent rates.
Significance of Daily Exchange Rate Announcements
The daily publication of exchange rates by NRB plays a critical role in maintaining financial stability and transparency in Nepal’s foreign exchange market. It helps importers and exporters plan their transactions, assists migrant workers in estimating remittance values, and guides travelers on currency conversion before international trips.
Given the current global economic uncertainties, including fluctuating oil prices and shifts in monetary policies in major economies, exchange rates have been experiencing short-term volatility. NRB’s regular updates ensure that businesses and individuals can adapt quickly to market changes.
Impact on Remittances and Trade
Nepal’s economy relies heavily on remittances from its migrant workforce, particularly from countries such as Saudi Arabia, Qatar, UAE, Kuwait, and Malaysia. Exchange rates directly influence the purchasing power of these remittances when converted into Nepalese rupees. Higher rates for foreign currencies mean more value for recipients in Nepal, boosting household income and consumption.
Similarly, for importers, a higher foreign currency rate increases the cost of goods purchased from abroad, potentially affecting retail prices in the domestic market. Exporters, on the other hand, may benefit from favorable exchange rates as they receive more rupees for their foreign sales.
Today’s announcement from Nepal Rastra Bank provides a clear snapshot of the current foreign exchange market situation in the country. By setting and publishing these rates, the central bank ensures transparency, supports international trade, and safeguards the interests of consumers, traders, and the financial sector. With global currency markets remaining dynamic, stakeholders are advised to stay informed and make timely financial decisions to optimize gains and minimize risks.
