Nepal Rastra Bank (NRB), the central bank of Nepal, has officially announced the foreign exchange rates for today, outlining the buying and selling prices of a wide range of international currencies. These rates, effective for transactions across the country, serve as the benchmark for commercial banks, although individual banks may set slightly different rates within the permissible range. The central bank also stated that these rates may be revised at any time if necessary, and the most updated figures are always available on the NRB’s official website.
US Dollar and Major Global Currencies
According to the NRB, the buying rate for one US Dollar (USD) has been set at NPR 139.76, while the selling rate stands at NPR 140.36. The Euro (EUR) is valued at NPR 163.75 for buying and NPR 164.45 for selling. Meanwhile, the British Pound Sterling (GBP) has been fixed at NPR 189.05 for buying and NPR 189.86 for selling.
The Swiss Franc (CHF), another important global currency, is priced at NPR 174.36 for buying and NPR 175.11 for selling. These key currencies are critical for Nepal’s international trade and remittance markets, and their rates are closely monitored by importers, exporters, and financial institutions.
Rates for Major Commonwealth Currencies
For the Australian Dollar (AUD), NRB has set the buying rate at NPR 90.70 and the selling rate at NPR 91.09. The Canadian Dollar (CAD) stands at NPR 101.08 for buying and NPR 101.52 for selling. Similarly, the Singapore Dollar (SGD) has been fixed at NPR 109.07 for buying and NPR 109.54 for selling. These currencies are particularly significant given Nepal’s trade and tourism connections with countries like Australia, Canada, and Singapore, as well as the presence of large Nepali diaspora communities in these nations.
Asian Currency Exchange Rates
In the Asian currency segment, the Japanese Yen (JPY) has been set at NPR 9.51 for buying and NPR 9.55 for selling, based on the value of 10 Yen. The Chinese Yuan (CNY) is valued at NPR 19.50 for buying and NPR 19.59 for selling. The Saudi Arabian Riyal (SAR) is pegged at NPR 37.25 for buying and NPR 37.41 for selling, while the Qatari Riyal (QAR) is set at NPR 38.35 for buying and NPR 38.51 for selling.
These rates are especially relevant to Nepali migrant workers in Gulf countries such as Saudi Arabia and Qatar, as well as to businesses engaged in import-export activities with China and Japan.
Exchange Rates for Regional and Gulf Currencies
The Thai Baht (THB) has been fixed at NPR 4.31 for buying and NPR 4.33 for selling. The United Arab Emirates Dirham (AED) stands at NPR 38.05 for buying and NPR 38.22 for selling. The Malaysian Ringgit (MYR) is priced at NPR 33.06 for buying and NPR 33.20 for selling.
For the South Korean Won (KRW), the rate is NPR 10.10 for buying and NPR 10.14 for selling per 100 Won. The Swedish Krona (SEK) is set at NPR 14.71 for buying and NPR 14.78 for selling, while the Danish Krone (DKK) is priced at NPR 21.94 for buying and NPR 22.04 for selling.
High-Value Currencies and Special Notes
The Hong Kong Dollar (HKD) has been set at NPR 17.88 for buying and NPR 17.96 for selling. The Kuwaiti Dinar (KWD) remains the most valuable currency in today’s listing, with a buying rate of NPR 457.66 and a selling rate of NPR 459.62. The Bahraini Dinar (BHD) is valued at NPR 370.70 for buying and NPR 372.29 for selling, while the Omani Rial (OMR) is set at NPR 363.01 for buying and NPR 364.57 for selling.
These high-value Gulf currencies are particularly important for the Nepali economy due to the significant remittances sent by Nepali migrant workers in Kuwait, Bahrain, and Oman.
Indian Rupee Rate and Domestic Relevance
The Indian Rupee (INR) has been fixed at NPR 160.00 for buying and NPR 160.15 for selling per 100 Indian Rupees. This rate is crucial for Nepal, given the deep economic and trade ties with India, as well as the open border that facilitates daily cross-border transactions.
Commercial Banks May Offer Slightly Different Rates
While the NRB’s published rates serve as the official reference, commercial banks across the country are allowed to set slightly different rates based on market demand and their own foreign currency reserves. However, these rates typically remain within a narrow band of the NRB’s official figures. Businesses, travelers, and individuals engaging in foreign currency transactions are advised to check with their respective banks for the exact rate at the time of their transaction.
The Nepal Rastra Bank has emphasized that these rates are subject to change at any time depending on fluctuations in the international foreign exchange market. Stakeholders are encouraged to refer to the central bank’s official website for the most up-to-date information.
