Nepal Rastra Bank (NRB) has published the official foreign currency exchange rates for Thursday. According to the central bank, the purchase rate for one U.S. dollar has been fixed at NPR 140.62, while the selling rate stands at NPR 141.22. The euro is being traded at NPR 163.70 for purchase and NPR 164.39 for sale. Similarly, the British pound sterling has been set at NPR 188.40 for buying and NPR 189.20 for selling. The Swiss franc, another major global currency, is priced at NPR 174.69 for purchase and NPR 175.44 for sale.
Australian, Canadian, and Singapore Dollar Values
The exchange rate for the Australian dollar is set at NPR 91.83 for buying and NPR 92.22 for selling. The Canadian dollar stands at NPR 101.91 for purchase and NPR 102.34 for sale. Likewise, the Singapore dollar has been fixed at NPR 109.10 for buying and NPR 109.56 for selling. These currencies, particularly the Australian and Canadian dollars, are of significant interest to Nepal due to the growing number of Nepali students, migrant workers, and business transactions with these nations.
Asian Currency Rates: Yen, Yuan, Riyal, and Qatari Riyal
In the Asian market category, the Japanese yen (per 10 units) is being traded at NPR 9.46 for purchase and NPR 9.50 for sale. The Chinese yuan stands at NPR 19.68 for buying and NPR 19.76 for selling, reflecting Nepal’s robust trade relationship with China. The Saudi Arabian riyal has been fixed at NPR 37.48 for buying and NPR 37.64 for selling, while the Qatari riyal is priced at NPR 38.58 for purchase and NPR 38.74 for sale. These Middle Eastern currencies are particularly significant due to the large Nepali migrant workforce in Gulf countries, whose remittances form a major part of Nepal’s foreign exchange reserves.
Other Regional Currency Rates
The Thai baht is being traded at NPR 4.35 for buying and NPR 4.36 for selling, while the UAE dirham stands at NPR 38.28 for purchase and NPR 38.45 for selling. The Malaysian ringgit has been fixed at NPR 32.26 for buying and NPR 33.41 for selling. Similarly, the South Korean won (per 100 units) is priced at NPR 10.12 for purchase and NPR 10.16 for sale, reflecting the increasing trade and tourism ties between Nepal and South Korea.
Scandinavian and Nordic Currency Rates
In terms of European currencies beyond the euro and pound, the Swedish krona is valued at NPR 14.88 for purchase and NPR 14.94 for selling. The Danish krone stands at NPR 21.93 for buying and NPR 22.03 for sale. These currencies, while not heavily traded in Nepal’s domestic market, are important for international trade and tourism-related transactions.
Exchange Rates for Hong Kong Dollar, Kuwaiti Dinar, Bahraini Dinar, and Omani Rial
The Hong Kong dollar has been set at NPR 18.02 for buying and NPR 18.10 for selling. The Kuwaiti dinar, one of the highest-valued currencies in the world, is being traded at NPR 449.57 for purchase and NPR 461.53 for selling. Similarly, the Bahraini dinar is priced at NPR 372.99 for buying and NPR 374.58 for sale, while the Omani rial stands at NPR 365.25 for purchase and NPR 366.81 for sale. These currencies hold significant relevance due to Nepal’s strong migrant workforce presence in Kuwait, Bahrain, and Oman, where remittance inflows play a vital role in the country’s economy.
Indian Rupee Rate and Its Importance
Given the close economic ties between Nepal and India, the exchange rate for the Indian rupee is a key figure for businesses and individuals alike. NRB has fixed the rate for INR 100 at NPR 160.00 for buying and NPR 160.15 for selling. This rate is particularly crucial for cross-border trade, tourism, and remittance flows between the two countries.
Possible Adjustments and Commercial Bank Variations
Nepal Rastra Bank has noted that these official rates are subject to revision at any time if necessary. It has also stated that the exchange rates offered by commercial banks may differ slightly from the central bank’s reference rates due to market fluctuations, transaction fees, and service charges.
Availability of Updated Rates
For those engaged in foreign currency transactions, NRB has advised checking the latest updates directly from its official website. The central bank updates the rates daily, providing a transparent and reliable benchmark for currency exchange activities across the country.
Broader Economic Context
Foreign exchange rates play a vital role in Nepal’s economy, particularly for importers, exporters, travelers, and remittance recipients. With a significant portion of Nepal’s GDP dependent on remittances from migrant workers, fluctuations in the value of foreign currencies directly impact household incomes and overall economic stability. Additionally, exchange rates influence the cost of imports and exports, affecting inflation, competitiveness, and trade balances.
Given the increasing integration of Nepal into the global economy, the NRB’s daily publication of exchange rates ensures market stability, promotes transparency, and supports informed decision-making by individuals and businesses alike.
