Nepal Rastra Bank (NRB), the central bank of Nepal, has announced the foreign exchange rates for today, providing updated buying and selling rates for a wide range of international currencies. According to NRB, the buying rate for one US Dollar has been set at NPR 140.59, while the selling rate is NPR 141.19.
The announcement comes as part of the central bank’s routine process to maintain transparency and provide guidance to commercial banks, businesses, and the general public regarding currency exchange. Foreign exchange rates are a critical indicator for trade, remittances, and investment activities in the country, particularly given Nepal’s reliance on imports and the inflow of foreign currency from overseas workers.
European Euro and UK Pound Sterling Rates
The NRB has fixed the buying rate for one European Euro at NPR 165.94 and the selling rate at NPR 166.65. Similarly, the UK Pound Sterling is set at a buying rate of NPR 191.67 and a selling rate of NPR 192.48. These rates reflect the recent stability in the global foreign exchange market while accounting for domestic economic conditions and liquidity requirements.
The Swiss Franc has been priced at NPR 177.67 for buying and NPR 178.43 for selling. Exchange rates for European currencies are significant for Nepal’s trade with European countries, especially for goods and services priced in Euros or Pounds.
Rates for Asian and Pacific Currencies
The central bank has also provided rates for key Asian and Pacific currencies. The Australian Dollar is priced at NPR 93.75 for buying and NPR 94.15 for selling. The Canadian Dollar has a buying rate of NPR 102.17 and a selling rate of NPR 102.61. The Singapore Dollar is set at NPR 109.97 for buying and NPR 110.44 for selling.
For the Japanese Yen, the rate for ten units is NPR 9.56 for buying and NPR 9.60 for selling. The Chinese Yuan is priced at NPR 19.76 for buying and NPR 19.84 for selling. These currencies are vital for bilateral trade with key Asian partners and for businesses dealing with imports and exports in the region.
Middle Eastern Currency Rates
NRB has announced rates for several Middle Eastern currencies as well. The Saudi Arabian Riyal has a buying rate of NPR 37.48 and a selling rate of NPR 37.64, while the Qatari Riyal is priced at NPR 38.57 for buying and NPR 38.73 for selling. The United Arab Emirates Dirham has a buying rate of NPR 38.28 and a selling rate of NPR 38.44.
Other currencies from the region include the Kuwaiti Dinar, which is set at NPR 460.68 for buying and NPR 462.64 for selling; the Bahraini Dinar at NPR 372.90 for buying and NPR 374.49 for selling; and the Omani Riyal at NPR 365.15 for buying and NPR 366.71 for selling. These rates are particularly relevant for Nepalis working in Gulf countries who send remittances back home, making the NRB’s updates critical for households dependent on foreign income.
Additional Currency Updates
In addition to the major global currencies, the central bank has also set exchange rates for several other currencies. The Thai Baht has been priced at NPR 4.43 for buying and NPR 4.45 for selling, the Malaysian Ringgit at NPR 33.43 for buying and NPR 33.58 for selling, and the South Korean Won (per 100 units) at NPR 10.17 for buying and NPR 10.21 for selling.
Scandinavian currencies have also been listed, with the Swedish Krona priced at NPR 15.18 for buying and NPR 15.25 for selling, and the Danish Kroner at NPR 22.23 for buying and NPR 22.32 for selling. Meanwhile, the Hong Kong Dollar has a buying rate of NPR 18.07 and a selling rate of NPR 18.14.
Indian Rupee and Other Regional Currencies
The Indian Rupee, which is widely used in cross-border trade and daily transactions in Nepal, has been set at NPR 160.00 for buying and NPR 160.15 for selling per 100 units. Similarly, the NRB has fixed the rates for currencies such as the Thai Baht, UAE Dirham, Malaysian Ringgit, and South Korean Won, ensuring comprehensive coverage of important regional and global currencies.
Flexibility and Updates
The Nepal Rastra Bank has clarified that these exchange rates may be revised as needed throughout the day to reflect changes in the foreign exchange market or domestic economic conditions. Commercial banks may set slightly different rates for customers, but the updated central bank rates provide a standard reference. The NRB’s official website provides the most up-to-date information on foreign currency exchange rates, allowing businesses and individuals to plan transactions effectively.
The central bank’s announcement serves as an important tool for economic stability, ensuring transparency in currency transactions and helping individuals, businesses, and financial institutions make informed decisions in a rapidly changing global financial environment.
