Nepal Rastra Bank (NRB) has announced the foreign currency exchange rates for today, Monday, providing the official buying and selling rates for a wide range of international currencies. According to the central bank, the US Dollar (USD) is set at a buying rate of Rs. 141.74 and a selling rate of Rs. 142.34, reflecting stable trends in the foreign exchange market.
Similarly, the Euro (EUR) has been fixed at a buying rate of Rs. 166.44 and a selling rate of Rs. 167.14, while the British Pound Sterling (GBP) is set at Rs. 191.06 for buying and Rs. 191.87 for selling. The Swiss Franc (CHF) sees a buying rate of Rs. 178.21 and a selling rate of Rs. 178.97, showing minor fluctuations compared to previous trading sessions.
Other Major Currencies
The Australian Dollar (AUD) is currently quoted at a buying rate of Rs. 93.61 and a selling rate of Rs. 94.91, while the Canadian Dollar (CAD) is at Rs. 101.59 for buying and Rs. 102.02 for selling. The Singapore Dollar (SGD) holds a buying rate of Rs. 109.97 and a selling rate of Rs. 110.44.
Asian currencies also feature prominently in today’s exchange rate list. The Japanese Yen (JPY), for 10 units, is fixed at Rs. 9.61 for buying and Rs. 9.65 for selling. The Chinese Yuan (CNY) stands at Rs. 19.91 for buying and Rs. 19.99 for selling. The Saudi Riyal (SAR) is at Rs. 37.79 for buying and Rs. 37.95 for selling, while the Qatari Riyal (QAR) is quoted at Rs. 38.89 for buying and Rs. 39.05 for selling.
Regional and Other International Currencies
The Thai Baht (THB) is set at Rs. 4.39 for buying and Rs. 4.40 for selling, while the UAE Dirham (AED) has a buying rate of Rs. 38.59 and selling rate of Rs. 38.76. The Malaysian Ringgit (MYR) is fixed at Rs. 33.68 for buying and Rs. 33.83 for selling. The South Korean Won (KRW) for 100 units is priced at Rs. 10.07 for buying and Rs. 10.11 for selling. European currencies such as the Swedish Krona (SEK) are quoted at Rs. 15.12 for buying and Rs. 15.19 for selling, and the Danish Kroner (DKK) at Rs. 22.29 for buying and Rs. 22.39 for selling.
Other Important Currency Rates
The Hong Kong Dollar (HKD) is fixed at a buying rate of Rs. 18.22 and a selling rate of Rs. 18.29. Middle Eastern currencies also maintain significant exchange rates, with the Kuwaiti Dinar (KWD) at Rs. 464.95 for buying and Rs. 466.92 for selling. The Bahraini Dinar (BHD) is set at Rs. 375.98 for buying and Rs. 377.57 for selling, while the Omani Riyal (OMR) holds a buying rate of Rs. 368.14 and a selling rate of Rs. 369.70. The Indian Rupee (INR), which shares close economic ties with Nepal, is fixed at Rs. 160 for buying and Rs. 160.15 for selling, reflecting steady bilateral exchange relations.
Central Bank Advisory and Market Implications
The Nepal Rastra Bank has stated that these rates are subject to revision as necessary and may be updated during the day depending on market conditions. Commercial banks, however, may set slightly different rates, which may vary according to their operational policies and customer demand. Traders, businesses, and individuals are advised to check the updated exchange rates directly on the NRB website or at authorized financial institutions before conducting foreign exchange transactions.
The fixed exchange rates play a crucial role in maintaining financial stability, controlling inflation, and supporting international trade and investment in Nepal. Stable currency rates also help in price regulation of imported goods and services, which significantly impact the economy and household expenses.
Nepal Rastra Bank’s announcement of today’s exchange rates comes at a time when global currency markets are showing relative stability, allowing for predictable foreign exchange operations for importers, exporters, and remittance-dependent households. By providing clear guidance on currency conversion, the central bank ensures transparency and efficiency in the financial system.
The announcement further emphasizes that all banks and authorized money changers must adhere to the official rates, while also noting that customers have the option to compare rates across institutions to secure the best value for foreign currency transactions.
The release of official exchange rates by the Nepal Rastra Bank serves as a key economic indicator for the nation. By providing a comprehensive list of buying and selling rates for major global and regional currencies, the central bank ensures that financial institutions and citizens can operate with confidence. As Nepal continues to engage in international trade and benefit from remittances, the role of the central bank in maintaining fair and stable currency exchange rates remains vital for the country’s economic growth and stability.
