The Nepal Rastra Bank (NRB), the central monetary authority of the country, has released the updated foreign exchange rates for Thursday, reflecting the fluctuating trends of major international currencies against the Nepali rupee. According to the official notice, the rates have been set based on current international market movements, with the U.S. dollar maintaining a strong position while Asian and European currencies show varied performances.
U.S. Dollar Remains Strong Against Nepali Rupee
As per the new rates published by the NRB, the U.S. dollar continues to hold its strength. The buying rate of one U.S. dollar has been fixed at Rs. 141.78, while the selling rate stands at Rs. 142.38. This stability in the dollar’s rate underscores its continued global dominance and Nepal’s growing reliance on U.S. currency for international trade and remittance inflows.
Analysts attribute the dollar’s strong position to global economic factors, including steady U.S. economic performance and cautious monetary policies by the Federal Reserve. For Nepal, this rate directly impacts importers, students studying abroad, and those who rely on foreign remittances, as the exchange value affects purchasing power and cost of international transactions.
European Currencies Show Moderate Strength
In the European market segment, the Euro and British Pound Sterling continue to exhibit resilience. According to the NRB, one Euro is being traded at a buying rate of Rs. 164.88 and a selling rate of Rs. 165.58. The British Pound Sterling, meanwhile, is valued at Rs. 190.04 for buying and Rs. 190.85 for selling.
Similarly, the Swiss Franc has been set at Rs. 177.27 for buying and Rs. 178.02 for selling. The sustained value of these European currencies reflects the relative economic stability in the Eurozone and the United Kingdom, which have shown modest growth despite global inflationary pressures.
For Nepali traders and students in Europe, the moderate rise in these currencies could increase expenses, while remittance recipients from European nations might benefit slightly from higher conversion values.
Asian and Pacific Currencies Reflect Mixed Trends
Among the Asia-Pacific currencies, the Australian Dollar (AUD) and Canadian Dollar (CAD) both show modest stability. The NRB has set the Australian Dollar at Rs. 93.18 for buying and Rs. 93.57 for selling, while the Canadian Dollar stands at Rs. 101.65 for buying and Rs. 102.08 for selling.
The Singapore Dollar remains steady at Rs. 109.93 for buying and Rs. 109.89 for selling, reflecting consistent trade activities between Singapore and Nepal. The Japanese Yen, often considered a low-yield but safe-haven currency, has been pegged at Rs. 9.29 for buying and Rs. 9.65 for selling per 10 Yen.
Similarly, the Chinese Yuan has been valued at Rs. 19.91 for buying and Rs. 20.00 for selling. These figures suggest that while Asian economies remain largely stable, minor fluctuations are common due to regional trade dynamics and shifting U.S. dollar values.
Middle Eastern Currencies Stay Stable
Given the strong economic ties between Nepal and the Gulf nations, the rates of Middle Eastern currencies are of significant importance. The Saudi Arabian Riyal has been set at Rs. 37.80 for buying and Rs. 37.96 for selling, while the Qatari Riyal is valued at Rs. 38.90 for buying and Rs. 39.06 for selling.
Similarly, the UAE Dirham stands at Rs. 38.60 for buying and Rs. 38.76 for selling, maintaining its long-standing stability. The Kuwaiti Dinar, one of the highest-valued currencies globally, has been recorded at Rs. 464.09 for buying and Rs. 466.06 for selling, while the Bahraini Dinar is trading at Rs. 376.06 (buying) and Rs. 377.66 (selling).
The Omani Riyal also remains strong, with the buying rate fixed at Rs. 368.24 and the selling rate at Rs. 369.80. These Gulf currencies are particularly crucial for Nepal’s economy, as millions of Nepali migrant workers are employed in these regions, sending home billions in remittances annually.
Other International Currencies and Regional Highlights
According to the central bank, the Thai Baht has been set at Rs. 4.36 for buying and Rs. 4.38 for selling, while the Malaysian Ringgit trades at Rs. 33.63 (buying) and Rs. 33.77 (selling). The South Korean Won is recorded at Rs. 9.95 for buying and Rs. 9.99 for selling per 100 Won, showing relative steadiness.
The Swedish Kroner stands at Rs. 15.04 for buying and Rs. 15.11 for selling, whereas the Danish Kroner trades at Rs. 22.08 (buying) and Rs. 22.17 (selling). Similarly, the Hong Kong Dollar is valued at Rs. 18.22 for buying and Rs. 18.30 for selling. Among South Asian currencies, the Indian Rupee (INR), which shares a close link with the Nepali rupee, has been set at Rs. 160.00 for buying and Rs. 160.15 for selling per 100 Indian rupees.
Exchange Rates Subject to Change
The Nepal Rastra Bank has clarified that the announced rates may be revised at any time, depending on fluctuations in the international foreign exchange market. While these rates serve as an official reference, commercial banks may adopt slightly different rates based on real-time trading conditions and internal policies.
The central bank also advised that updated exchange rates are regularly available on the official NRB website, ensuring transparency and accessibility for the public, traders, and financial institutions.
