The Nepal Rastra Bank has released the latest open market exchange rates, revealing insights into the buying and selling prices of various currencies. This report provides a comprehensive comparison of these rates and highlights significant changes in the value of the US dollar compared to the previous day’s market prices.
The Indian Rupee (INR) is exchanged at a buying rate of NPR 160.00 and a selling rate of NPR 160.15 for 100 units. This marginal difference indicates a stable market for INR. The US Dollar (USD) shows a buying rate of NPR 133.36 and a selling rate of NPR 133.96 per unit. Comparing this to yesterday’s rates, there has been a slight fluctuation, reflecting the dynamic nature of the forex market. The European Euro (EUR) is currently bought at NPR 142.60 and sold at NPR 143.24 per unit. Similarly, the UK Pound Sterling (GBP) is traded at NPR 168.65 for buying and NPR 169.41 for selling, reflecting a slight premium over the euro, consistent with global forex trends.
The Swiss Franc (CHF) is another notable currency, with buying and selling rates at NPR 149.19 and NPR 149.86, respectively. This stable and relatively high exchange rate indicates strong performance in the forex market. The Australian Dollar (AUD) and Canadian Dollar (CAD) are also traded actively, with the AUD being bought at NPR 88.56 and sold at NPR 88.96, while the CAD is bought at NPR 97.37 and sold at NPR 97.81.
For Asian currencies, the Japanese Yen (JPY) trades at NPR 8.35 for buying and NPR 8.38 for selling per 10 units. The Chinese Yuan (CNY) shows buying and selling rates of NPR 18.37 and NPR 18.45, respectively, indicating slight market stability. The Saudi Arabian Riyal (SAR) and Qatari Riyal (QAR) show close exchange rates, with SAR trading at NPR 35.55 for buying and NPR 35.71 for selling, and QAR at NPR 36.58 for buying and NPR 36.74 for selling.
Other currencies, such as the Thai Baht (THB), UAE Dirham (AED), Malaysian Ringgit (MYR), South Korean Won (KRW), Swedish Kroner (SEK), Danish Kroner (DKK), and Hong Kong Dollar (HKD), have varied rates reflecting their market demands. The THB is bought at NPR 3.63 and sold at NPR 3.65, while the AED trades at NPR 36.31 for buying and NPR 36.47 for selling. Significantly, the Kuwaiti Dinar (KWD) and Bahraini Dinar (BHD) hold high exchange values, with the KWD being bought at NPR 434.54 and sold at NPR 436.49, and the BHD being bought at NPR 353.74 and sold at NPR 355.33.
The exchange rates reflect the diverse and dynamic nature of the forex market in Nepal. The slight variations in the buying and selling rates across different currencies highlight the ongoing adjustments in response to global economic trends and demand-supply factors. The analysis of these rates provides valuable insights for traders, travelers, and financial analysts, helping them make informed decisions in the currency market.
