Nepal Rastra Bank (NRB) has released the official foreign exchange rates for today, setting benchmark rates for various international currencies against the Nepalese Rupee (NPR). These rates provide a reference for financial institutions and individuals involved in foreign exchange transactions across the country.
According to the central bank, the exchange rate for one U.S. Dollar (USD) stands at NPR 136.46 for buying and NPR 137.06 for selling. The exchange rate for the European Euro (EUR) is set at NPR 147.63 for buying and NPR 148.28 for selling. Similarly, one British Pound Sterling (GBP) is valued at NPR 176.63 for buying and NPR 177.40 for selling, while the Swiss Franc (CHF) has a buying rate of NPR 154.92 and a selling rate of NPR 155.60.
In the case of other major currencies, one Australian Dollar (AUD) is exchanged at NPR 85.30 for buying and NPR 85.68 for selling, while one Canadian Dollar (CAD) is valued at NPR 95.08 for buying and NPR 95.50 for selling. The Singapore Dollar (SGD) is quoted at NPR 101.68 for buying and NPR 102.13 for selling.
Among Asian currencies, the exchange rate for ten Japanese Yen (JPY) stands at NPR 9.14 for buying and NPR 9.18 for selling. The Chinese Yuan (CNY) is valued at NPR 18.81 for buying and NPR 18.90 for selling. The Saudi Arabian Riyal (SAR) is exchanged at NPR 36.38 for buying and NPR 36.54 for selling, while the Qatari Riyal (QAR) is priced at NPR 37.44 for buying and NPR 37.60 for selling.
The exchange rates for other prominent international currencies are as follows: one Thai Baht (THB) at NPR 4.02 for buying and NPR 4.04 for selling; one United Arab Emirates Dirham (AED) at NPR 37.15 for buying and NPR 37.32 for selling; and one Malaysian Ringgit (MYR) at NPR 30.75 for buying and NPR 30.89 for selling. The South Korean Won (KRW) for 100 units is traded at NPR 9.25 for buying and NPR 9.29 for selling, while the Swedish Krona (SEK) is valued at NPR 13.61 for buying and NPR 13.67 for selling. The Danish Krone (DKK) is priced at NPR 19.79 for buying and NPR 19.87 for selling.
Additionally, the Hong Kong Dollar (HKD) is quoted at NPR 17.54 for buying and NPR 17.62 for selling. The Kuwaiti Dinar (KWD), one of the highest-valued currencies in the world, is set at NPR 442.69 for buying and NPR 444.64 for selling. The exchange rate for the Bahraini Dinar (BHD) stands at NPR 361.99 for buying and NPR 363.58 for selling, while the Omani Riyal (OMR) is traded at NPR 354.46 for buying and NPR 356.02 for selling.
Regarding the Indian currency, the exchange rate for 100 Indian Rupees (INR) is fixed at NPR 160.00 for buying and NPR 160.15 for selling. Since the Nepalese currency is pegged to the Indian Rupee at a fixed exchange rate of 1.60, fluctuations in this rate generally remain minimal unless significant adjustments are made by the authorities.
The Nepal Rastra Bank has stated that these exchange rates are subject to change as per market dynamics and global currency fluctuations. The central bank reserves the right to revise these rates at any time as deemed necessary. It has also clarified that the rates set by commercial banks may differ slightly from the official rates due to additional transaction costs and market demand.
For real-time updates on foreign exchange rates, the NRB encourages individuals and businesses to refer to its official website. The exchange rates are updated regularly to ensure transparency and provide accurate information to the public. As foreign exchange rates play a crucial role in international trade, tourism, remittances, and financial transactions, staying informed about these fluctuations is essential for businesses, investors, and individuals engaged in foreign currency dealings.
Nepal’s economy relies heavily on remittances sent by Nepalese workers abroad, and foreign exchange rates directly impact the value of these remittances. Fluctuations in exchange rates also affect import and export businesses, influencing pricing strategies and financial planning. Additionally, foreign exchange rates are a key factor for Nepalese travelers, students studying abroad, and businesses dealing with international partners.
The Nepal Rastra Bank continues to monitor global financial trends and adjust exchange rates accordingly to maintain economic stability. As global markets experience volatility due to geopolitical tensions, inflation, and monetary policies, exchange rates may fluctuate accordingly. Therefore, businesses and individuals involved in foreign exchange transactions are advised to keep track of daily updates to make informed financial decisions.
With the increasing use of digital banking and online foreign exchange services, customers can now access updated exchange rates conveniently through mobile banking applications and online banking platforms. This has enhanced accessibility and ease of foreign currency transactions for individuals and businesses alike.
As Nepal strengthens its position in the global financial landscape, maintaining stability in foreign exchange rates remains a priority for economic growth and financial stability. The Nepal Rastra Bank plays a pivotal role in ensuring a balanced foreign exchange policy to support trade, investment, and economic progress in the country. As the global economy continues to evolve, the central bank remains committed to providing accurate, transparent, and timely foreign exchange rate information to support Nepal’s financial sector and overall economic development.
