Nepal Rastra Bank (NRB), the central bank of Nepal, has announced the foreign currency exchange rates applicable for today. According to the NRB, the exchange rate for the US dollar has been set at a buying rate of NPR 139.34 and a selling rate of NPR 139.94. These rates serve as a benchmark for commercial banks and financial institutions across the country, guiding transactions involving foreign currencies.
Major Currencies: Euro, Pound, Swiss Franc
The European Euro (EUR) is being traded at a buying rate of NPR 162.32 and a selling rate of NPR 163.02. Similarly, the UK Pound Sterling (GBP) has a buying rate of NPR 187.54 and a selling rate of NPR 188.35. The Swiss Franc (CHF), another significant currency in international trade, has been fixed at NPR 172.85 for buying and NPR 173.59 for selling. These rates reflect the ongoing fluctuations in the global currency market and their impact on Nepal’s foreign exchange system.
Dollar Variants and Regional Currencies
Other major currencies, including the Australian Dollar (AUD) and the Canadian Dollar (CAD), have been set at NPR 89.60 and NPR 100.39 for buying, and NPR 89.98 and NPR 100.82 for selling, respectively. The Singapore Dollar (SGD) is being traded at a buying rate of NPR 108.28 and a selling rate of NPR 108.74. These rates are essential for trade, remittances, and investment flows between Nepal and countries using these currencies.
In East Asia, the Japanese Yen (JPY) is quoted at NPR 9.42 per 10 units for buying and NPR 9.46 for selling, while the Chinese Yuan (CNY) has been fixed at NPR 19.41 for buying and NPR 19.50 for selling. Meanwhile, the South Korean Won (KRW) has a buying rate of NPR 9.97 per 100 units and a selling rate of NPR 10.01.
Middle Eastern and Southeast Asian Currencies
The central bank has also set rates for currencies from the Middle East and Southeast Asia. The Saudi Riyal (SAR) is traded at NPR 37.13 for buying and NPR 37.29 for selling, and the Qatari Riyal (QAR) at NPR 38.23 for buying and NPR 38.40 for selling. The UAE Dirham (AED) has a buying rate of NPR 37.94 and a selling rate of NPR 38.10. Meanwhile, the Omani Rial (OMR) is set at NPR 361.92 for buying and NPR 363.48 for selling.
Southeast Asian currencies such as the Thai Baht (THB) are priced at NPR 4.27 for buying and NPR 4.29 for selling. The Malaysian Ringgit (MYR) has a buying rate of NPR 32.98 and a selling rate of NPR 33.13. These currencies are widely used by Nepali traders, tourists, and migrant workers.
Other Important International Currencies
The Hong Kong Dollar (HKD) has been set at NPR 17.83 for buying and NPR 17.91 for selling. Scandinavian currencies such as the Swedish Krona (SEK) and Danish Kroner (DKK) are priced at NPR 14.54 and NPR 21.75 for buying, and NPR 14.60 and NPR 21.84 for selling, respectively. These rates facilitate international trade, travel, and investment decisions for Nepali citizens and businesses.
Regional Neighbor: Indian Rupee
Given Nepal’s close economic ties with India, the Indian Rupee (INR) exchange rate remains crucial for daily transactions, cross-border trade, and remittances. Today, the central bank has set the buying rate for 100 Indian Rupees at NPR 160 and the selling rate at NPR 160.15. This rate serves as a reference point for businesses and individuals conducting financial dealings with India.
Flexibility and Monitoring by Nepal Rastra Bank
The central bank has stated that it reserves the right to adjust these exchange rates whenever necessary. Exchange rates set by commercial banks may differ slightly based on market conditions and bank-specific policies. The NRB has made updated exchange rates available on its official website to ensure transparency and public access.
Significance for Economy and Businesses
Foreign exchange rates play a pivotal role in Nepal’s economy, influencing import-export transactions, remittance flows, tourism, and investment. Businesses, especially importers and exporters, monitor these rates closely to plan purchases, sales, and pricing strategies. Fluctuations in rates can impact profit margins, cost of goods, and overall economic stability.
For remittance-dependent households, accurate and up-to-date exchange rates ensure that families receive the correct value for money sent from abroad. Moreover, foreign exchange rates affect the cost of international travel, tuition fees for students studying abroad, and investment decisions for Nepali businesses venturing into foreign markets.
Public Advisory
Nepal Rastra Bank has urged individuals, businesses, and financial institutions to regularly check the official rates and plan their transactions accordingly. Awareness of the daily rates helps avoid losses and ensures smooth financial operations. The NRB’s website remains the official source for accurate exchange rate information.
Today’s foreign exchange rates announced by Nepal Rastra Bank provide a clear benchmark for currency transactions in the country. With the US Dollar, Euro, Pound, and other major international currencies seeing slight variations, businesses, travelers, and remittance receivers are advised to stay informed. The central bank’s proactive monitoring and adjustment of rates reflect its commitment to stabilizing Nepal’s currency market and supporting economic activities nationwide.
