Nepal Rastra Bank has announced the official foreign exchange rates for today, with the value of most foreign currencies experiencing an increase. The central bank‘s latest update provides the buying and selling rates for major international currencies against the Nepalese Rupee (NPR).
According to the newly determined exchange rates, the value of the US dollar (USD) has been set at NPR 138.45 for buying and NPR 139.05 for selling. Similarly, the exchange rate for the Euro (EUR) stands at NPR 144.80 for buying and NPR 145.43 for selling.
The exchange rate for the British Pound Sterling (GBP) has been fixed at NPR 174.88 for buying and NPR 175.64 for selling. Meanwhile, the Swiss Franc (CHF) is being traded at NPR 154.22 for buying and NPR 154.89 for selling.
Among other major currencies, the Australian Dollar (AUD) is set at NPR 88.03 for buying and NPR 88.41 for selling. The Canadian Dollar (CAD) is valued at NPR 97.35 for buying and NPR 97.77 for selling. Additionally, the Singapore Dollar (SGD) stands at NPR 103.60 for buying and NPR 104.05 for selling.
The Japanese Yen (JPY) is being exchanged at NPR 9.27 for buying and NPR 9.31 for selling per 10 units. Similarly, the Chinese Yuan (CNY) is valued at NPR 19.09 for buying and NPR 19.18 for selling per unit. The Saudi Arabian Riyal (SAR) has been set at NPR 36.92 for buying and NPR 37.08 for selling, while the Qatari Riyal (QAR) is valued at NPR 37.98 for buying and NPR 38.15 for selling.
Furthermore, the Thai Baht (THB) is trading at NPR 4.12 for buying and NPR 4.14 for selling per unit. The UAE Dirham (AED) stands at NPR 37.69 for buying and NPR 37.86 for selling, while the Malaysian Ringgit (MYR) is priced at NPR 31.33 for buying and NPR 31.47 for selling.
The exchange rate for the South Korean Won (KRW) is set at NPR 9.65 per 100 units for buying and NPR 9.70 for selling. The Swedish Krona (SEK) is being exchanged at NPR 13.00 for buying and NPR 13.05 for selling per unit. The Danish Krone (DKK) stands at NPR 19.42 for buying and NPR 19.50 for selling.
According to Nepal Rastra Bank, the Hong Kong Dollar (HKD) is valued at NPR 17.82 for buying and NPR 17.90 for selling. The Kuwaiti Dinar (KWD) holds one of the highest exchange values, standing at NPR 448.78 for buying and NPR 450.73 for selling. Similarly, the Bahraini Dinar (BHD) is being traded at NPR 367.24 for buying and NPR 368.83 for selling, while the Omani Riyal (OMR) is priced at NPR 360.08 for buying and NPR 361.64 for selling.
The exchange rate for the Indian Rupee (INR) per 100 units is NPR 160.00 for buying and NPR 160.15 for selling. As the Nepalese currency is closely linked to the Indian Rupee, fluctuations in the INR often influence the NPR’s valuation against other currencies.
Nepal Rastra Bank has stated that these exchange rates are subject to revision at any time, depending on the market’s fluctuations. Additionally, commercial banks may determine slightly different exchange rates based on their own pricing policies. For the most updated foreign exchange rates, the central bank advises individuals and businesses to check their official website.
Foreign exchange rates play a crucial role in Nepal’s economy, particularly in trade, tourism, and remittances. With a large number of Nepalese migrant workers sending money from countries such as the Gulf nations, Malaysia, and South Korea, fluctuations in exchange rates directly impact household incomes. Additionally, businesses engaged in imports and exports closely monitor these changes to optimize their financial strategies.
The appreciation of foreign currencies against the Nepalese Rupee often results in increased costs for imported goods, potentially affecting inflation. On the other hand, a stronger foreign currency benefits exporters and those receiving remittances, as they get higher returns in Nepalese Rupees.
Given the volatile nature of foreign exchange markets, Nepal Rastra Bank continuously monitors global economic trends and currency movements to ensure stability. As Nepal relies on remittances and international trade, a well-managed exchange rate policy is essential to sustaining economic growth and financial security.
For travelers, businesses, and investors, understanding daily exchange rates is essential for making informed financial decisions. With fluctuating exchange rates, importers, exporters, and remittance recipients must stay updated to maximize their financial advantages. As global economic conditions continue to evolve, Nepal Rastra Bank remains committed to adjusting exchange rates as necessary to maintain monetary stability in the country.
