Nepal Rastra Bank (NRB) has set the exchange rates for various foreign currencies for today. According to the central bank, the exchange rate for the US dollar remains stable. As per the latest updates, the buying rate for one US dollar is NPR 137.26, while the selling rate is NPR 137.86.
Similarly, the exchange rate for the European Euro has been fixed at NPR 148.45 for buying and NPR 149.10 for selling. The British Pound Sterling is trading at NPR 177.33 for buying and NPR 178.11 for selling. The Swiss Franc, another widely used currency, has been valued at NPR 155.39 for buying and NPR 156.07 for selling.
In the Asian and Pacific region, the Australian dollar’s exchange rate has been determined at NPR 86.08 for buying and NPR 86.45 for selling. The Canadian dollar is set at NPR 95.65 for buying and NPR 96.07 for selling, while the Singapore dollar is valued at NPR 102.73 for buying and NPR 103.18 for selling.
The exchange rate of the Japanese Yen stands at NPR 9.19 for buying per 10 units and NPR 9.23 for selling. Meanwhile, the Chinese Yuan is priced at NPR 18.93 for buying and NPR 19.02 for selling. The Saudi Arabian Riyal has a buying rate of NPR 36.59 and a selling rate of NPR 36.75, whereas the Qatari Riyal is being traded at NPR 37.65 for buying and NPR 37.82 for selling.
According to the central bank, the Thai Baht’s exchange rate has been determined at NPR 4.07 for buying and NPR 4.08 for selling. The exchange rate for the UAE Dirham stands at NPR 37.37 for buying and NPR 37.53 for selling, while the Malaysian Ringgit is being traded at NPR 31.05 for buying and NPR 31.18 for selling.
In East Asia, the South Korean Won is valued at NPR 9.38 per 100 units for buying and NPR 9.42 for selling. The Swedish Kroner is set at NPR 13.53 for buying and NPR 13.59 for selling, whereas the Danish Kroner is trading at NPR 19.90 for buying and NPR 19.99 for selling.
Among the widely traded currencies, the Hong Kong Dollar has been valued at NPR 17.66 for buying and NPR 17.73 for selling. The Kuwaiti Dinar remains one of the highest-valued currencies, with its exchange rate fixed at NPR 445.29 for buying and NPR 447.23 for selling. Similarly, the Bahraini Dinar is set at NPR 364.12 for buying and NPR 365.71 for selling. The exchange rate for the Omani Riyal has been fixed at NPR 356.59 for buying and NPR 358.15 for selling.
Additionally, the Indian Rupee, which plays a significant role in Nepal’s trade and economy, has been fixed at NPR 160.00 per 100 units for buying and NPR 160.15 for selling.
Nepal Rastra Bank has also stated that these exchange rates are subject to change as per market fluctuations and can be revised as needed. Commercial banks may offer slightly different rates based on open market trends. The most updated exchange rates can be accessed through the official website of Nepal Rastra Bank.
The foreign exchange market plays a crucial role in Nepal’s economy, affecting various sectors, including imports, exports, remittances, and tourism. The stability of the US dollar is particularly significant for businesses and traders dealing in international transactions. The fluctuation of other major currencies, such as the Euro, Pound Sterling, and Chinese Yuan, also impacts Nepal’s economy, influencing inflation, investment, and trade.
In recent years, the exchange rate of the Nepalese Rupee against major international currencies has seen several fluctuations due to global economic trends, inflation, and changes in monetary policies. The increasing value of the US dollar often affects Nepal’s import costs, leading to higher prices for goods and services. At the same time, a strong US dollar benefits Nepalese workers abroad as they send remittances back home.
The central bank closely monitors the exchange rate trends and makes necessary interventions to ensure stability in the foreign exchange market. In some cases, NRB may take measures such as adjusting interest rates, buying or selling foreign currency reserves, or implementing policy changes to manage exchange rate fluctuations effectively.
With Nepal’s economy being highly dependent on remittances, the exchange rate of foreign currencies plays a significant role in the financial well-being of millions of Nepalese families. A stronger US dollar means that Nepalese working abroad can send more money home, boosting household income and increasing spending power. Conversely, a weaker exchange rate may lead to higher costs for imported goods and inflationary pressure on the domestic market.
Moreover, Nepal’s tourism sector is also impacted by foreign exchange rates. Tourists from countries with stronger currencies find Nepal more affordable, encouraging more visitors to explore the country. The ongoing fluctuation of exchange rates requires businesses in the tourism industry to adjust their pricing strategies accordingly.
Experts suggest that maintaining a balanced exchange rate is essential for economic stability. A sudden increase or decrease in the value of foreign currencies can create uncertainties in trade, business, and investment. To mitigate such risks, Nepal Rastra Bank implements policies that promote sustainable economic growth and financial stability.
The exchange rates announced today provide insight into the current economic scenario and help businesses, travelers, and remittance senders make informed decisions. Whether individuals are planning foreign trips, engaging in international trade, or sending money home, keeping track of exchange rates remains crucial.
For the most recent updates and official exchange rates, Nepal Rastra Bank advises checking its official website or consulting with commercial banks. As exchange rates can change rapidly based on market conditions, staying informed can help individuals and businesses manage their finances effectively.
Today’s exchange rate announcement by Nepal Rastra Bank highlights the importance of foreign currency valuation in Nepal’s financial system. While the US dollar remains stable, fluctuations in other major currencies impact different sectors of the economy. By monitoring these rates closely and implementing appropriate policies, the central bank aims to maintain economic stability and support sustainable growth.
