Nepal Rastra Bank has announced the foreign exchange rates for today, setting the values of various international currencies against the Nepalese Rupee. According to the central bank, the exchange rate of the US dollar remains stable, while the values of the Euro, UK Pound Sterling, Swiss Franc, Australian Dollar, Canadian Dollar, and Singapore Dollar have increased.
As per the latest exchange rate, the buying rate for one US dollar is set at NPR 138.62, while the selling rate stands at NPR 139.22. Similarly, the exchange rate for one Euro is fixed at NPR 145.45 for buying and NPR 146.08 for selling. The UK Pound Sterling is being traded at NPR 174.47 for buying and NPR 175.23 for selling, while the Swiss Franc has been valued at NPR 154.12 for buying and NPR 154.78 for selling.
In terms of other major currencies, the exchange rate for one Australian Dollar has been set at NPR 88.05 for buying and NPR 88.43 for selling. The Canadian Dollar stands at NPR 97.73 for buying and NPR 98.15 for selling. Similarly, the Singapore Dollar has been valued at NPR 103.49 for buying and NPR 103.93 for selling, as per the central bank’s latest update.
Among Asian currencies, the exchange rate for 10 Japanese Yen is NPR 9.10 for buying and NPR 9.14 for selling. The Chinese Yuan is being traded at NPR 19.11 for buying and NPR 19.19 for selling. Likewise, the Saudi Arabian Riyal has been set at NPR 36.96 for buying and NPR 37.12 for selling, whereas the Qatari Riyal is valued at NPR 38.02 for buying and NPR 38.19 for selling.
For other regional currencies, the exchange rate for one Thai Baht is NPR 4.12 for buying and NPR 4.14 for selling. The exchange rate for one UAE Dirham is set at NPR 37.74 for buying and NPR 37.90 for selling. The Malaysian Ringgit stands at NPR 31.26 for buying and NPR 31.39 for selling. Additionally, 100 South Korean Won is being exchanged at NPR 9.62 for buying and NPR 9.66 for selling. The Swedish Krona has been valued at NPR 12.96 for buying and NPR 13.02 for selling, while the Danish Krone is being traded at NPR 19.49 for buying and NPR 19.58 for selling.
In the case of Gulf currencies, the Hong Kong Dollar has been set at NPR 17.81 for buying and NPR 17.88 for selling. The Kuwaiti Dinar, one of the highest-valued currencies, is being exchanged at NPR 449.19 for buying and NPR 451.13 for selling. Similarly, the Bahraini Dinar stands at NPR 367.78 for buying and NPR 369.37 for selling, while the Omani Riyal is being traded at NPR 360.04 for buying and NPR 361.60 for selling.
Regarding the exchange rate of the Indian Rupee, the buying rate for INR 100 is NPR 160.00, while the selling rate is slightly higher at NPR 160.15. Since the exchange rate between the Nepalese Rupee and the Indian Rupee is largely controlled due to the peg system, the fluctuation in rates remains minimal.
The Nepal Rastra Bank has also stated that the exchange rates may be revised at any time as per necessity. It has further clarified that commercial banks may set different exchange rates depending on market conditions. The updated exchange rates are available on the central bank’s official website for public reference.
The fluctuation in foreign exchange rates is influenced by various global economic factors, including interest rate policies, inflation, trade balance, and geopolitical developments. The strengthening of major global currencies like the Euro, Pound Sterling, and Swiss Franc indicates rising demand in the international market. Meanwhile, the stability of the US Dollar suggests a balanced supply and demand scenario.
For businesses and individuals engaged in foreign trade, remittances, or currency exchange, these exchange rates play a crucial role in financial planning. The central bank continues to monitor international market trends to ensure stability in Nepal’s foreign exchange system.
