The Nepal Rastra Bank (NRB) has released the foreign exchange rates for today, setting the buying and selling prices of various foreign currencies against the Nepalese Rupee (NPR). According to the central bank, the exchange rate for the US Dollar (USD) stands at NPR 139.50 for buying and NPR 140.10 for selling.
The European Euro (EUR) is valued at NPR 145.78 for buying and NPR 146.41 for selling, while the British Pound Sterling (GBP) is being exchanged at NPR 176.47 for buying and NPR 177.23 for selling. The Swiss Franc (CHF) has a buying rate of NPR 154.79 and a selling rate of NPR 155.46.
Similarly, the exchange rate for the Australian Dollar (AUD) is set at NPR 86.83 for buying and NPR 87.21 for selling. The Canadian Dollar (CAD) is trading at NPR 96.69 for buying and NPR 97.11 for selling. The Singapore Dollar (SGD) has a buying rate of NPR 103.46 and a selling rate of NPR 103.90.
In the Asian currency market, the Japanese Yen (JPY) is being exchanged at NPR 9.25 per 10 units for buying and NPR 9.29 for selling. The Chinese Yuan (CNY) is valued at NPR 19.13 for buying and NPR 19.21 for selling. The Saudi Arabian Riyal (SAR) has been fixed at NPR 37.20 for buying and NPR 37.36 for selling, while the Qatari Riyal (QAR) is at NPR 38.28 for buying and NPR 38.44 for selling.
Furthermore, the Thai Baht (THB) has a buying rate of NPR 4.08 and a selling rate of NPR 4.10. The exchange rate for the United Arab Emirates Dirham (AED) stands at NPR 37.99 for buying and NPR 38.15 for selling. The Malaysian Ringgit (MYR) is being traded at NPR 31.24 for buying and NPR 31.37 for selling. The South Korean Won (KRW) is exchanged at NPR 9.56 per 100 units for buying and NPR 9.60 for selling. The Swedish Krona (SEK) is valued at NPR 13.07 for buying and NPR 13.13 for selling, whereas the Danish Krone (DKK) has a buying rate of NPR 19.55 and a selling rate of NPR 19.63.
The Hong Kong Dollar (HKD) is trading at NPR 17.94 for buying and NPR 18.02 for selling. Among the high-value currencies, the Kuwaiti Dinar (KWD) has a buying rate of NPR 451.79 and a selling rate of NPR 453.74. The Bahraini Dinar (BHD) is being exchanged at NPR 370.10 for buying and NPR 371.69 for selling. The Omani Riyal (OMR) has been fixed at NPR 362.35 for buying and NPR 363.91 for selling.
For Indian Rupees (INR), the exchange rate for NPR 100 is set at NPR 160 for buying and NPR 160.15 for selling. As the Nepali currency is pegged to the Indian Rupee at a fixed rate, the exchange value of NPR 100 against INR remains relatively stable.
Nepal Rastra Bank has stated that these exchange rates are subject to modification as per market fluctuations and foreign exchange requirements. Furthermore, commercial banks may set different exchange rates based on their own assessments, and the latest rates will always be available on the central bank’s official website.
The release of daily foreign exchange rates is crucial for individuals and businesses engaged in international trade, remittance transactions, and foreign investments. These rates directly impact importers, exporters, and financial institutions that rely on currency exchange for transactions. Additionally, Nepali workers abroad who send remittances home closely monitor these rates to determine the best time for money transfers.
In the broader economic context, fluctuations in foreign exchange rates can affect Nepal’s balance of trade and inflation levels. A stronger US Dollar, for instance, can make imports costlier, thereby increasing inflationary pressures, while a weaker Dollar may benefit exporters by making Nepali goods more competitive in international markets.
As global economic conditions continue to evolve, exchange rates will remain a key indicator of Nepal’s economic standing in the international financial market. Nepal Rastra Bank’s regular updates help ensure transparency and provide necessary information to stakeholders engaged in foreign exchange transactions. Market participants are advised to stay informed about currency fluctuations and refer to official sources for the latest exchange rate adjustments.
For more information on foreign exchange rates and updates, individuals and businesses can visit Nepal Rastra Bank’s official website or consult with their respective commercial banks.
