The Nepal Rastra Bank (NRB) has released the official foreign exchange rates for today, determining the buying and selling rates for various foreign currencies. These exchange rates are crucial for traders, businesses, tourists, and investors who engage in foreign currency transactions within Nepal.
According to the central bank, the exchange rate for the US Dollar (USD) stands at NPR 138.59 for buying and NPR 139.19 for selling. The Euro (EUR), one of the most widely used currencies in the world, has a buying rate of NPR 151.12 and a selling rate of NPR 151.66. Similarly, the British Pound Sterling (GBP), known for its stability in international markets, is being traded at a buying rate of NPR 179.78 and a selling rate of NPR 180.56. The Swiss Franc (CHF), another widely recognized currency, has a buying rate of NPR 157.02 and a selling rate of NPR 157.70.
Among other major currencies, the Australian Dollar (AUD) has been set at NPR 88.00 for buying and NPR 88.39 for selling, while the Canadian Dollar (CAD) is valued at NPR 96.58 for buying and NPR 97.00 for selling. Similarly, the Singapore Dollar (SGD), an essential currency for regional trade, is exchanged at NPR 104.06 for buying and NPR 104.51 for selling.
Regarding Asian currencies, the Japanese Yen (JPY), traded in units of 10, is currently set at NPR 9.33 for buying and NPR 9.37 for selling. The Chinese Yuan (CNY), widely used in Nepal-China trade, has an exchange rate of NPR 19.16 for buying and NPR 19.24 for selling. The Saudi Arabian Riyal (SAR) is set at NPR 36.95 for buying and NPR 37.11 for selling, while the Qatari Riyal (QAR) is valued at NPR 38.02 for buying and NPR 38.19 for selling.
Additionally, the Thai Baht (THB) is trading at NPR 4.13 for buying and NPR 4.14 for selling, while the United Arab Emirates Dirham (AED) is priced at NPR 37.74 for buying and NPR 37.90 for selling. The Malaysian Ringgit (MYR) has an exchange rate of NPR 31.18 for buying and NPR 31.31 for selling. In terms of the South Korean Won (KRW), per 100 units, the exchange rate is NPR 9.57 for buying and NPR 9.61 for selling. The Swedish Krona (SEK) is set at NPR 13.70 for buying and NPR 13.76 for selling, whereas the Danish Krone (DKK) is valued at NPR 20.26 for buying and NPR 20.34 for selling.
Among the Gulf currencies, the Hong Kong Dollar (HKD) has been fixed at NPR 17.84 for buying and NPR 17.91 for selling. The Kuwaiti Dinar (KWD), one of the highest-valued currencies globally, stands at NPR 450.10 for buying and NPR 452.05 for selling. Similarly, the Bahraini Dinar (BHD) is set at NPR 367.84 for buying and NPR 369.23 for selling. The Omani Riyal (OMR) is valued at NPR 359.97 for buying and NPR 361.53 for selling.
Regarding regional transactions, the Indian Rupee (INR) remains a vital currency for Nepal’s economy. The exchange rate for INR 100 has been fixed at NPR 160.00 for buying and NPR 160.15 for selling. The Nepal-India trade relationship makes the valuation of the Indian Rupee significant for importers, exporters, and general consumers.
The Nepal Rastra Bank has also indicated that the exchange rates are subject to fluctuation based on market dynamics and international financial trends. The bank reserves the right to modify these rates at any given time depending on economic conditions. Additionally, commercial banks may set their own exchange rates, which could slightly differ from the central bank’s rates. For real-time updates and official revisions, individuals and businesses are advised to check the Nepal Rastra Bank’s website.
Foreign exchange rates are essential for Nepal’s economy as they impact various sectors, including tourism, trade, and remittances. Nepal, being heavily dependent on remittances, relies on stable exchange rates for economic stability. Any fluctuations in foreign exchange rates can affect the purchasing power of Nepali citizens, businesses, and investors dealing in foreign currencies.
With globalization and increasing international transactions, foreign exchange rates have become an integral part of financial planning for businesses and individuals alike. The rates provided by Nepal Rastra Bank play a crucial role in guiding monetary transactions and ensuring a stable financial environment within the country.
As Nepal continues to engage in international trade and tourism, keeping track of foreign exchange rates becomes imperative. The current rates reflect Nepal’s economic interactions with global currencies and will continue to shape financial decisions in various sectors. For daily updates, businesses and individuals are encouraged to follow the official website of Nepal Rastra Bank, where updated exchange rates are published regularly.
