Nepal Rastra Bank (NRB) has published the official foreign exchange rates for today, setting the benchmark values for a range of international currencies. These rates serve as a reference for financial institutions, importers, exporters, and the general public engaging in cross-border financial transactions.
According to the central bank, the buying rate for one U.S. dollar has been fixed at NPR 136.35, while the selling rate stands at NPR 136.95. This continues the ongoing trend of the Nepali rupee maintaining a steady position against the U.S. dollar, one of the most traded currencies globally.
For the Eurozone currency, the Euro, NRB has determined the buying rate at NPR 153.65 and the selling rate at NPR 154.32. The British Pound Sterling, another significant currency in international trade, is being bought at NPR 182.46 and sold at NPR 183.26. Similarly, the Swiss Franc has a buying rate of NPR 163.66 and a selling rate of NPR 164.38.
In terms of trading with the Asia-Pacific region, the Australian Dollar is being exchanged at NPR 87.90 (buying) and NPR 88.29 (selling), while the Canadian Dollar stands at NPR 97.75 and NPR 98.18 respectively. The Singapore Dollar is trading at NPR 105.36 for buying and NPR 105.82 for selling.
From East Asia, the Japanese Yen (for 10 units) is being bought at NPR 9.41 and sold at NPR 9.45. Meanwhile, China’s currency, the Yuan, is pegged at NPR 18.91 for buying and NPR 18.99 for selling.
Among Gulf nations, the Saudi Arabian Riyal has been set at NPR 36.35 for buying and NPR 36.51 for selling. The Qatari Riyal is being exchanged at NPR 37.41 (buying) and NPR 37.58 (selling), and the UAE Dirham at NPR 37.12 and NPR 37.29 respectively.
Other regional currencies such as the Thai Baht are valued at NPR 4.12 for buying and NPR 4.14 for selling. The Malaysian Ringgit has been fixed at NPR 31.78 (buying) and NPR 31.92 (selling). South Korea’s currency, the Korean Won (100 units), is being bought at NPR 9.81 and sold at NPR 9.85.
Scandinavian currencies are also included in today’s update. The Swedish Krona is valued at NPR 14.09 for buying and NPR 14.16 for selling, while the Danish Krone stands at NPR 20.59 and NPR 20.69 respectively.
Among the other notable currencies, the Hong Kong Dollar is being traded at NPR 17.43 (buying) and NPR 17.51 (selling). The Kuwaiti Dinar, known for its high exchange value, has been set at NPR 443.92 for buying and NPR 445.87 for selling. Similarly, the Bahraini Dinar is being exchanged at NPR 361.68 and NPR 363.27, and the Omani Riyal at NPR 354.18 for buying and NPR 355.74 for selling.
The exchange rate for 100 Indian Rupees a critical currency for Nepal given the extensive bilateral trade and open border remains stable at NPR 160.00 for buying and NPR 160.15 for selling. This figure is particularly significant as the Indian Rupee influences a wide range of financial activities in Nepal, from remittances and travel to trade and investment.
Nepal Rastra Bank has emphasized that these rates are subject to change depending on market conditions and may be updated at any time if deemed necessary. The central bank also highlighted that the exchange rates used by commercial banks may differ slightly from the official rates, and that users can always find the latest updates on the NRB’s official website.
These exchange rates play a crucial role in facilitating international business, determining import-export pricing, and ensuring transparency in currency trading. By regularly updating and publishing these values, Nepal Rastra Bank not only provides guidance to financial institutions but also helps maintain currency market stability in Nepal’s open economy.
As Nepal continues to expand its global economic engagement, the NRB’s role in monitoring and managing currency flows becomes even more vital. Accurate and timely updates on exchange rates contribute to better financial planning, currency risk management, and informed economic decisions for both businesses and individuals.
