The Nepal Rastra Bank (NRB), the central monetary authority of Nepal, has officially published the foreign exchange rates for today, determining the buying and selling values of major international currencies. These rates, essential for importers, exporters, financial institutions, travelers, and investors, reflect the country’s monetary policy and its standing in global currency markets.
U.S. Dollar Maintains Stability Amid Global Shifts
According to NRB’s latest data, the U.S. Dollar, which remains one of the most widely traded and held foreign currencies in Nepal, is valued at NPR 136.59 for buying and NPR 137.19 for selling. This slight fluctuation from the previous day shows relatively stable behavior, indicative of controlled foreign demand and strong remittance inflow supporting the Nepali rupee.
European Currencies Witness Minor Variations
The Euro, another major foreign currency, is being exchanged at NPR 152.91 (buying) and NPR 153.58 (selling). The Pound Sterling, representing the United Kingdom’s economy, is pegged at NPR 181.46 (buying) and NPR 182.26 (selling), maintaining a strong position in the market. Switzerland’s currency, the Swiss Franc, holds firm with a buying rate of NPR 162.93 and a selling rate of NPR 163.64. These European currencies generally reflect stronger valuations due to their global demand and economic resilience.
Stable Performance by the Australian and Canadian Dollars
The Australian Dollar has been set at NPR 87.51 for buying and NPR 87.90 for selling. Similarly, the Canadian Dollar stands at NPR 97.66 for buying and NPR 98.09 for selling. These moderate figures suggest consistent demand in the remittance and trade sectors linked to these countries. Singapore’s Dollar also remains steady, traded at NPR 105.18 (buying) and NPR 105.64 (selling), indicating growing trade relationships and tourism exchanges with Southeast Asia.
Asian Currencies Reflect Broader Regional Dynamics
The Japanese Yen is being exchanged at NPR 9.36 for 10 yen (buying) and NPR 9.40 (selling), a slight increase from previous days. China’s Yuan is fixed at NPR 18.94 (buying) and NPR 19.03 (selling), revealing its significance in Nepal’s increasing imports from China.
Among the Gulf currencies, the Saudi Arabian Riyal is traded at NPR 36.42 for buying and NPR 36.58 for selling, while the Qatari Riyal follows closely at NPR 37.48 (buying) and NPR 37.64 (selling). These rates are important for Nepali migrant workers who send remittances from the Gulf region.
Exchange Rates for Other Prominent Currencies
The Thai Baht is available at NPR 4.10 for buying and NPR 4.12 for selling. The UAE Dirham is marked at NPR 37.19 (buying) and NPR 37.35 (selling). The Malaysian Ringgit stands at NPR 31.89 for buying and NPR 32.03 for selling. South Korea’s currency, the Won, is listed at NPR 9.77 for 100 Won (buying) and NPR 9.81 (selling), showing modest activity. Likewise, the Swedish Krona has been set at NPR 14.03 (buying) and NPR 14.09 (selling), while the Danish Krone is priced at NPR 20.50 and NPR 20.59, respectively.
High-Value Gulf Currencies Dominate the List
Among the highest-valued currencies, the Kuwaiti Dinar has a buying rate of NPR 444.27 and a selling rate of NPR 446.22, maintaining its reputation as one of the most expensive currencies globally. Similarly, the Bahraini Dinar is set at NPR 362.33 (buying) and NPR 363.92 (selling), and the Omani Riyal stands at NPR 354.80 and NPR 356.36. These currencies are significant for a large portion of the Nepali diaspora working in the Middle East, as fluctuations can directly affect remittance values received by families back home.
Indian Rupee Exchange Rate Remains Constant
The exchange rate for the Indian Rupee, which has a fixed yet adjustable pegging system with the Nepali Rupee, has been maintained at NPR 160.00 for 100 INR on the buying side and NPR 160.15 on the selling side. Given the shared border and large volume of cross-border trade, this rate is critical for daily economic activities.
Central Bank May Revise Rates at Any Time
The NRB has also mentioned that the published exchange rates are subject to change as per market requirements and monetary policy adjustments. These revisions may be made at any point in time, depending on the central bank’s evaluation of the foreign exchange reserve position, external sector balance, and international market developments.
While these are the official rates set by NRB, commercial banks may set slightly different rates for buying and selling foreign currencies depending on real-time market dynamics. NRB urges stakeholders to refer to its official website for the most current and accurate exchange rate updates.
Exchange Rates Crucial for Financial Planning
Today’s foreign exchange rates provide insight into the global economic landscape and the strength of the Nepali rupee. These rates impact not just travelers and importers/exporters but also play a vital role in remittance, investment decisions, and national economic planning. With fluctuating international markets, NRB’s daily updates offer necessary guidance to maintain currency stability and informed economic activities across the country.
