Nepal Rastra Bank (NRB), the central bank of Nepal, has released the official foreign currency exchange rates for Thursday, reflecting updated buying and selling rates for a range of international currencies. These rates serve as a reference for commercial banks and financial institutions across the country while engaging in foreign exchange transactions.
U.S. Dollar Nears NPR 138
According to the latest data published by Nepal Rastra Bank, the exchange rate for one U.S. Dollar has been fixed at NPR 137.21 for buying and NPR 137.81 for selling. This figure indicates a continued strength of the dollar in the Nepali market, following global trends and domestic demand for the greenback, particularly in trade, tourism, and remittances.
European Currencies Remain Strong
Among the major global currencies, the Euro has been set at NPR 159.31 for buying and NPR 160 for selling. The British Pound Sterling, which has been performing robustly in international markets, is being traded at NPR 183.86 for buying and NPR 184.67 for selling. The Swiss Franc also maintains a strong position with a buying rate of NPR 171.01 and a selling rate of NPR 171.76.
Asia-Pacific Currencies Show Moderate Movement
From the Asia-Pacific region, the Australian Dollar is valued at NPR 89.45 for buying and NPR 89.84 for selling. The Canadian Dollar, another key trading currency, is fixed at NPR 99.94 for buying and NPR 100.39 for selling. Singapore’s Dollar stands at NPR 106.78 for buying and NPR 107.25 for selling.
Japan’s Yen, calculated per 10 units, is being traded at NPR 9.22 for buying and NPR 9.26 for selling, reflecting relatively minor fluctuations. Meanwhile, the Chinese Yuan is placed at NPR 19.11 for buying and NPR 19.20 for selling, consistent with regional trading stability between Nepal and China.
Middle Eastern Currencies: High in Value
Given Nepal’s large migrant labor force in the Gulf countries, the rates of Middle Eastern currencies continue to be closely watched. As per NRB, the Saudi Arabian Riyal is fixed at NPR 36.58 for buying and NPR 36.74 for selling. The Qatari Riyal stands at NPR 37.65 for buying and NPR 37.81 for selling. The UAE Dirham is priced at NPR 37.36 for buying and NPR 37.52 for selling.
Among the higher-value currencies, the Kuwaiti Dinar remains the most expensive, with the central bank setting its buying rate at NPR 448.75 and the selling rate at NPR 450.71. Similarly, the Bahraini Dinar is being traded at NPR 363.95 for buying and NPR 365.54 for selling. The Omani Riyal stands at NPR 356.38 for buying and NPR 357.93 for selling. These high exchange rates reflect the strong demand for these currencies among Nepalese workers and businesses involved in the Gulf region.
Other Asian Currencies: Minor Fluctuations
The Thai Baht is trading at NPR 4.22 for buying and NPR 4.23 for selling, a small variation suggesting a relatively stable exchange flow. The Malaysian Ringgit is fixed at NPR 32.23 for buying and NPR 32.46 for selling. The South Korean Won, based on 100 units, is being exchanged at NPR 9.87 for buying and NPR 9.91 for selling.
These moderate rates reflect Nepal’s growing but still limited trade and employment connectivity with Southeast and East Asian economies compared to the Gulf or Western nations.
Scandinavian Currencies Included
Nepal Rastra Bank has also provided rates for Scandinavian currencies. The Swedish Krona is valued at NPR 14.07 for buying and NPR 14.13 for selling. The Danish Krone is priced at NPR 21.35 for buying and NPR 21.44 for selling. These currencies, while not commonly traded in large volumes in Nepal, are still listed as part of the broader financial reference data.
Other Foreign Currencies and Indian Rupee
The Hong Kong Dollar has been fixed at NPR 17.48 for buying and NPR 17.56 for selling. As for the Indian Rupee, which is closely linked to the Nepali currency and economy, the buying rate for INR 100 is set at NPR 160, while the selling rate is slightly higher at NPR 160.15. This parity indicates stability in the exchange arrangement between Nepal and its southern neighbor, facilitated through long-standing monetary cooperation.
Rates Subject to Revision
The central bank has clarified that these exchange rates may be revised at any time, depending on market conditions and international currency movements. Additionally, commercial banks in Nepal may offer slightly different exchange rates based on their internal policies and trading dynamics.
Nepal Rastra Bank emphasized that the official exchange rates are regularly updated and published on its official website. These updates are essential for travelers, importers, exporters, remittance service providers, and others engaged in financial transactions involving foreign currencies.
The exchange rate system managed by the central bank ensures economic stability, supports international trade, and facilitates monetary planning. As Nepal continues to depend heavily on foreign employment and import-oriented trade, the accurate and timely dissemination of currency rates remains a vital function of Nepal Rastra Bank.
