Nepal Rastra Bank (NRB), the central monetary authority of Nepal, has announced the official foreign exchange rates for today. These rates are applicable for commercial transactions and provide a reference for banks and financial institutions operating within Nepal. According to NRB, the buying and selling rates for major foreign currencies have been updated and are subject to revision depending on fluctuations in the global currency market.
As per today’s update, the exchange rate for one US Dollar (USD) has been fixed at NPR 138.13 for buying and NPR 138.73 for selling. Similarly, the Euro (EUR) is being bought at NPR 161.79 and sold at NPR 162.49, while the British Pound Sterling (GBP) stands at a buying rate of NPR 185.66 and a selling rate of NPR 186.47.
Other major currencies include the Swiss Franc (CHF), which is set at NPR 173.21 for buying and NPR 173.97 for selling. The Australian Dollar (AUD) is being exchanged at NPR 90.61 for buying and NPR 91.01 for selling, while the Canadian Dollar (CAD) is set at NPR 100.99 for buying and NPR 101.43 for selling. Similarly, the Singapore Dollar (SGD) can be purchased at NPR 107.76 and sold at NPR 108.23.
Among Asian currencies, the Japanese Yen (JPY), quoted per 10 units, is available at NPR 9.34 for buying and NPR 9.38 for selling, and the Chinese Yuan (CNY) is being exchanged at NPR 19.27 for buying and NPR 19.35 for selling. The Saudi Arabian Riyal (SAR) stands at NPR 36.82 for buying and NPR 36.98 for selling, while the Qatari Riyal (QAR) is listed at NPR 37.79 for buying and NPR 37.96 for selling.
According to the central bank, the Thai Baht (THB) is currently being traded at NPR 4.26 for buying and NPR 4.28 for selling, and the UAE Dirham (AED) is priced at NPR 37.61 and NPR 37.77 for buying and selling respectively. Similarly, the Malaysian Ringgit (MYR) is available at NPR 32.72 (buying) and NPR 32.86 (selling). The South Korean Won (KRW), quoted per 100 units, is being traded at NPR 9.99 for buying and NPR 10.04 for selling.
The central bank has also fixed the rates for other European currencies such as the Swedish Krona (SEK) and the Danish Krone (DKK). The Swedish Krona is priced at NPR 14.48 (buying) and NPR 14.54 (selling), while the Danish Krone is set at NPR 21.67 for buying and NPR 21.77 for selling.
Among the high-value currencies, the Hong Kong Dollar (HKD) is available at NPR 17.60 for buying and NPR 17.67 for selling. The Kuwaiti Dinar (KWD), one of the highest valued currencies in the global market, is being bought at NPR 452.38 and sold at NPR 454.35. Similarly, the Bahraini Dinar (BHD) is priced at NPR 366.48 for buying and NPR 368.08 for selling, and the Omani Riyal (OMR) is listed at NPR 358.77 and NPR 360.33 respectively.
Indian Rupee Rate Remains Stable
One of the most relevant exchange rates for daily transactions and border trade in Nepal is that of the Indian Rupee (INR). The rate for 100 Indian Rupees has been fixed at NPR 160.00 for buying and NPR 160.15 for selling. This rate holds significance especially for businesses and consumers near the Nepal-India border, where trade and remittance activities are frequent and essential to the local economy.
Exchange Rates Subject to Market Fluctuation
Nepal Rastra Bank has made it clear that the above rates are indicative and subject to revision as per market conditions. These rates can be altered at any time depending on the fluctuations in the international foreign exchange market. Furthermore, commercial banks may offer slightly different rates than those published by the central bank, depending on their internal policies, market demands, and operational costs.
For the most accurate and updated information, the central bank has encouraged the public to visit its official website, where the latest exchange rates are published daily. These rates are particularly useful for import-export businesses, travelers, remittance senders and receivers, and currency exchange institutions.
Relevance of Daily Exchange Rates to the Economy
Foreign exchange rates have a significant impact on Nepal’s overall economy, particularly because of the country’s high dependence on imports and foreign remittances. Fluctuations in exchange rates can influence the cost of imported goods, the competitiveness of Nepali exports, and the income levels of families reliant on remittances from abroad.
Today’s published rates reflect Nepal’s ongoing engagement with the global financial system and the central bank’s efforts to maintain transparency and economic stability. With a large number of Nepalis working in countries like the UAE, Qatar, Saudi Arabia, Malaysia, Japan, and South Korea, daily exchange rates are crucial in determining the value of the remittances that form a significant portion of Nepal’s GDP.
The Nepal Rastra Bank’s daily publication of foreign exchange rates serves as an essential tool for economic monitoring and financial planning, and ensures a standardized reference point for all currency-related transactions across the nation.
