Nepal Rastra Bank (NRB), the country’s central bank, has announced the foreign currency exchange rates for Friday. According to NRB, the value of the US dollar remains stable compared to the previous day. The buying rate for one US dollar has been set at NPR 137.96, while the selling rate stands at NPR 138.56. These rates are unchanged from Thursday, indicating steady demand and supply conditions for the US dollar in the Nepali foreign exchange market.
European and British Currencies Exchange Rates
The exchange rates for major European currencies have also been fixed by NRB. The Euro, widely used across many European countries, is valued at a buying rate of NPR 162.08 per one Euro and a selling rate of NPR 162.78. The British Pound Sterling commands a higher rate, with the buying price set at NPR 186.81 and the selling price at NPR 187.62.
The Swiss Franc, another significant currency in global markets, is priced at NPR 173.62 for buying and NPR 174.38 for selling. These rates reflect the relative strength of these currencies against the Nepali rupee as determined by market conditions and international currency trends.
Rates for Australian, Canadian, and Singapore Dollars
Among other prominent currencies, the Australian dollar is fixed at a buying rate of NPR 91.21 and a selling rate of NPR 91.61. The Canadian dollar follows closely with buying and selling rates of NPR 101.33 and NPR 101.77 respectively. The Singapore dollar stands at NPR 108.00 for buying and NPR 108.47 for selling.
These rates indicate moderate valuation and fluctuations in the exchange rates of the Australasian currencies in relation to the Nepali rupee.
Asian Currency Exchange Rates
In Asia, the Japanese yen’s rate for 10 units has been set at NPR 9.41 for buying and NPR 9.45 for selling. The Chinese yuan is trading at NPR 19.28 for buying and NPR 19.36 for selling per unit. The Saudi Arabian Riyal is priced at NPR 36.77 for buying and NPR 36.93 for selling, while the Qatari Riyal commands a slightly higher rate of NPR 37.85 for buying and NPR 38.01 for selling.
Other regional currencies such as the Thai Baht have a buying rate of NPR 4.27 and a selling rate of NPR 4.29. The UAE Dirham is at NPR 37.56 for buying and NPR 37.72 for selling, and the Malaysian Ringgit stands at NPR 32.73 for buying and NPR 32.87 for selling.
South Korea’s currency, the won, for 100 units, is valued at NPR 10.07 for buying and NPR 10.11 for selling. The Swedish Krona is fixed at NPR 14.47 for buying and NPR 14.54 for selling, while the Danish Kroner stands at NPR 21.71 for buying and NPR 21.81 for selling.
Rates for Hong Kong Dollar and Middle Eastern Currencies
Nepal Rastra Bank has also set the rates for the Hong Kong Dollar at NPR 17.57 for buying and NPR 17.65 for selling. The Kuwaiti Dinar, known for its high value, is priced at NPR 452.30 for buying and NPR 454.27 for selling. Similarly, the Bahraini Dinar is valued at NPR 366.03 for buying and NPR 367.63 for selling, while the Omani Riyal stands at NPR 358.33 for buying and NPR 359.89 for selling.
Indian Rupee Exchange Rate
Given the close economic and trade ties between Nepal and India, the Indian Rupee exchange rate holds significant importance. The rate for 100 Indian rupees has been fixed at NPR 160.00 for buying and NPR 160.15 for selling. This rate is crucial for bilateral trade, remittance flows, and daily transactions involving the Indian currency in Nepal.
Disclaimer and Additional Information
The Nepal Rastra Bank has noted that these exchange rates are subject to change and may be revised at any time as necessary, depending on market conditions and economic factors. While NRB fixes the official reference rates, commercial banks in Nepal may set their own exchange rates, which can differ slightly due to demand, supply, and service charges.
For the convenience of the public and financial institutions, the updated foreign exchange rates are regularly published and can be accessed through the Nepal Rastra Bank’s official website. This transparency ensures that businesses, travelers, and individuals involved in currency exchange are well-informed about the prevailing rates.
Nepal Rastra Bank’s announcement of the foreign currency exchange rates for Friday reflects a stable market condition, particularly with the US dollar maintaining its value. The variety of international currencies covered ensures that Nepal’s trade, investment, and remittance sectors can operate with clear guidance on currency valuation.
As currency exchange remains a dynamic area influenced by global economic trends, geopolitical developments, and domestic financial policies, continuous monitoring and timely updates by the central bank are essential to maintain financial stability and market confidence in Nepal.
