Nepal Rastra Bank (NRB), the central bank of the country, has announced the official foreign exchange rates for today. According to the NRB’s publication, the value of the United States Dollar (USD) stands at a buying rate of NPR 139.79 and a selling rate of NPR 140.39. This slight difference between the buying and selling rates reflects the standard spread maintained by the central bank to stabilize foreign exchange transactions in the domestic market.
Major International Currencies
Alongside the dollar, several other major international currencies have also seen their official rates fixed for the day. The Euro, widely used across Europe and an important currency in global trade, has been set at NPR 163.53 for buying and NPR 164.23 for selling. Similarly, the British Pound Sterling, which is known for being one of the strongest global currencies, is valued at NPR 189.45 for buying and NPR 190.26 for selling. The Swiss Franc, often regarded as a stable currency in times of uncertainty, is being traded at NPR 173.34 for buying and NPR 174.08 for selling.
Rates of Dollar-Dominated Economies
The Australian Dollar and the Canadian Dollar, both popular among Nepali students and migrant workers abroad, have also had their rates fixed. The Australian Dollar has been set at NPR 90.96 for buying and NPR 91.35 for selling, while the Canadian Dollar stands at NPR 101.15 for buying and NPR 101.59 for selling. Likewise, the Singapore Dollar, which has significant importance given Nepal’s labor migration to Singapore and other Southeast Asian countries, is priced at NPR 108.94 for buying and NPR 109.41 for selling.
Asian Currencies in Focus
Among Asian currencies, the Japanese Yen remains a notable one. For today, the value of 10 Japanese Yen has been fixed at NPR 9.50 for buying and NPR 9.54 for selling. The Chinese Yuan, which has increasing importance due to Nepal’s growing trade ties with China, is valued at NPR 19.46 for buying and NPR 19.55 for selling. Similarly, the Saudi Arabian Riyal, which is crucial because of the large number of Nepali migrant workers in Saudi Arabia, is set at NPR 37.25 for buying and NPR 37.41 for selling. The Qatari Riyal, another currency significant for Nepali migrant remittances, stands at NPR 38.36 for buying and NPR 38.52 for selling.
Other Regional and Middle Eastern Currencies
The Thai Baht is priced at NPR 4.31 for buying and NPR 4.33 for selling, while the UAE Dirham, widely used due to the huge Nepali workforce in the Gulf region, is fixed at NPR 38.06 for buying and NPR 38.22 for selling. The Malaysian Ringgit, an important currency for Nepali workers in Malaysia, is at NPR 33.18 for buying and NPR 33.32 for selling.
The South Korean Won, another key currency for migrant labor destinations, is fixed at NPR 10.06 for buying and NPR 10.11 for selling per 100 units. Similarly, the Swedish Kroner is priced at NPR 14.62 for buying and NPR 14.69 for selling, while the Danish Kroner is valued at NPR 21.92 for buying and NPR 22.02 for selling.
Premium Value Currencies
Certain premium global currencies are also part of the central bank’s official listing. The Hong Kong Dollar stands at NPR 17.86 for buying and NPR 17.94 for selling. The Kuwaiti Dinar, known as one of the world’s strongest currencies, is priced at NPR 457.67 for buying and NPR 459.63 for selling. Likewise, the Bahraini Dinar is fixed at NPR 370.78 for buying and NPR 372.37 for selling, while the Omani Riyal is at NPR 363.56 for buying and NPR 365.12 for selling. These high-value currencies are especially important as many Nepali expatriates are employed in Kuwait, Bahrain, and Oman, contributing significantly to the remittance inflow of the country.
Indian Rupee Rate
The Indian Rupee, Nepal’s most significant foreign currency due to its open border and massive bilateral trade with India, is also officially set by the central bank. For today, 100 Indian Rupees is valued at NPR 160 for buying and NPR 160.15 for selling. Given Nepal’s economic dependency on Indian goods and services, the fluctuation of this rate has a direct impact on daily trade, imports, and consumer pricing in Nepal.
Flexibility in Exchange Rates
Nepal Rastra Bank has clarified that the published exchange rates are subject to revision at any time depending on market conditions and global currency movements. The central bank plays an active role in maintaining stability in the forex market by adjusting these rates whenever necessary. Moreover, it has emphasized that while the official exchange rate is set by NRB, individual commercial banks in Nepal may publish slightly different rates based on demand, supply, and their internal policies.
Accessibility of Updated Rates
The central bank has also reminded the public and financial institutions that the latest official exchange rates are regularly updated and made available on its official website. This ensures transparency and accessibility, allowing individuals, businesses, and traders to make informed decisions. By providing up-to-date foreign exchange rates, the NRB aims to regulate financial markets, facilitate trade, and maintain the stability of Nepal’s economy.
The foreign exchange rate published by Nepal Rastra Bank for today reflects the country’s interconnectedness with global financial systems and international trade. From the U.S. Dollar and Euro to regional currencies such as the Indian Rupee, Chinese Yuan, and Gulf currencies, these rates directly affect Nepal’s trade balance, remittance inflows, and overall economy.
While the spread between buying and selling remains minimal, it is designed to manage stability in the market. As global currency trends shift daily, NRB continues to play a crucial role in safeguarding Nepal’s monetary environment and ensuring fair exchange rates for businesses and individuals alike.
