The Nepal Rastra Bank (NRB) has published the official foreign exchange rates for today, providing both the buying and selling rates for various international currencies. These rates are essential for financial institutions, importers, exporters, travelers, and remittance companies to conduct currency exchange transactions within the formal banking system.
According to NRB, the buying rate of 1 US Dollar is set at NPR 140.19, while the selling rate is NPR 140.79. The American Dollar continues to be the most influential foreign currency in Nepal’s economy, heavily affecting remittances, trade settlements, and import payments.
Similarly, for the Euro, another widely used currency in international trade and remittance inflows, the buying rate is NPR 161.84, and the selling rate is NPR 162.53. The British Pound Sterling also remains strong, with the buying rate pegged at NPR 186.14, and the selling rate at NPR 186.93.
Major Currency Rates: Dollar, Euro, Pound, Franc, and Others
The Swiss Franc, often viewed as a stable currency, has its buying rate at NPR 173.03 and selling rate at NPR 173.77. The Australian Dollar is trading at NPR 90.55 for buying and NPR 90.94 for selling, while the Canadian Dollar is being exchanged at NPR 101.59 for buying and NPR 102.03 for selling. The Singapore Dollar, relevant due to Nepal’s strong labor migration ties with the country, has been set at NPR 108.80 (buying) and NPR 109.27 (selling).
Among Asian currencies, 10 Japanese Yen is being bought at NPR 9.50 and sold at NPR 9.54. Likewise, the Chinese Yuan has a buying rate of NPR 19.51 and a selling rate of NPR 19.59, reflecting the growing trade relationship between the two countries.
The Saudi Arabian Riyal, an important currency for millions of Nepali workers in the Middle East, has a buying rate of NPR 37.37 and a selling rate of NPR 37.52. The Qatari Riyal is also strong, with the buying rate at NPR 38.46 and the selling rate at NPR 38.63.
Exchange Rates for Other Regional and Gulf Currencies
As per the central bank’s data, the Thai Baht has a buying rate of NPR 4.32 and a selling rate of NPR 4.34, while the UAE Dirham is listed at NPR 38.17 (buying) and NPR 38.33 (selling). The Malaysian Ringgit, relevant due to the large Nepali migrant workforce in Malaysia, has a buying rate of NPR 33.16 and a selling rate of NPR 33.30. The South Korean Won (for 100 units) is priced at NPR 10.08 (buying) and NPR 10.13 (selling).
Among Scandinavian currencies, the Swedish Kroner stands at NPR 14.48 (buying) and NPR 14.54 (selling), while the Danish Kroner is exchanged at NPR 21.69 (buying) and NPR 21.78 (selling).
Exchange Rates of Gulf Currencies and Special Trading Currencies
The Hong Kong Dollar has been fixed at NPR 17.86 (buying) and NPR 17.94 (selling). Among the high-value Gulf currencies, the Kuwaiti Dinar has the highest exchange rate, with NPR 458.45 for buying and NPR 460.41 for selling.
The Bahraini Dinar is being exchanged at NPR 371.84 (buying) and NPR 373.43 (selling), while the Omani Riyal has been listed at NPR 364.12 (buying) and NPR 365.67 (selling). These high-value currencies are crucial for foreign remittance, which forms a major component of Nepal’s GDP.
Indian Rupee Rate Fixed at NPR 160 per 100 Units
In terms of regional economic integration, the Indian Rupee (INR) holds special significance due to open border trade and daily transactions, especially in bordering regions. The NRB has set the rate of 100 Indian Rupees at NPR 160 for buying and NPR 160.15 for selling. This fixed rate policy, maintained for several years, ensures stability in trade and transactions between Nepal and India.
Exchange Rate Policy and Revision Mechanism
Nepal Rastra Bank has noted that the published exchange rates are based on prevailing market trends and international exchange fluctuations. However, it also emphasized that these rates can be revised at any time if required based on changes in the global currency market.
It is also important to note that commercial banks in Nepal may offer slightly different exchange rates, which depend on their internal policies, service charges, and currency availability.
NRB has stated that the most accurate and updated exchange rates are always available on its official website, and citizens are encouraged to verify them before proceeding with any foreign currency transaction.
Today’s foreign exchange bulletin from Nepal Rastra Bank reflects the dynamic global financial market and its implications on the Nepali economy. As the country continues to rely heavily on remittances and imports, the foreign exchange rate plays a vital role in shaping economic stability, trade viability, and investment decisions. Whether for international travelers, businesses, or migrant workers’ families, staying informed on the daily rates is essential for making smart financial decisions in an increasingly interconnected world.
