Nepal Rastra Bank (NRB), the central bank of Nepal, has published the official foreign currency exchange rates for today. According to the latest figures released by NRB, the exchange rates for major international currencies have been fixed for both buying and selling, providing crucial reference points for banks, businesses, travelers, and foreign exchange dealers.
USD Maintains Stability
The exchange rate for the United States Dollar (USD) has remained stable with the buying rate set at NPR 136.14 and the selling rate at NPR 136.74. This moderate gap reflects consistency in the greenback’s performance in the Nepali market, largely driven by external economic conditions and domestic demand.
Euro and Pound Sterling Follow Close
The European currency, Euro (EUR), has been valued at NPR 152.76 for buying and NPR 153.43 for selling. This rate indicates a slight appreciation from previous days, influenced by movements in the international currency market.
Meanwhile, the British Pound Sterling (GBP) has retained its position as one of the highest-valued currencies, with the buying rate fixed at NPR 181.51 and the selling rate at NPR 182.31. The pound’s strength against the Nepali rupee highlights ongoing trends in the global economy, particularly within the UK market.
Performance of Other Major Currencies
The Swiss Franc (CHF) is another strong performer, with today’s buying rate at NPR 162.81 and the selling rate at NPR 163.53. Among Commonwealth currencies, the Australian Dollar (AUD) is being traded at NPR 88.05 for buying and NPR 88.44 for selling, while the Canadian Dollar (CAD) has been fixed at NPR 97.68 and NPR 98.11, respectively. The Singapore Dollar (SGD), which has been gaining popularity in Asia due to its stability, is set at NPR 104.88 for buying and NPR 105.34 for selling.
Asian Currencies: Slight Fluctuations Noted
The exchange rate for Japanese Yen (JPY) stands at NPR 9.32 per 10 units for buying and NPR 9.36 for selling. The Chinese Yuan (CNY) is priced at NPR 18.90 for buying and NPR 18.98 for selling. In the Middle Eastern segment, which remains vital for remittance inflows to Nepal, the Saudi Riyal (SAR) has been valued at NPR 36.30 buying and NPR 36.46 selling, and the Qatari Riyal (QAR) is trading at NPR 37.34 and NPR 37.51, respectively.
The UAE Dirham (AED) has been fixed at NPR 37.07 for buying and NPR 37.23 for selling. These rates are critical for the thousands of Nepali workers residing in Gulf countries, as remittances make up a significant portion of Nepal’s economy.
Regional Currencies
For neighboring Asian countries, Thai Baht (THB) is pegged at NPR 4.10 for buying and NPR 4.11 for selling. The Malaysian Ringgit (MYR) is trading at NPR 31.73 and NPR 31.87, respectively. South Korean Won (KRW), per 100 units, has been set at NPR 9.74 for buying and NPR 9.78 for selling, showing a consistent range without significant fluctuations.
Scandinavian and Other Global Currencies
Scandinavian currencies have also been listed in today’s exchange rate bulletin. The Swedish Krona (SEK) stands at NPR 14.06 for buying and NPR 14.13 for selling, while the Danish Krone (DKK) is priced at NPR 20.48 and NPR 20.57, respectively. From the East Asian market, the Hong Kong Dollar (HKD) is valued at NPR 17.44 for buying and NPR 17.52 for selling.
High-Value Gulf Currencies
Among high-valued Gulf currencies, the Kuwaiti Dinar (KWD) leads the chart with a buying rate of NPR 442.92 and a selling rate of NPR 444.87. Following closely is the Bahraini Dinar (BHD), traded at NPR 361.14 for buying and NPR 362.73 for selling. The Omani Riyal (OMR), another strong Middle Eastern currency, is pegged at NPR 353.63 for buying and NPR 355.19 for selling.
Indian Rupee: Fixed Rate Continues
The Indian Rupee (INR), which is pegged and used extensively in daily transactions in Nepal, especially in border areas, has been fixed at NPR 160.00 for buying and NPR 160.15 for selling per 100 Indian rupees. The rate is maintained by the NRB and is essential for cross-border trade and travel.
Dynamic Nature of Rates
Nepal Rastra Bank has reiterated that the published exchange rates are subject to revision as per need. While the central bank provides the official rates, commercial banks may offer slightly different rates based on real-time market dynamics and open market demand. Moreover, for updated and accurate rates, NRB advises all stakeholders to refer to its official website, where real-time data and periodic updates are published.
Today’s exchange rate bulletin from Nepal Rastra Bank not only provides a snapshot of the currency market but also reflects broader global economic movements and domestic monetary policy considerations.
As foreign exchange plays a crucial role in Nepal’s remittance-driven economy, these rates serve as a vital tool for financial planning, trade, travel, and investment. Stakeholders, including travelers, importers, exporters, and currency dealers, are encouraged to monitor daily updates from NRB to stay informed about fluctuations in the foreign exchange market.
