The Nepal Rastra Bank (NRB), the central monetary authority of the country, has released the official foreign exchange rates for today. According to the exchange rate published by NRB, the U.S. dollar is being traded at a buying rate of Rs. 136.34 and a selling rate of Rs. 136.94. These figures represent the baseline rates used by commercial banks and financial institutions to determine their trading margins in foreign currency transactions.
Euro, Pound, and Franc Maintain Strong Standing
Among the major global currencies, the Euro continues to hold its ground in Nepal’s foreign exchange market. The buying rate of the Euro has been fixed at Rs. 160.58 and the selling rate at Rs. 161.29. Similarly, the British Pound Sterling, known for its higher valuation, is being traded at Rs. 186.10 for buying and Rs. 186.92 for selling. Meanwhile, the Swiss Franc, another stable European currency, is listed with a buying rate of Rs. 171.83 and a selling rate of Rs. 172.59.
These rates are influenced by global market dynamics, including interest rate decisions by central banks in Europe, inflation data, and geopolitical developments. For importers, exporters, and foreign exchange earners such as remittance recipients, such changes significantly impact transaction values.
Australian, Canadian, and Singaporean Dollars in Mid-Range
The NRB has also listed the rates for other commonly traded foreign currencies. The Australian Dollar is being bought at Rs. 89.43 and sold at Rs. 89.82. The Canadian Dollar, often used in remittance transactions and overseas study programs, is being traded at a buying rate of Rs. 100.31 and a selling rate of Rs. 100.75. Similarly, the Singaporean Dollar is listed with a buying rate of Rs. 107.05 and a selling rate of Rs. 107.52.
These currencies generally follow regional and commodity-linked trends and are considered mid-range performers in the Nepali foreign currency basket.
Asian Currencies: Japanese Yen, Chinese Yuan, and Others
Among Asian currencies, the Japanese Yen is being traded at Rs. 9.45 per 10 Yen for buying and Rs. 9.49 for selling. The Chinese Yuan, Nepal’s significant trading partner’s currency, is listed with a buying rate of Rs. 19.04 and a selling rate of Rs. 19.12. These figures play an important role in cross-border trade and import-export operations between Nepal and China.
The Saudi Arabian Riyal, widely used by the Nepali diaspora in the Gulf countries, is being bought at Rs. 36.35 and sold at Rs. 36.51. Similarly, the Qatari Riyal has a buying rate of Rs. 37.41 and a selling rate of Rs. 37.57. The UAE Dirham is being exchanged at Rs. 37.12 for buying and Rs. 37.28 for sellingimportant figures for the large number of Nepalis working in the Middle East. The Thai Baht is listed with a buying rate of Rs. 4.22 and a selling rate of Rs. 4.24, while the Malaysian Ringgit is priced at Rs. 32.30 for buying and Rs. 32.44 for selling.
East Asian and Scandinavian Currencies Also Listed
Nepal Rastra Bank has also set the rates for the South Korean Won, another increasingly relevant currency due to growing employment migration. The buying rate for 100 South Korean Won is Rs. 10.00, while the selling rate is Rs. 10.05.
Among Scandinavian currencies, the Swedish Krona is being traded at Rs. 14.27 for buying and Rs. 14.34 for selling. Likewise, the Danish Krona stands at Rs. 21.52 for buying and Rs. 21.62 for selling. These currencies, though not commonly used in daily trading within Nepal, are essential for travel and educational purposes in those respective countries.
High-Value Gulf Currencies: Kuwaiti and Bahraini Dinars, Omani Riyal
The Kuwaiti Dinar remains the most valuable currency in the list, with a buying rate of Rs. 446.67 and a selling rate of Rs. 448.64. Similarly, the Bahraini Dinar is traded at Rs. 361.67 for buying and Rs. 363.26 for selling. The Omani Riyal also commands a high exchange value with a buying rate of Rs. 354.13 and a selling rate of Rs. 355.69. These currencies hold significant relevance for thousands of Nepalis working in these countries, as even small differences in rates can result in major variations in remittance flows.
Indian Currency Fixed, Central Bank Reserves Right to Revise Rates
The Indian Rupee, being Nepal’s most traded currency due to open border economic interactions, is fixed at a buying rate of Rs. 160 per INR 100 and a selling rate of Rs. 160.15. This fixed exchange rate mechanism helps maintain trade and travel balance between the two neighboring nations.
Nepal Rastra Bank has noted that these rates are indicative and may be revised at any time depending on fluctuations in international markets. Commercial banks may also offer slightly varied rates based on their internal liquidity and demand-supply factors.
The central bank updates its exchange rate data regularly on its official website, and it is advised that individuals and institutions involved in foreign exchange activities consult the most recent data before performing currency-related transactions.
With Nepal’s economy deeply interconnected with international remittance, trade, and tourism, daily fluctuations in foreign exchange rates continue to influence everything from household income to national economic planning.
