Nepal Rastra Bank (NRB), the central monetary authority of the country, has officially released the foreign currency exchange rates for today. The newly issued rates reflect the ongoing dynamics in the international currency markets and play a crucial role in determining the cost of foreign trade, travel, and remittances for individuals and businesses in Nepal. According to NRB, the exchange rates are subject to change as per the central bank’s policies and real-time market fluctuations.
Nepal Rastra Bank Foreign Exchange Rate
As per the rate schedule published today, the exchange rate for the US dollar, a widely used and benchmark currency for global transactions, has been fixed at NPR 136.30 for buying and NPR 136.90 for selling. The US dollar remains one of the most significant foreign currencies in Nepal due to its dominance in international trade, foreign investment, and remittances from Nepali workers abroad.
In the case of the European Euro (EUR), another globally influential currency, the central bank has determined the buying rate at NPR 153.39 and the selling rate at NPR 154.07. The value of the Euro in the Nepali market typically reflects economic movements in the European Union and holds importance for importers and educational aspirants dealing with European nations.
The British Pound Sterling (GBP), a historically strong currency, is being traded at a buying rate of NPR 180.97 and a selling rate of NPR 181.77. Similarly, the Swiss Franc (CHF), considered one of the most stable currencies globally, has been fixed at NPR 164.09 for buying and NPR 164.81 for selling.
For those dealing in the Australian Dollar (AUD), NRB has set the buying rate at NPR 87.27 and the selling rate at NPR 87.66. The Canadian Dollar (CAD), which is also widely used in trade and remittances, is set at NPR 97.94 for buying and NPR 98.38 for selling. The Singapore Dollar (SGD) is trading at NPR 105.05 for buying and NPR 105.51 for selling.
In the context of Asian currencies, the Japanese Yen (JPY), which is quoted per 10 units, is priced at NPR 9.39 for buying and NPR 9.43 for selling. The Chinese Yuan (CNY), increasingly relevant due to growing trade relations between Nepal and China, has been set at NPR 18.82 for buying and NPR 18.91 for selling.
Among currencies from the Gulf region, the Saudi Arabian Riyal (SAR) is priced at NPR 36.34 for buying and NPR 36.50 for selling, while the Qatari Riyal (QAR) stands at NPR 37.39 for buying and NPR 37.56 for selling. Likewise, the UAE Dirham (AED), frequently used by Nepali migrant workers, has a buying rate of NPR 37.11 and a selling rate of NPR 37.27. The Omani Riyal (OMR), a high-value currency, is fixed at NPR 354.05 for buying and NPR 355.61 for selling. The Kuwaiti Dinar (KWD), one of the highest-valued currencies in the world, has been set at NPR 444.35 for buying and NPR 446.31 for selling. The Bahraini Dinar (BHD) is at NPR 361.52 for buying and NPR 363.11 for selling.
The Thai Baht (THB), another regional currency, is being exchanged at NPR 4.13 for buying and NPR 4.15 for selling. The Malaysian Ringgit (MYR) stands at NPR 31.72 for buying and NPR 31.86 for selling. Meanwhile, the South Korean Won (KRW), quoted per 100 units, is fixed at NPR 9.74 for buying and NPR 9.78 for selling.
From the Nordic region, the Swedish Krona (SEK) is priced at NPR 14.05 for buying and NPR 14.11 for selling, and the Danish Krone (DKK) is valued at NPR 20.56 for buying and NPR 20.65 for selling. Additionally, the Hong Kong Dollar (HKD) is being traded at NPR 17.52 for buying and NPR 17.60 for selling.
As for the Indian Rupee (INR), the most relevant currency for Nepal due to close economic and geographical ties, the rate for 100 Indian rupees has been fixed at NPR 160.00 for buying and NPR 160.15 for selling. Given the open border and strong economic interdependence between Nepal and India, the Indian currency plays a pivotal role in Nepal’s retail and wholesale markets.
The central bank has also stated that these exchange rates are indicative and subject to revision based on daily market changes and monetary policy needs. Nepal Rastra Bank maintains the authority to adjust the rates at any time. Furthermore, it has clarified that the rates provided by commercial banks may vary slightly, as they are often influenced by supply-demand dynamics in the open market. NRB urges the public and financial institutions to refer to its official website for real-time updates and the latest exchange rate information.
Overall, the daily foreign exchange rate announcement by Nepal Rastra Bank provides vital financial guidance to traders, remittance service providers, travelers, and import-export businesses. In an economy like Nepal’s, which is significantly influenced by remittances and international commerce, these rates not only affect economic decisions but also reflect broader global economic trends.
