Nepal Rastra Bank (NRB) has released the official foreign exchange rates for today, providing detailed buy and sell rates for major international currencies. According to the rates determined by the central bank, the exchange rate for the United States Dollar (USD) has been fixed with a buying rate of NPR 136.43 and a selling rate of NPR 137.03.
Similarly, the European Euro (EUR) has a buying rate of NPR 155.05 and a selling rate of NPR 155.73. The buying rate for the United Kingdom Pound Sterling (GBP) stands at NPR 181.64, while the selling rate is NPR 182.44. In the case of the Swiss Franc (CHF), the buying rate has been set at NPR 164.67 and the selling rate at NPR 165.40.
For the Australian Dollar (AUD), the buying rate is NPR 87.07 and the selling rate is NPR 87.45. The Canadian Dollar (CAD) follows with a buying rate of NPR 98.28 and a selling rate of NPR 98.71. The Singapore Dollar (SGD) has been fixed at NPR 103.81 for buying and NPR 104.26 for selling.
The NRB has also provided the rates for the Japanese Yen (JPY) and the Chinese Yuan (CNY). For the Japanese Yen, 10 units are being bought at NPR 9.52 and sold at NPR 9.56. Meanwhile, the Chinese Yuan can be bought for NPR 18.72 and sold for NPR 18.80.
In the case of Middle Eastern currencies, the Saudi Arabian Riyal (SAR) has a buying rate of NPR 36.37 and a selling rate of NPR 36.53. The Qatari Riyal (QAR) is being bought at NPR 37.43 and sold at NPR 37.59. Likewise, the United Arab Emirates Dirham (AED) buying rate has been set at NPR 37.14, while the selling rate is NPR 37.31.
The rates for other Asian currencies have also been published. The Thai Baht (THB) has a buying rate of NPR 4.07 and a selling rate of NPR 4.09. The Malaysian Ringgit (MYR) is available at NPR 31.19 for buying and NPR 31.33 for selling. Similarly, for the South Korean Won (KRW), 100 units can be bought at NPR 9.48 and sold at NPR 9.52.
In the Scandinavian currency category, the Swedish Krona (SEK) has been set at NPR 14.08 for buying and NPR 14.14 for selling. The Danish Krone (DKK) stands at NPR 20.77 for buying and NPR 20.86 for selling.
Additionally, the exchange rates for other key currencies have been set. The Hong Kong Dollar (HKD) buying rate is NPR 17.59, while the selling rate is NPR 17.67. The Kuwaiti Dinar (KWD), one of the strongest currencies in the global market, is being bought at NPR 444.93 and sold at NPR 446.89.
Similarly, the Bahraini Dinar (BHD) is set with a buying rate of NPR 361.95 and a selling rate of NPR 363.54. The Omani Rial (OMR) buying rate is NPR 354.34, and the selling rate is NPR 355.90.
As for the Indian Rupee (INR), which holds significant importance due to Nepal’s close trade and economic relations with India, the exchange rate has been fixed at NPR 160.00 for buying and NPR 160.15 for selling per 100 Indian Rupees. This exchange rate reflects the fixed currency peg maintained between Nepal and India, subject to minor fluctuations based on the central bank’s policy.
Nepal Rastra Bank has further clarified that these exchange rates are subject to revision at any time if necessary. It emphasized that the rates published today are applicable primarily for reference and could be adjusted according to market needs.
The central bank also noted that the exchange rates offered by commercial banks may differ from the official rates, especially in the open market, depending on the real-time demand and supply of foreign currencies. However, for the most accurate and updated rates, the NRB advises the public to refer to the official website of Nepal Rastra Bank, where real-time exchange rate updates are made available.
The publication of daily foreign exchange rates by the NRB plays a crucial role in ensuring transparency and stability in Nepal’s financial system. It assists individuals, businesses, travelers, and international investors in making informed financial decisions.
Foreign exchange rates affect a wide range of economic activities in Nepal, including remittance inflows, imports, exports, tourism, and investment. Given Nepal’s heavy reliance on imports and remittances from abroad, fluctuations in foreign currency rates can have significant impacts on the economy.
In the current context, as the world continues to navigate post-pandemic economic recovery and deal with global financial uncertainties, monitoring exchange rates has become even more critical for Nepal. With various countries adjusting their monetary policies and interest rates, foreign exchange markets are experiencing frequent volatility, influencing the rates determined by central banks like NRB.
Therefore, the Nepal Rastra Bank’s role in providing timely and accurate foreign exchange information helps mitigate uncertainty and supports economic activities both domestically and internationally.
For those involved in international trade, travel, or remittance transactions, staying updated with the latest exchange rates is essential to minimize risks and maximize value in foreign currency dealings.
The NRB has assured that any adjustments necessary in response to changing market conditions will be promptly communicated to the public. It has reaffirmed its commitment to maintaining a stable and transparent foreign exchange policy to support the broader economic stability of Nepal.
