Nepal Rastra Bank (NRB), the central bank of Nepal, has announced the foreign exchange rates for today. The official rates set by the central bank provide guidance to commercial banks and financial institutions, while the actual rates offered to customers may vary slightly. The updated figures cover a wide range of global currencies, including the US Dollar, Euro, Pound Sterling, Chinese Yuan, Indian Rupee, and other major international currencies.
US Dollar and Euro Exchange Rates
According to today’s rates, the purchase rate of one US Dollar has been set at Rs. 140.65, while the selling rate is Rs. 141.25. The US Dollar remains one of the most traded foreign currencies in Nepal, particularly because of remittances, trade settlements, and tourism transactions.
For the European Euro, the central bank has fixed the purchase rate at Rs. 165.34 and the selling rate at Rs. 166.05. The Euro continues to be a significant currency for Nepal’s imports and exports with European countries, as well as for Nepali workers and students residing in the Eurozone.
Pound Sterling and Swiss Franc
The United Kingdom’s Pound Sterling has been valued at Rs. 189.79 for purchase and Rs. 190.60 for selling. Similarly, the Swiss Franc has been fixed at Rs. 176.81 for purchase and Rs. 177.56 for selling. Both currencies are considered stable global benchmarks, with transactions often tied to business, travel, and education.
Australian, Canadian, and Singapore Dollars
Among other prominent currencies, the Australian Dollar’s purchase rate stands at Rs. 92.86 and the selling rate at Rs. 93.25. The Canadian Dollar has been fixed at Rs. 101.87 for purchase and Rs. 102.31 for selling. Likewise, the Singapore Dollar is valued at Rs. 109.51 for purchase and Rs. 109.98 for selling. These currencies hold importance for Nepali students and migrant workers living in Australia, Canada, and Singapore, as well as for bilateral trade purposes.
Asian Currencies: Yen, Yuan, Riyal, and Baht
The Japanese Yen, quoted per 10 units, has been set at Rs. 9.50 for purchase and Rs. 9.54 for selling. The Chinese Yuan, another critical currency for Nepal given the country’s northern trade ties, has been fixed at Rs. 19.77 for purchase and Rs. 19.85 for selling.
Among Middle Eastern currencies, the Saudi Arabian Riyal has been valued at Rs. 37.50 for purchase and Rs. 37.66 for selling, while the Qatari Riyal stands at Rs. 38.59 for purchase and Rs. 38.75 for selling. These rates are particularly significant for Nepal’s large migrant labor population in Saudi Arabia and Qatar, where remittances form a vital part of Nepal’s economy. For Thailand, the Thai Baht has been set at Rs. 4.41 for purchase and Rs. 4.43 for selling.
Other Regional Currencies
The UAE Dirham has been fixed at Rs. 38.29 for purchase and Rs. 38.46 for selling. The Malaysian Ringgit stands at Rs. 33.43 for purchase and Rs. 33.57 for selling. Similarly, the South Korean Won, quoted per 100 units, has been set at Rs. 10.07 for purchase and Rs. 10.12 for selling.
The Swedish Kroner is valued at Rs. 14.97 for purchase and Rs. 15.03 for selling, while the Danish Kroner has been set at Rs. 22.15 for purchase and Rs. 22.25 for selling. These rates reflect Nepal’s growing engagement with various global markets.
Gulf Region and Other Currencies
The Hong Kong Dollar has been valued at Rs. 18.09 for purchase and Rs. 18.17 for selling. Among Gulf currencies, the Kuwaiti Dinar remains one of the strongest, fixed at Rs. 460.51 for purchase and Rs. 462.48 for selling. The Bahraini Dinar stands at Rs. 373 for purchase and Rs. 374.59 for selling, while the Omani Riyal has been set at Rs. 365.30 for purchase and Rs. 366.85 for selling.
Indian Rupee Exchange Rate
As Nepal’s immediate neighbor and largest trading partner, the Indian Rupee plays a vital role in Nepal’s economy. For today, NRB has fixed the rate at Rs. 160 for the purchase of INR 100 and Rs. 160.15 for selling. This reflects the peg mechanism that Nepal maintains with the Indian Rupee, ensuring stability in bilateral trade and financial transactions.
Flexibility and Updates in Rates
The central bank has stated that these rates can be revised at any time depending on international currency fluctuations and domestic market needs. Commercial banks may also set slightly different rates for buying and selling foreign currencies, depending on demand and supply. For the most up-to-date information, the NRB has advised individuals and businesses to check its official website, where daily rates are published.
Significance of the Exchange Rate Announcement
Exchange rates announced by Nepal Rastra Bank serve as a reference point for commercial banks, importers, exporters, remittance service providers, and the general public. With Nepal’s economy heavily dependent on remittances and international trade, fluctuations in foreign exchange rates directly impact the cost of imports, inflation, and purchasing power. The determination of rates by the central bank ensures a level of stability and transparency in foreign currency transactions, helping maintain balance in the external sector of the economy.
Nepal Rastra Bank’s daily foreign exchange announcement highlights the interconnectedness of Nepal’s economy with the global financial system. From remittances sent by migrant workers abroad to businesses importing essential goods, the published rates play a crucial role in ensuring smooth financial operations. While today’s rates reflect current international market trends, the central bank retains the authority to revise them as necessary, ensuring that Nepal remains aligned with global economic realities.
