The Nepal Rastra Bank (NRB), the central monetary authority of the country, has announced the official foreign currency exchange rates for today. The rates, determined for major international currencies, are part of the bank’s routine regulatory updates aimed at maintaining stability in Nepal’s foreign exchange market.
US Dollar Maintains Strength Against Nepali Rupee
According to the NRB, the buying rate of the US Dollar (USD) has been set at NPR 136.99, while the selling rate stands at NPR 137.59. This reflects the continued dominance of the US Dollar in global trade and its steady demand in Nepal’s remittance and import sectors.
European and British Currencies See Stable Valuations
The Euro (EUR), one of the world’s most traded currencies, is being exchanged at NPR 160.14 for buying and NPR 160.84 for selling. Similarly, the British Pound Sterling (GBP) maintains a robust value in today’s market, with the buying rate fixed at NPR 184.94 and the selling rate at NPR 185.75. These values reflect the ongoing stability of European currencies despite broader concerns in global markets.
Swiss Franc, Australian and Canadian Dollars Also Updated
Among other key currencies, the Swiss Franc (CHF) is being bought at NPR 171.98 and sold at NPR 172.73. The Australian Dollar (AUD) has a buying rate of NPR 90.14 and a selling rate of NPR 90.53, while the Canadian Dollar (CAD) is trading at NPR 100.06 (buying) and NPR 100.50 (selling). These currencies are widely used in trade and remittances, particularly among the Nepali diaspora in Australia and Canada.
Asian Currencies: Yen, Yuan, and Riyals
From Asia, the Japanese Yen (JPY) is valued at NPR 9.29 per 10 units for buying and NPR 9.33 for selling. The Chinese Yuan (CNY), reflecting China’s major trading role in Nepal, has been set at NPR 19.11 (buying) and NPR 19.19 (selling).
Gulf region currencies also continue to hold relevance due to a large number of Nepali migrant workers. The Saudi Arabian Riyal (SAR) stands at NPR 36.53 (buying) and NPR 36.69 (selling), while the Qatari Riyal (QAR) is fixed at NPR 37.58 (buying) and NPR 37.75 (selling).
Regional and Southeast Asian Currencies
The Thai Baht (THB) has been valued at NPR 4.22 (buying) and NPR 4.24 (selling). The Singapore Dollar (SGD) is trading at NPR 106.99 (buying) and NPR 107.46 (selling), while the Malaysian Ringgit (MYR) is listed at NPR 32.21 (buying) and NPR 32.36 (selling).
The South Korean Won (KRW), traded in units of 100, is set at NPR 9.93 (buying) and NPR 9.98 (selling). These currencies are relevant for labor and business transactions involving East and Southeast Asia.
Scandinavian and Middle Eastern Currency Rates
In the Scandinavian bloc, the Swedish Krona (SEK) is trading at NPR 14.33 (buying) and NPR 14.39 (selling), and the Danish Krone (DKK) is valued at NPR 21.46 (buying) and NPR 21.55 (selling). From the Middle East, the Hong Kong Dollar (HKD) is priced at NPR 17.45 (buying) and NPR 17.53 (selling).
The Kuwaiti Dinar (KWD) is the highest-valued foreign currency in today’s update, with a buying rate of NPR 448.12 and a selling rate of NPR 450.08. The Bahraini Dinar (BHD) is trading at NPR 363.38 (buying) and NPR 364.97 (selling). Similarly, the Omani Riyal (OMR) is being exchanged at NPR 355.84 (buying) and NPR 357.40 (selling).
Indian Rupee Fixed at Standard Benchmark
As per the regular convention, the exchange rate for the Indian Rupee (INR), which plays a significant role in Nepal’s daily commerce and border trade, has been set at NPR 160.00 per 100 INR for buying and NPR 160.15 for selling.
Exchange Rates Subject to Change
The Nepal Rastra Bank has stated that these exchange rates are subject to change as per market conditions. The central bank may revise the rates at any time if necessary to reflect real-time monetary dynamics.
Furthermore, commercial banks may apply different rates based on their own policies and transaction types. The NRB also encourages citizens and businesses to refer to its official website for real-time updates on foreign exchange rates.
Importance of Exchange Rate Management
Maintaining a transparent and responsive foreign exchange system is crucial for Nepal’s economy, which relies heavily on imports, remittances, and international aid. With fluctuating global currency values and shifting trade relationships, the NRB’s role in stabilizing the foreign exchange environment remains central to financial governance. By providing daily exchange rate updates, the NRB supports informed decision-making for businesses, travelers, importers, exporters, and individual remittance receivers across the country.
