The Nepal Rastra Bank (NRB) has announced the official exchange rates for foreign currencies applicable today. According to the central bank, the buying rate for one US dollar has been set at NPR 138.62, while the selling rate is NPR 139.22.
For the Euro, the buying rate is NPR 145.07, and the selling rate is NPR 145.70. Likewise, the British Pound Sterling is being exchanged at a buying rate of NPR 174.40 and a selling rate of NPR 175.15. The Swiss Franc has been priced at NPR 153.67 for buying and NPR 154.34 for selling.
The exchange rate for the Australian Dollar has been fixed at NPR 87.82 for buying and NPR 88.20 for selling, while the Canadian Dollar is valued at NPR 97.71 for buying and NPR 98.14 for selling. Similarly, the Singapore Dollar’s exchange rate is NPR 103.30 for buying and NPR 103.75 for selling.
Regarding Asian currencies, the Japanese Yen’s rate has been set at NPR 9.08 per 10 units for buying and NPR 9.12 for selling. The Chinese Yuan stands at NPR 19.08 for buying and NPR 19.16 for selling. The Saudi Arabian Riyal is exchanged at NPR 36.96 for buying and NPR 37.12 for selling, while the Qatari Riyal is valued at NPR 38.02 for buying and NPR 38.19 for selling.
In addition, the Thai Baht has been priced at NPR 4.12 for buying and NPR 4.13 for selling. The United Arab Emirates Dirham is being exchanged at NPR 37.74 for buying and NPR 37.90 for selling. The Malaysian Ringgit stands at NPR 31.26 for buying and NPR 31.39 for selling. The South Korean Won has been valued at NPR 9.62 per 100 units for buying and NPR 9.66 for selling. Similarly, the Swedish Kroner’s exchange rate is NPR 12.91 for buying and NPR 12.97 for selling, while the Danish Kroner stands at NPR 19.45 for buying and NPR 19.53 for selling.
Among other foreign currencies, the Hong Kong Dollar’s exchange rate has been fixed at NPR 17.81 for buying and NPR 17.89 for selling. The Kuwaiti Dinar is priced at NPR 449.50 for buying and NPR 451.44 for selling. Likewise, the Bahraini Dinar has been valued at NPR 367.78 for buying and NPR 369.37 for selling, while the Omani Riyal is set at NPR 360.04 for buying and NPR 361.60 for selling.
As for the Indian currency, the exchange rate for 100 Indian Rupees has been fixed at NPR 160 for buying and NPR 160.15 for selling. The Nepal Rastra Bank has stated that these rates are subject to change at any time as per market fluctuations. It also noted that commercial banks might set slightly different exchange rates, and the latest updates on foreign exchange rates can always be found on the NRB’s official website.
Foreign exchange rates play a crucial role in Nepal’s financial market, impacting trade, remittances, and overall economic stability. With the country’s significant reliance on remittances from overseas workers and international trade, exchange rate fluctuations can influence various sectors of the economy. The NRB regularly monitors market trends and adjusts rates accordingly to maintain financial stability.
Traders, businesses, and individuals involved in foreign transactions are advised to keep track of these rates to make informed financial decisions. Tourists and expatriates visiting Nepal are also encouraged to check the latest exchange rates before currency exchanges to ensure fair transactions.
As Nepal moves towards a digital economy, various digital payment platforms and online banking services now provide real-time exchange rate information, enabling users to access up-to-date foreign exchange data effortlessly. The central bank continues to enhance its monetary policies to maintain economic balance and stability amid global financial changes.
For further updates and detailed exchange rate information, individuals and businesses are recommended to visit the Nepal Rastra Bank’s official website or contact their respective banks for precise currency conversion details.
