The Nepal Rastra Bank (NRB) has published the latest foreign exchange rates for multiple international currencies against the Nepalese Rupee (NPR). The open market exchange rates reflect buying and selling values for key global currencies, impacting trade, travel, remittances, and economic activities.
The U.S. Dollar (USD), a key reference currency in international trade and remittances, is being traded at NPR 138.63 per unit for buying and NPR 139.23 for selling. The Euro (EUR), which influences European trade and business relations, stands at NPR 143.02 for buying and NPR 143.64 for selling.
Similarly, the British Pound Sterling (GBP) is exchanged at NPR 171.40 (buying) and NPR 172.14 (selling), making it one of the strongest currencies against NPR. The Swiss Franc (CHF), another stable global currency, is valued at NPR 151.91 for buying and NPR 152.57 for selling.
Among the major Asia-Pacific currencies, the Australian Dollar (AUD) is being traded at NPR 86.97 (buying) and NPR 87.35 (selling), while the Canadian Dollar (CAD) stands at NPR 96.66 for buying and NPR 97.08 for selling. The Singapore Dollar (SGD) is listed at NPR 102.25 (buying) and NPR 102.69 (selling), indicating steady performance in the region.
The Chinese Yuan (CNY), an important currency due to Nepal’s trade ties with China, is priced at NPR 18.97 for buying and NPR 19.05 for selling. The Japanese Yen (JPY), often used in regional trade, is set at NPR 9.10 (buying) and NPR 9.14 (selling) per 10 units.
Among Middle Eastern currencies, the Saudi Arabian Riyal (SAR), a crucial currency for Nepali workers in Saudi Arabia, is valued at NPR 36.97 (buying) and NPR 37.13 (selling). The Qatari Riyal (QAR) is exchanged at NPR 38.02 for buying and NPR 38.19 for selling, while the UAE Dirham (AED) stands at NPR 37.74 (buying) and NPR 37.91 (selling).
The Malaysian Ringgit (MYR), another currency significant to Nepalese migrant workers, is priced at NPR 31.01 for buying and NPR 31.15 for selling. The South Korean Won (KRW), which has growing importance for Nepalese workers, is set at NPR 9.54 (buying) and NPR 9.58 (selling) per 100 units.
Among Scandinavian currencies, the Swedish Krona (SEK) is exchanged at NPR 12.69 for buying and NPR 12.75 for selling, while the Danish Krone (DKK) stands at NPR 19.18 (buying) and NPR 19.26 (selling). The Hong Kong Dollar (HKD) is priced at NPR 17.79 for buying and NPR 17.87 for selling, showing its relevance for trade and remittances.
The Kuwaiti Dinar (KWD) remains the highest-valued currency in the exchange list, with a buying rate of NPR 448.77 and a selling rate of NPR 450.71. The Bahraini Dinar (BHD) follows closely, exchanged at NPR 367.74 (buying) and NPR 369.33 (selling). The Omani Rial (OMR), another high-value currency, is priced at NPR 360.06 (buying) and NPR 361.62 (selling).
Given Nepal’s close economic ties with India, the Indian Rupee (INR) remains a key currency in the Nepalese economy. The exchange rate for INR 100 is NPR 160.00 for buying and NPR 160.15 for selling. The fixed exchange rate between NPR and INR helps stabilize trade and financial transactions between the two countries.
The fluctuations in foreign exchange rates have a significant impact on various sectors, including imports, exports, tourism, and remittances. With a strong U.S. Dollar, the cost of imported goods may rise, affecting inflation and consumer spending in Nepal. On the other hand, a favorable exchange rate benefits remittance inflows, as a large portion of Nepal’s economy depends on remittances from workers abroad.
For Nepali travelers and businesses, these rates determine the cost of foreign transactions. Tourists visiting Nepal also consider these rates when converting their currencies into Nepalese Rupees. The recent exchange rate trends indicate a stable market, though minor fluctuations are expected based on global economic conditions.
The Nepal Rastra Bank’s daily exchange rate updates play a crucial role in guiding financial transactions and market activities. The latest figures show stability in key currencies, with some fluctuations based on global economic trends. For businesses, travelers, and remittance recipients, keeping track of these rates helps in planning financial transactions effectively.
