Nepal Rastra Bank (NRB), the central monetary authority of the country, has published the official foreign exchange rates for today. The newly determined rates reflect the buying and selling prices of major international currencies in the Nepali financial market. The exchange rates are crucial for facilitating international trade, remittances, and tourism-related financial transactions.
According to the NRB, the exchange rate for the United States Dollar (USD) has been set at NPR 137.37 for buying and NPR 137.97 for selling. This modest fluctuation reflects a stable position of the dollar in the Nepali economy, which is a key currency for remittance inflows, import payments, and international travel expenses.
For the European market, the Euro (EUR) stands at NPR 156.06 for buying and NPR 156.74 for selling. Similarly, the British Pound Sterling (GBP), another major international currency, is valued at NPR 179.70 for buying and NPR 180.49 for selling. Both currencies are widely used in Nepal’s international trade and educational transactions, especially among Nepali students and professionals based in Europe and the UK.
The Swiss Franc (CHF), a currency representing a stable European economy, is trading at NPR 168.50 (buying) and NPR 169.24 (selling). The strength of the Franc in Nepal’s forex market is often viewed as a reflection of global financial stability.
Among the popular currencies from the Asia-Pacific region, the Australian Dollar (AUD) has been set at NPR 86.36 for buying and NPR 86.74 for selling. Likewise, the Canadian Dollar (CAD) is trading at NPR 99.08 (buying) and NPR 99.51 (selling), while the Singapore Dollar (SGD) is valued at NPR 104.10 (buying) and NPR 104.55 (selling). These rates signify a slight shift in demand, commonly influenced by educational, business, and tourism transactions involving these countries.
The Japanese Yen (JPY), a frequently traded currency, particularly among Nepali automobile and electronics importers, is valued at NPR 9.57 for buying and NPR 9.61 for selling for every 10 yen. Meanwhile, the Chinese Yuan (CNY), which plays a vital role in border trade and increasing investment relations between Nepal and China, has been valued at NPR 18.84 (buying) and NPR 18.92 (selling).
Middle Eastern currencies, which are directly connected to remittance earnings of millions of Nepalis working in Gulf countries, show the following rates: the Saudi Arabian Riyal (SAR) is priced at NPR 36.59 for buying and NPR 36.75 for selling, while the Qatari Riyal (QAR) is available at NPR 37.69 and NPR 37.85, respectively. The United Arab Emirates Dirham (AED) stands at NPR 37.40 for buying and NPR 37.56 for selling.
For Southeast Asian economies, the Thai Baht (THB) is valued at NPR 4.11 for buying and NPR 4.13 for selling. The Malaysian Ringgit (MYR), which is relevant due to labor migration and tourism, is trading at NPR 31.06 (buying) and NPR 31.20 (selling). The South Korean Won (KRW), a currency gaining traction due to increasing student and labor migration to Korea, is valued at NPR 9.67 for buying and NPR 9.71 for selling per 100 won.
The Scandinavian currencies are also part of the rate list, with the Swedish Krona (SEK) priced at NPR 14.06 (buying) and NPR 14.12 (selling), and the Danish Krone (DKK) at NPR 20.90 and NPR 20.99 respectively.
Among the high-value currencies, the Hong Kong Dollar (HKD) is priced at NPR 17.72 for buying and NPR 17.79 for selling. The Kuwaiti Dinar (KWD), known as one of the world’s highest-valued currencies, is set at NPR 447.91 for buying and NPR 449.87 for selling. Similarly, the Bahraini Dinar (BHD) is priced at NPR 364.38 (buying) and NPR 365.97 (selling), while the Omani Riyal (OMR) stands at NPR 356.82 for buying and NPR 358.38 for selling.
In the context of the neighboring country India, which shares close economic and social ties with Nepal, the Indian Rupee (INR) is valued at NPR 160 for buying and NPR 160.15 for selling per 100 Indian Rupees. This rate remains crucial for cross-border trade, tourism, and local market transactions in the Terai region of Nepal.
The central bank has stated that these exchange rates are indicative and may be revised based on market needs at any time. It has further clarified that commercial banks are allowed to set slightly different rates for buying and selling foreign currencies, depending on real-time supply and demand. For the most updated and accurate rates, the NRB has advised individuals and institutions to refer to its official website.
These exchange rates play an essential role in determining the cost of foreign travel, import and export pricing, foreign loan repayment, and remittance flow management in Nepal. As Nepal continues to maintain a flexible exchange rate regime, the foreign exchange market remains sensitive to global economic trends, geopolitical developments, and fluctuations in international oil prices, all of which indirectly influence Nepal’s economic landscape.
For tourists, traders, and remittance recipients, staying updated with these rates is crucial to maximizing financial decisions. NRB’s daily updates on exchange rates continue to serve as a reliable guide for individuals and institutions engaged in international financial transactions.
