Nepal Rastra Bank (NRB) has announced the foreign exchange rates for Wednesday, establishing the buying and selling rates for various international currencies. According to the central bank, the exchange rate for one U.S. dollar has been set at NPR 139.33 for buying and NPR 139.93 for selling.
Similarly, the European Euro is valued at NPR 146.55 for buying and NPR 147.18 for selling. The British Pound Sterling stands at NPR 177.19 for buying and NPR 177.95 for selling, while the Swiss Franc is priced at NPR 156.39 for buying and NPR 157.07 for selling.
In addition, the exchange rate for one Australian Dollar is NPR 86.73 for buying and NPR 87.11 for selling. The Canadian Dollar is listed at NPR 96.56 for buying and NPR 96.98 for selling. Meanwhile, the Singapore Dollar is set at NPR 103.67 for buying and NPR 104.11 for selling.
Among Asian currencies, the Japanese Yen (for 10 units) is valued at NPR 9.37 for buying and NPR 9.41 for selling. The Chinese Yuan stands at NPR 19.16 for buying and NPR 19.25 for selling. The Saudi Arabian Riyal has been set at NPR 37.15 for buying and NPR 37.31 for selling, whereas the Qatari Riyal stands at NPR 38.23 for buying and NPR 38.39 for selling.
The Thai Baht has been set at NPR 4.12 for buying and NPR 4.14 for selling, while the UAE Dirham is valued at NPR 37.94 for buying and NPR 38.10 for selling. The Malaysian Ringgit exchange rate stands at NPR 31.19 for buying and NPR 31.33 for selling. The South Korean Won (100 units) is priced at NPR 9.55 for buying and NPR 9.59 for selling. Meanwhile, the Swedish Kroner has been set at NPR 13.21 for buying and NPR 13.27 for selling, and the Danish Kroner at NPR 19.65 for buying and NPR 19.73 for selling.
For Hong Kong’s currency, the exchange rate of one Hong Kong Dollar is NPR 17.92 for buying and NPR 18.00 for selling. The Kuwaiti Dinar is valued at NPR 451.48 for buying and NPR 453.42 for selling. The Bahraini Dinar stands at NPR 369.67 for buying and NPR 371.27 for selling. Meanwhile, the Omani Riyal is priced at NPR 361.91 for buying and NPR 363.47 for selling.
Regarding the Indian Rupee, the exchange rate for 100 units has been fixed at NPR 160.00 for buying and NPR 160.15 for selling. Given the close economic ties between Nepal and India, the exchange rate of the Indian Rupee remains relatively stable compared to other international currencies.
Nepal Rastra Bank has also clarified that these exchange rates are subject to revision at any time, depending on market conditions. Commercial banks in Nepal may set different exchange rates based on their internal mechanisms and market demand. The latest updates on exchange rates are made available on the official website of the central bank.
The fluctuation in exchange rates directly impacts importers, exporters, and travelers, influencing the cost of international transactions. The rise or fall in the value of the Nepalese Rupee against foreign currencies affects the purchasing power of businesses and consumers engaged in foreign trade. Experts suggest that staying informed about daily exchange rates is crucial for businesses involved in international transactions.
The foreign exchange market remains dynamic, with rates influenced by global economic conditions, supply and demand fluctuations, and monetary policies set by central banks worldwide. Investors and financial analysts closely monitor exchange rate trends to assess potential risks and opportunities in the market.
In conclusion, Nepal Rastra Bank’s latest foreign exchange rates provide crucial insights for businesses, travelers, and investors. While the current exchange rates are reflective of market conditions, they are subject to change based on global and domestic financial developments. Stakeholders are advised to keep track of official updates and consult financial institutions before making significant foreign exchange transactions.
