Nepal Rastra Bank (NRB), the central bank of Nepal, has released the official foreign exchange rates for today, providing benchmarks for commercial banks and financial institutions across the country. The updated rates cover a wide range of international currencies, from major global currencies such as the US dollar, Euro, and British pound to regional currencies including the Indian rupee, Chinese yuan, and Japanese yen.
US Dollar, Euro, and British Pound Rates
According to NRB’s latest update, the buying rate for one US dollar has been fixed at NPR 140.93, while the selling rate stands at NPR 141.53. This slight adjustment reflects ongoing market dynamics and global currency movements.
For the Euro, one unit will be purchased at NPR 165.21 and sold at NPR 165.92. Similarly, the British pound sterling has been set at a buying rate of NPR 190.40 and a selling rate of NPR 191.21, making it one of the higher-valued currencies in the list. The Swiss franc, another strong currency, has been priced at NPR 176.98 for buying and NPR 177.73 for selling.
Australian, Canadian, and Singapore Dollar Rates
The Australian dollar stands at NPR 92.77 for buying and NPR 93.17 for selling. The Canadian dollar is set at NPR 101.95 for buying and NPR 102.38 for selling, while the Singapore dollar is valued at NPR 109.80 for buying and NPR 110.26 for selling. These currencies are particularly important for trade, tourism, and remittance flows between Nepal and the respective countries.
Asian Currencies: Yen, Yuan, and Gulf Region Rates
The Japanese yen, calculated per 10 units, is priced at NPR 9.54 for buying and NPR 9.58 for selling. The Chinese yuan stands at NPR 19.76 for buying and NPR 19.85 for selling, reflecting Nepal’s strong cross-border trade with China.
In the Gulf region, the Saudi Arabian riyal is priced at NPR 37.56 for buying and NPR 37.72 for selling, while the Qatari riyal stands at NPR 38.67 for buying and NPR 38.83 for selling. The United Arab Emirates (UAE) dirham has been fixed at NPR 38.37 for buying and NPR 38.53 for selling.
These Gulf currencies are particularly significant for Nepal given the large number of Nepali migrant workers residing and working in Gulf Cooperation Council (GCC) countries, whose remittances play a crucial role in Nepal’s economy.
Other Asian and Regional Currencies
The Thai baht is set at NPR 4.42 for buying and NPR 4.44 for selling. The Malaysian ringgit has been priced at NPR 33.39 for buying and NPR 33.53 for selling. The South Korean won, calculated per 100 units, is valued at NPR 10.14 for buying and NPR 10.18 for selling, while the Hong Kong dollar stands at NPR 18.09 for buying and NPR 18.16 for selling.
Scandinavian and European Minor Currencies
Among Scandinavian currencies, the Swedish krona is valued at NPR 15.01 for buying and NPR 15.07 for selling. The Danish krone has been fixed at NPR 22.13 for buying and NPR 22.22 for selling. These currencies, though not as frequently traded in Nepal as the US dollar or Euro, still hold relevance for trade, tourism, and remittance purposes.
High-Value Currencies: Kuwaiti Dinar, Bahraini Dinar, and Omani Rial
The Kuwaiti dinar, one of the highest-valued currencies globally, is priced at NPR 461.37 for buying and NPR 463.33 for selling. Similarly, the Bahraini dinar stands at NPR 373.82 for buying and NPR 375.42 for selling. The Omani rial has been fixed at NPR 366.06 for buying and NPR 367.62 for selling. These high-value currencies are especially important for calculating remittances from Nepalis working in the Middle East.
Indian Rupee Rate
Given Nepal’s close economic ties with India, the Indian rupee rate remains a crucial benchmark. For today, the rate for 100 Indian rupees is set at NPR 160.00 for buying and NPR 160.15 for selling. This rate is particularly important for cross-border trade and daily economic activities in border regions.
Central Bank Advisory
NRB has clarified that while it issues the official reference exchange rates, the actual rates used by commercial banks for their clients may vary slightly. These variations depend on each bank’s internal policies and market demand. The central bank also stated that these rates are subject to change at any time based on market conditions, and the most updated rates are always available on its official website.
Economic Implications
Exchange rates play a vital role in Nepal’s economy, influencing trade, tourism, remittance inflows, and inflation. A stronger US dollar, for example, can make imports more expensive while increasing the value of remittances sent from abroad. Conversely, a weaker dollar can benefit importers but reduce the rupee value of remittances. Given Nepal’s high dependence on imports and remittances, even small fluctuations in foreign exchange rates can have wide-ranging economic impacts.
Today’s exchange rate announcement from Nepal Rastra Bank provides the latest reference point for businesses, travelers, remittance recipients, and traders. With the global currency market constantly shifting due to geopolitical events, interest rate changes, and economic indicators, NRB’s daily updates remain an essential tool for financial decision-making in Nepal.
The central bank has once again advised all concerned stakeholders to stay informed and check the latest rates before conducting foreign exchange transactions, ensuring transparency and accuracy in the country’s financial system.
