Nepal Rastra Bank (NRB), the central bank of Nepal, has set the foreign currency exchange rates for today, reflecting slight fluctuations in the value of major global currencies against the Nepali Rupee. The bank’s latest official rates specify the buying and selling prices for a range of currencies commonly used in trade, remittance, and tourism.
US Dollar Rate Set at NPR 138.61 (Buying) and NPR 139.21 (Selling)
According to NRB’s official announcement, the buying rate of the US Dollar is fixed at 138 Nepali Rupees and 61 Paisa, while the selling rate stands at 139 Nepali Rupees and 21 Paisa. As the most widely used currency in Nepal’s foreign exchange market, the US Dollar rate significantly influences the pricing of goods, services, and foreign trade transactions.
Rates for European and British Currencies
The Euro (EUR) is being bought at 160 Rupees and 28 Paisa and sold at 160 Rupees and 98 Paisa, while the British Pound Sterling (GBP) holds a buying rate of 185 Rupees and a selling rate of 185 Rupees and 80 Paisa. The Swiss Franc is similarly priced, with a buying rate of 172 Rupees and 15 Paisa and a selling rate of 172 Rupees and 90 Paisa. These rates indicate a stable exchange market with only minor daily variations, consistent with recent trends in the international currency markets.
Australian, Canadian, and Singapore Dollars
For the Australian Dollar (AUD), the buying rate is set at 90 Rupees and 20 Paisa, with the selling rate at 90 Rupees and 59 Paisa. The Canadian Dollar (CAD) shows a buying rate of 100 Rupees and 77 Paisa, and the selling rate of 101 Rupees and 21 Paisa. The Singapore Dollar (SGD) is priced with a buying rate of 107 Rupees and 63 Paisa and a selling rate of 108 Rupees and 10 Paisa. These figures highlight Nepal’s active trade and financial ties with countries in the Asia-Pacific region, reflecting currency movements in global markets.
Asian Currencies Including Japanese Yen, Chinese Yuan, and Gulf Currencies
The Japanese Yen (JPY) at 10 units has a buying rate of 9 Rupees and 33 Paisa and a selling rate of 9 Rupees and 37 Paisa. The Chinese Yuan (CNY) is set at 19 Rupees and 32 Paisa (buying) and 19 Rupees and 40 Paisa (selling). Gulf currencies such as the Saudi Arabian Riyal (SAR) and the Qatari Riyal (QAR) have been priced with buying rates of 36 Rupees and 95 Paisa and 38 Rupees and 03 Paisa respectively, and selling rates at 37 Rupees and 11 Paisa and 38 Rupees and 19 Paisa.
Other notable currency rates announced include the Thai Baht (THB) with a buying rate of 4 Rupees and 27 Paisa and selling rate of 4 Rupees and 29 Paisa, the UAE Dirham (AED) at 37 Rupees and 74 Paisa (buying) and 37 Rupees and 90 Paisa (selling), and the Malaysian Ringgit (MYR) with rates of 32 Rupees and 73 Paisa (buying) and 32 Rupees and 88 Paisa (selling).
Exchange Rates for Other International Currencies
The bank also set rates for the South Korean Won (KRW) 100 units at a buying rate of 9 Rupees and 96 Paisa and selling at 10 Rupees and 03 Paisa. Scandinavian currencies such as the Swedish Krona (SEK) and the Danish Krone (DKK) have been priced with buying rates of 14 Rupees and 38 Paisa and 21 Rupees and 48 Paisa respectively, and selling rates of 14 Rupees and 44 Paisa and 21 Rupees and 57 Paisa.
For the Hong Kong Dollar (HKD), the buying rate is 17 Rupees and 66 Paisa and selling rate is 17 Rupees and 73 Paisa. Middle Eastern currencies such as the Kuwaiti Dinar (KWD), Bahraini Dinar (BHD), and Omani Rial (OMR) have also been assigned exchange rates, with the Kuwaiti Dinar priced at 453 Rupees and 70 Paisa for buying and 455 Rupees and 66 Paisa for selling.
Indian Rupee Exchange Rate Remains Stable
The Indian Rupee (INR), being a major trading partner’s currency, has been fixed at 160 Rupees (buying rate) and 160 Rupees and 15 Paisa (selling rate) per 100 Indian Rupees. This rate is particularly significant for cross-border trade and remittance flows between Nepal and India.
Central Bank Retains Right to Modify Rates
The Nepal Rastra Bank has clarified that it reserves the right to revise these exchange rates at any time as per market dynamics and macroeconomic conditions. It also emphasized that commercial banks and authorized financial institutions may have slightly different exchange rates depending on their policies and market demand.
To ensure transparency, the updated exchange rates are made available daily on the Nepal Rastra Bank’s official website, where the public and businesses can verify the latest currency valuations.
Importance of Exchange Rates for Economy and Public
Exchange rates play a crucial role in shaping Nepal’s import-export prices, foreign remittance inflows, tourism sector earnings, and overall economic stability. Fluctuations in currency values impact everything from the cost of imported goods and fuel to the purchasing power of Nepali citizens abroad. For individuals and businesses engaging in foreign transactions, staying informed about the daily currency rates is essential for accurate budgeting and financial planning.
As the global economic environment continues to fluctuate amid geopolitical tensions, inflation concerns, and post-pandemic recovery, Nepal’s foreign exchange rates will remain a closely watched economic indicator. The Nepal Rastra Bank’s daily rate announcements provide a critical benchmark for financial institutions, traders, investors, and consumers across the country. The central bank continues to monitor both internal and external economic factors carefully and will adjust policies and rates accordingly to maintain financial stability and foster economic growth.
