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Nepal Rastra Bank Sets Foreign Exchange Rates: USD Hits Record High

Nepal Rastra Bank Sets Foreign Exchange Rates: USD Hits Record High

The Nepal Rastra Bank (NRB) has announced the foreign exchange rates for today, marking a significant rise in the value of the US dollar, which has reached an all-time high. Strengthened by the robust US dollar, the value of other foreign currencies has also surged.

As per the NRB’s fixed rates, the buying rate for one US dollar is set at NPR 138.23, while the selling rate stands at NPR 138.83. Similarly, the buying rate for one Euro is NPR 140.86, and the selling rate is NPR 141.47. The UK Pound Sterling is pegged at a buying rate of NPR 167.59 and a selling rate of NPR 168.32, while the Swiss Franc’s buying and selling rates are NPR 150.77 and NPR 151.42, respectively.

The rates for other major currencies include the Australian Dollar at NPR 84.98 (buying) and NPR 85.35 (selling), the Canadian Dollar at NPR 95.80 (buying) and NPR 96.22 (selling), and the Singapore Dollar at NPR 100.56 (buying) and NPR 101.00 (selling).

For Asian currencies, the Japanese Yen (per 10 units) is valued at NPR 8.79 (buying) and NPR 8.82 (selling), while the Chinese Yuan stands at NPR 18.85 (buying) and NPR 18.93 (selling). The Saudi Riyal is set at NPR 36.82 (buying) and NPR 36.98 (selling), and the Qatari Riyal at NPR 37.92 (buying) and NPR 38.08 (selling).

Additionally, rates for the Thai Baht are NPR 3.97 (buying) and NPR 3.99 (selling), the UAE Dirham at NPR 37.63 (buying) and NPR 37.80 (selling), and the Malaysian Ringgit at NPR 30.65 (buying) and NPR 30.78 (selling). South Korean Won (per 100 units) is priced at NPR 9.39 (buying) and NPR 9.43 (selling), with the Swedish Kroner and Danish Kroner set at NPR 12.25 (buying) and NPR 12.30 (selling) and NPR 18.88 (buying) and NPR 18.96 (selling), respectively.

High-value currencies like the Kuwaiti Dinar are priced at NPR 447.52 (buying) and NPR 449.46 (selling), while the Bahraini Dinar is valued at NPR 366.67 (buying) and NPR 368.26 (selling). The Omani Riyal stands at NPR 359.06 (buying) and NPR 360.62 (selling).

For regional transactions, the exchange rate for 100 Indian Rupees is NPR 160 (buying) and NPR 160.15 (selling).

The NRB has clarified that these rates are subject to revision and may change as required. Commercial banks may set slightly different rates, with updated rates available on the central bank’s official website.

This rise in foreign exchange rates underlines global currency dynamics, significantly impacting trade and financial transactions in Nepal.

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