Nepal Rastra Bank (NRB) has announced the exchange rates for foreign currencies applicable for Wednesday. These rates will be used for foreign exchange transactions within Nepal, though commercial banks may have slightly different rates based on market conditions. The central bank has also indicated that the rates are subject to revision at any time if necessary.
According to NRB, the buying rate for one U.S. dollar has been set at NPR 138.83, while the selling rate stands at NPR 139.43. Similarly, the buying rate for one European euro has been fixed at NPR 145.27, while the selling rate is NPR 145.90. The British pound sterling is trading at NPR 174.95 for buying and NPR 175.71 for selling. Meanwhile, the Swiss franc is valued at NPR 153.98 for buying and NPR 154.65 for selling.
Among other major currencies, the buying rate for one Australian dollar is NPR 88.26, with the selling rate at NPR 88.64. The Canadian dollar is valued at NPR 97.89 for buying and NPR 98.31 for selling. Similarly, the Singapore dollar has a buying rate of NPR 103.47 and a selling rate of NPR 103.91.
The Japanese yen, measured per ten units, has a buying rate of NPR 9.15 and a selling rate of NPR 9.19. The Chinese yuan is valued at NPR 19.07 for buying and NPR 19.16 for selling. The Saudi Arabian riyal stands at NPR 37.02 for buying and NPR 37.18 for selling, while the Qatari riyal is fixed at NPR 38.09 for buying and NPR 38.25 for selling.
NRB has also determined the exchange rates for other global currencies. The Thai baht is set at NPR 4.12 for buying and NPR 4.14 for selling. The UAE dirham is trading at NPR 37.80 for buying and NPR 37.96 for selling. Similarly, the Malaysian ringgit has been valued at NPR 31.23 for buying and NPR 31.36 for selling. The South Korean won, measured per hundred units, is valued at NPR 9.64 for buying and NPR 9.68 for selling. The Swedish krona is priced at NPR 12.96 for buying and NPR 13.02 for selling, while the Danish krone has been fixed at NPR 19.48 for buying and NPR 19.56 for selling.
In addition, the exchange rate for the Hong Kong dollar has been set at NPR 17.85 for buying and NPR 17.93 for selling. The Kuwaiti dinar, one of the highest-valued currencies, is trading at NPR 449.87 for buying and NPR 451.81 for selling. Similarly, the Bahraini dinar is valued at NPR 368.38 for buying and NPR 369.97 for selling, while the Omani rial stands at NPR 360.59 for buying and NPR 362.15 for selling.
Regarding the Indian currency, which has a fixed exchange rate with the Nepali rupee, NRB has set the buying rate at NPR 160 per INR 100, while the selling rate is slightly higher at NPR 160.15. This rate plays a crucial role in Nepal’s trade and economic transactions, given the close economic ties between the two neighboring countries.
NRB has stated that these rates may be adjusted as per market fluctuations. It has also clarified that the exchange rates determined by commercial banks may differ slightly from the rates set by the central bank. For real-time updates on exchange rates, NRB has advised individuals and businesses to refer to its official website.
Foreign exchange rates play a critical role in Nepal’s economy, affecting various sectors, including tourism, imports, and remittances. A slight fluctuation in the exchange rates can significantly impact Nepalese businesses and individuals dealing with foreign currency transactions. With the current global economic scenario and Nepal’s reliance on remittances, monitoring exchange rates remains crucial for traders, financial institutions, and policymakers.
As the central regulatory authority, Nepal Rastra Bank continues to ensure that exchange rate policies remain in line with Nepal’s economic interests, keeping inflation and external trade stability in check.
