Nepal Rastra Bank (NRB), the central bank of Nepal, has announced the official foreign exchange rates for various currencies applicable for today. These exchange rates are crucial for businesses, travelers, and financial institutions dealing in international transactions and foreign currency conversions.
Official Exchange Rates Set by NRB
According to the information published by the central bank, the buying rate for one unit of the US dollar has been set at NPR 136.52, while the selling rate is NPR 137.12. The United States dollar continues to be the most significant currency for Nepal’s foreign reserves and trade activities.
Similarly, the buying rate for the European Euro stands at NPR 156.02 and the selling rate at NPR 156.70. The Pound Sterling of the United Kingdom has been valued at NPR 184.10 for buying and NPR 184.91 for selling. In line with global currency trends, these rates fluctuate regularly based on international market movements and economic indicators.
The Swiss Franc has been fixed at NPR 165.92 for buying and NPR 166.65 for selling. This currency holds importance for remittances and financial transactions, particularly involving international institutions.
Exchange Rates of Major International Currencies
Australia and Canada, countries with a significant Nepali diaspora, also witnessed updated currency rates today. The Australian Dollar (AUD) is set at NPR 88.81 for buying and NPR 89.20 for selling, while the Canadian Dollar (CAD) is valued at NPR 99.75 for buying and NPR 100.10 for selling.
The Singapore Dollar (SGD), important in the context of Nepali labor migration, has been assigned a buying rate of NPR 106.11 and a selling rate of NPR 106.57. Similarly, the Japanese Yen (JPY), quoted per 10 units, is at NPR 9.40 for buying and NPR 9.44 for selling.
China, Nepal’s neighboring trade partner, has its currency Yuan (CNY) valued at NPR 18.99 for buying and NPR 19.08 for selling. With increasing trade and investment ties between the two nations, this rate carries relevance for import-export businesses.
Gulf and Middle Eastern Currency Rates
Foreign employment is a major contributor to Nepal’s remittance inflows, and countries in the Middle East play a dominant role in this regard. The Saudi Arabian Riyal (SAR) is listed at NPR 36.40 for buying and NPR 36.56 for selling. Similarly, the Qatari Riyal (QAR) stands at NPR 37.46 (buying) and NPR 37.63 (selling).
Other regional currencies include the UAE Dirham (AED) at NPR 37.17 (buying) and NPR 37.34 (selling), and the Omani Riyal (OMR) at NPR 354.58 (buying) and NPR 356.14 (selling). The Bahraini Dinar (BHD), a high-value currency, has been set at NPR 362.01 for buying and NPR 363.60 for selling.
The Kuwaiti Dinar (KWD), often ranked among the strongest currencies globally, is valued at NPR 445.74 for buying and NPR 447.69 for selling. These rates are of critical importance for families receiving remittances and agencies working in foreign employment management.
Asian and Scandinavian Currencies
In addition to major world currencies, the NRB also provides exchange rates for currencies from countries with growing trade and employment relations with Nepal. The Thai Baht (THB) is fixed at NPR 4.18 for buying and NPR 4.20 for selling. The Malaysian Ringgit (MYR), widely used among Nepali workers in Malaysia, is valued at NPR 32.22 (buying) and NPR 32.36 (selling).
From the East Asian region, the South Korean Won (KRW), quoted per 100 units, is at NPR 9.94 for buying and NPR 9.98 for selling. With increasing numbers of Nepali students and workers in Korea, this rate is of growing relevance.
Scandinavian currencies have also been included. The Swedish Krona (SEK) is set at NPR 14.20 for buying and NPR 14.26 for selling, while the Danish Krone (DKK) is valued at NPR 20.92 (buying) and NPR 21.01 (selling).
South Asian Region and Indian Currency Rate
Nepal’s closest economic ties remain with India, and the exchange rate for Indian currency is a key indicator of cross-border economic activity. The Indian Rupee (INR), which holds a fixed but occasionally adjustable value in the Nepali economy, is set at NPR 160.00 for buying and NPR 160.15 for selling per INR 100. This fixed exchange regime is maintained to stabilize Nepal’s economic relations with India, its largest trading partner.
Flexibility in Exchange Rate Adjustments
The central bank has also stated that these rates are subject to revision at any time, depending on market conditions. While the Nepal Rastra Bank provides the benchmark exchange rates, commercial banks are permitted to offer slightly different rates depending on their internal policies, market demand, and operational costs.
The NRB emphasizes that anyone involved in foreign currency transactions, whether individuals, companies, or financial institutions, should refer to its official website for real-time updates. The exchange rates published daily are based on the weighted average of foreign exchange markets and global currency movements.
The Nepal Rastra Bank’s daily publication of foreign exchange rates plays a vital role in ensuring transparency, stabilizing currency value, supporting trade, facilitating remittance flows, and guiding economic planning. These rates are not only crucial for currency traders and banks but also for ordinary citizens planning foreign travel, receiving remittances, or importing goods.
