Nepal Rastra Bank has set the official exchange rates for foreign currencies, with the value of the US dollar reaching its highest level in recent times. According to the central bank’s announcement, as of today, the buying rate for one US dollar stands at NPR 139.70 and the selling rate at NPR 140.30. This marks a significant rise in the value of the dollar, continuing the upward trend in the currency’s exchange rate.
In addition to the US dollar, the exchange rates for several other prominent foreign currencies have also been set, reflecting both regional and global market conditions. The Euro is priced at a buying rate of NPR 145.24 and a selling rate of NPR 145.86. Similarly, the British Pound Sterling (GBP) has a buying rate of NPR 175.84 and a selling rate of NPR 176.60. The Swiss Franc (CHF) is set at a buying rate of NPR 154.73 and a selling rate of NPR 155.40.
The exchange rates for other widely traded currencies such as the Australian Dollar (AUD), Canadian Dollar (CAD), and Singapore Dollar (SGD) have also been announced. The Australian Dollar stands at a buying rate of NPR 86.82 and a selling rate of NPR 87.20, while the Canadian Dollar is priced at a buying rate of NPR 96.78 and a selling rate of NPR 97.19. The Singapore Dollar is set at a buying rate of NPR 103.60 and a selling rate of NPR 104.04.
For Japanese Yen (JPY), one unit of the currency has a buying rate of NPR 9.29 and a selling rate of NPR 9.33. The Chinese Yuan (CNY) is priced at a buying rate of NPR 19.19 and a selling rate of NPR 19.27. Other Middle Eastern currencies include the Saudi Arabian Riyal (SAR) with a buying rate of NPR 37.25 and a selling rate of NPR 37.41, while the Qatari Riyal (QAR) has a buying rate of NPR 38.33 and a selling rate of NPR 38.50.
Asian currencies like the Thai Baht (THB), UAE Dirham (AED), and Malaysian Ringgit (MYR) are also included in the new rates. The Thai Baht has a buying rate of NPR 4.09 and a selling rate of NPR 4.11, whereas the UAE Dirham is set at a buying rate of NPR 38.04 and a selling rate of NPR 38.20. The Malaysian Ringgit stands at a buying rate of NPR 31.31 and a selling rate of NPR 31.44. The South Korean Won (KRW) is priced at NPR 9.57 (buying rate) and NPR 9.61 (selling rate) for 100 won, while the Swedish Krona (SEK) has a buying rate of NPR 12.98 and a selling rate of NPR 13.04. The Danish Krone (DKK) is valued at NPR 19.47 for the buying rate and NPR 19.56 for the selling rate.
Further, the exchange rates for the Hong Kong Dollar (HKD), Kuwaiti Dinar (KWD), Bahraini Dinar (BHD), and Omani Rial (OMR) are also set. The Hong Kong Dollar is valued at a buying rate of NPR 17.96 and a selling rate of NPR 18.04. The Kuwaiti Dinar is significantly stronger, with a buying rate of NPR 452.35 and a selling rate of NPR 454.30. The Bahraini Dinar is pegged at a buying rate of NPR 370.66 and a selling rate of NPR 372.25, while the Omani Rial is priced at a buying rate of NPR 362.86 and a selling rate of NPR 364.42.
Additionally, the Indian Rupee (INR) has been valued at a buying rate of NPR 160.00 per 100 rupees and a selling rate of NPR 160.15 per 100 rupees.
Nepal Rastra Bank has indicated that these exchange rates can be revised at any time, based on market conditions and policy requirements. The official exchange rates may differ slightly from those set by commercial banks, and any updates to the exchange rates will be made available on the Nepal Rastra Bank website for public reference. The exchange rates are set to ensure accurate and fair transactions within the Nepalese market for foreign currency dealings, both for individuals and businesses. The central bank has emphasized the possibility of adjustments based on economic fluctuations and the changing dynamics of global finance.
This new set of exchange rates reflects the continuing fluctuations in the international currency markets and the growing impact of the US dollar in Nepal’s economy. The central bank’s regular updates aim to stabilize the foreign exchange market and provide transparency to the stakeholders involved in currency trading.
