For countless individuals and businesses across Nepal, the daily announcement of foreign exchange rates is a critical economic event that directly impacts everything from household budgets fueled by remittances to the strategic decisions of international traders. Nepal Rastra Bank (NRB), the nation’s central monetary authority, has released its latest official foreign currency exchange rates, establishing the benchmark against which the Nepalese Rupee (Rs) will be measured in financial transactions throughout the country. This report serves as more than just a list of numbers; it is a fundamental pillar of economic stability, providing a transparent and standardized reference for commercial banks, exchange houses, and the general public. Understanding these figures is essential for anyone engaging in international commerce, planning overseas travel, or receiving funds from abroad, as even minor fluctuations can have significant financial consequences. The rates published by the NRB reflect a snapshot of the global economic landscape and Nepal’s position within it.
Major Global and Regional Currency Valuations
The latest figures from the central bank provide a comprehensive overview of the Nepalese Rupee’s standing against major world currencies, with the US dollar positioned at a buying rate of Rs 144.32 and a selling rate of Rs 144.92. In Europe, the euro is valued at Rs 169.08 for buying and Rs 169.78 for selling, while the British pound sterling is set at Rs 192.39 and Rs 193.19 for buying and selling, respectively. The Swiss franc holds strong at Rs 181.08 (buying) and Rs 181.83 (selling). The rates for other key currencies from developed economies also reflect current market dynamics, with the Australian dollar listed at Rs 95.49/95.89 and the Canadian dollar at Rs 104.65/105.09. Shifting focus to Asia and the Middle East, the Japanese yen is pegged at Rs 9.28 for buying and Rs 9.32 for selling per 10 units, while the Chinese yuan is set at Rs 20.49/20.57. For Gulf currencies, the UAE dirham is valued at Rs 39.29/39.46, and the Saudi riyal at Rs 38.48/38.64. A unique and vital component of this report is the Indian rupee, which maintains its pegged relationship with the Nepalese rupee and was set at Rs 160 (buying) and Rs 160.15 (selling) per 100 units.
The central bank’s daily publication of exchange rates was accompanied by a standard advisory that served as a crucial reminder of the inherent volatility within the foreign exchange market. The institution clarified that the officially published figures represented a benchmark and were subject to change based on real-time market dynamics. It was further noted that the rates offered by commercial banks and other financial institutions could vary from the official figures, a common practice that accounts for operational costs and market-driven supply and demand. This guidance underscored the importance for the public and businesses to approach currency exchange with diligence. The advisory implicitly directed consumers to verify the most current rates directly with their chosen financial institutions before finalizing any transactions. This distinction between the central bank’s benchmark and the rates available on the open market highlighted the practical steps individuals needed to take to ensure they were receiving the most favorable terms for their currency conversions, reinforcing the need for financial awareness in navigating the complexities of international finance.
