Pokhara, 19 March| Nepal Rastra Bank has announced the official foreign exchange rates for Wednesday, reflecting ongoing movements in the global currency market. According to the central bank, the buying rate for one US dollar has been set at NPR 147.50, while the selling rate stands at NPR 148.10. The updated rates provide an important benchmark for financial transactions and foreign exchange dealings across Nepal.
The central bank has also determined the exchange rates for major international currencies. The euro is being traded at a buying rate of NPR 169.83 and a selling rate of NPR 170.52. Similarly, the UK pound sterling has been fixed at NPR 196.67 for buying and NPR 197.47 for selling, while the Swiss franc stands at NPR 187.55 and NPR 188.31 for buying and selling respectively. These currencies play a crucial role in Nepal’s international trade and financial flows, particularly in import-heavy sectors.
Among other widely used currencies, the Australian dollar has been set at NPR 104.51 for buying and NPR 104.94 for selling. The Canadian dollar is valued at NPR 107.64 and NPR 108.08, while the Singapore dollar stands at NPR 115.45 for buying and NPR 115.92 for selling. In the Asian context, the Japanese yen (per 10 units) has been fixed at NPR 9.28 for buying and NPR 9.31 for selling, and the Chinese yuan is set at NPR 21.42 and NPR 21.50 respectively.
The exchange rates for Middle Eastern currencies, which are particularly relevant for remittance inflows, have also been updated. The Saudi Arabian riyal is set at NPR 39.28 for buying and NPR 39.44 for selling, while the Qatari riyal stands at NPR 40.36 and NPR 40.52. Other currencies such as the Thai baht, UAE dirham, Malaysian ringgit, South Korean won, Swedish krona, and Danish krone have also been assigned updated rates.
Additionally, the Hong Kong dollar, Kuwaiti dinar, Bahraini dinar, and Omani riyal have been listed with relatively higher values, reflecting their strength in the global market. The Indian rupee, which is widely used in Nepal due to close economic ties, has been set at NPR 160 for buying and NPR 160.15 for selling per 100 units.
Nepal Rastra Bank has stated that these exchange rates may be revised at any time depending on market conditions. It also clarified that commercial banks may set slightly different rates, and the most recent updates are available on the central bank’s official website. Overall, the latest rates highlight Nepal’s integration with global financial systems and the ongoing dynamics of foreign currency markets.
