Nepal Rastra Bank has published the foreign exchange rates for Wednesday, showing an increase in the value of the US dollar. According to the central bank, the buying rate of one US dollar has been fixed at NPR 144.13, while the selling rate stands at NPR 144.73.
With the rise in the dollar’s value, imported goods are expected to become more expensive. Likewise, the buying rate of one European euro has been set at NPR 169.94 and the selling rate at NPR 170.65, while the selling rate of the UK pound sterling has reached NPR 197.66.
Among foreign currencies, the Kuwaiti dinar remains the most expensive, with a selling rate of NPR 473.83. The Australian dollar has been fixed at a buying rate of NPR 101.01 and a selling rate of NPR 101.43, while the Canadian dollar’s selling rate has been set at NPR 105.82.
In the Gulf region, the selling rate of the Saudi riyal stands at NPR 38.59, the Qatari riyal at NPR 39.71, and the UAE dirham at NPR 39.41. The selling rate of the Malaysian ringgit has been fixed at NPR 36.80.
The exchange rate of the Indian currency has remained unchanged, with the buying rate of INR 100 set at NPR 160 and the selling rate at NPR 160.15. Nepal Rastra Bank has stated that these rates may be revised at any time as required.
As commercial banks are allowed to set their own exchange rates, the general public has been advised to check the latest rates before conducting transactions. Fluctuations in exchange rates are also expected to provide some benefit to Nepalis working abroad when sending remittances home.
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