NRB Nepal Today’s Nepali Currency Exchange Rate

nepal currency exchnage rate 1

Here is the current Nepali currency exchange rate, as provided by the Nepal Rastra Bank. The exchange rate may change on a daily basis, so please bookmark this page for regular updates.

It can be seen that the Nepali currency has been steadily losing its value against major global currencies such as the US dollar, Sterling Pound, and Euro.

There are many reasons for this depreciation, but the most significant one is the political instability in Nepal.

The country has been going through a turbulent period since the 2015 earthquake, and this has affected investor confidence.

As a result, there has been a sharp outflow of foreign currency from Nepal, leading to a devaluation of the Nepali rupee.

The NRB has been trying to stem the tide by selling US dollars from its reserves, but this has not been very successful.

The government has also been trying to attract foreign investment by offering various incentives, but so far there has been little success.

The situation is likely to improve in the coming months as the new government stabilizes and starts to implement reforms. In the meantime, the Nepali rupee is expected to remain under pressure.

The current exchange rate for the Nepali rupee is as follows:

NRB Nepal Today’s Nepali Currency Exchange Rate

The open market exchange rates for Indian Rupee (units in 100), US Dollar, European Euro, UK Pound Sterling, Swiss Franc, Australian Dollar, Canadian Dollar, Singapore Dollar, Japanese Yen (units in 10), Chinese Yuan, Saudi Arabian Riyal, Qatari Riyal, Thai Baht, UAE Dirham are fixed by Nepal Rastra Bank on the basis of exchange rates prevailing in the international market.

Different banks may have different quotes for the exchange rate on the open market. You can see this from the chart. The previous day’s exchange rates are also available.

Key Takeaway

The exchange rate for the Nepali rupee against the US dollar has been steadily declining over the past few years.

In 2015, it was around Rs. 80 per dollar, but it has now fallen to around Rs. 120 per dollar.

This depreciation is largely due to political instability in Nepal and the outflow of foreign currency from the country.

The situation is likely to improve in the coming months as the new government stabilizes and starts to implement reforms. In the meantime, the Nepali rupee is expected to remain under pressure.

Nepal Bank Nepali Currency Exchange Rate

You can also visit the Nepal Bank’s Foreign Currency Exchange Rate page if you are experiencing the link above.

  • When buying CCY denominations below 50, a service charge of 0.5% should be deducted from the buying rate.
  • The rates to be used are up to $10,000.
  • If you need to contact the dealer for a large amount, you can call them at 4224898 or 4230121.

Exchange Rate For Other Currencies

XE provides a real-time currency conversion rate.

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Things to be aware of before exchanging your money

When you are looking to exchange your money, there are a few things you should be aware of in order to get the best possible rate.

First of all, make sure that you know the current exchange rate and have a general idea of what the rate has been over the past few days.

You can find this information on websites like XE or Google Finance.

If the rate is going up, it might be a good idea to wait a day or two before exchanging your money.

On the other hand, if the rate is falling, you might want to consider exchanging your money sooner rather than later.

Another thing to keep in mind is that different banks will offer different rates.

So, it’s a good idea to shop around and compare rates before making a decision.

You should also be aware of any fees or commissions that might be charged for exchanging money.

Some banks will charge a flat fee, while others will take a percentage of the total amount being exchanged.

Finally, make sure that you have all the necessary documents with you when you go to exchange your money.

These usually include your passport and visa (if applicable).

If you are exchanging a large amount of money, you might also need to show proof of income or asset ownership.

With these things in mind, you should be able to get the best possible rate when exchanging your money.

How does currency conversion work?

The first step is to find out the exchange rate between the two currencies.

This can be done by using a currency converter or by checking the rates on websites like XE or Google Finance.

Once you have found the exchange rate, you need to decide how much money you want to convert.

Some people like to convert all of their money at once, while others only convert what they need for immediate expenses.

Once you have decided how much money you want to convert, you need to find a place to do the transaction.

If you are converting a small amount of money, this can be done at most banks and currency exchange kiosks.

For larger amounts, you might need to use a specialized currency exchange service.

Once you have found a place to do the transaction, you simply need to hand over the required amount of money and let the agent do the rest.

In most cases, you will receive your money in the new currency within a few minutes.

However, if you are converting a large amount of money, it might take a few hours or even a day for the transaction to be completed.

Final Thought

Currency conversion can be a complex and confusing process.

However, if you take the time to do your research and understand the process, you should be able to get the best possible rate.

Remember to shop around, compare rates, and be aware of any fees or commissions that might be charged.

With these things in mind, you should be able to make a successful currency conversion.