Foreign Exchange Rate (01 December 2016)

The central bank of Nepal, established in 1956 is Nepal Rastra Bank. Its main duty is to formulate the country’s financial sector under the rules of banking policy act 1955.

The central bank monitor the foreign exchange rate and develop the policy to promote the economy of Nepal. Its major work is to handle the entire economy of the country including supervision of the banking and financial sector in order.

In addition, Nepal Rastra Bank Act 2002 which replaces the erstwhile Act has ensured operational autonomy and independence to the Bank. Key objectives of the Bank are to achieve price and balance of payments stability, manage liquidity and ensure financial stability, develop a sound payments system, and promote financial services.

Exchange Rates Fixed by Nepal Rastra Bank Currency Unit Buying/Rs. Selling/Rs.   Indian Rupee 100 160.00 160.15

Open Market Exchange Rates (For the purpose of Nepal Rastra Bank) Currency Unit Buying/Rs. Selling/Rs.   U.S. Dollar 1 109.26 109.86   European Euro 1 116.29 116.93   UK Pound Sterling 1 136.57 137.32  Swiss Franc 1 107.88 108.48   Australian Dollar 1 81.57 82.02  Canadian Dollar 1 81.49 81.93   Singapore Dollar 1 76.64 77.06  Japanese Yen 10 9.66 9.72  Chinese Yuan 1 15.87 15.96   Saudi Arabian Riyal 1 29.13 29.29   Qatari Riyal 1 30.01 30.17   Thai Baht 1 3.07 3.08   UAE Dirham 1 29.75 29.91   Malaysian Ringgit 1 24.46 24.60   South Korean Won 100 9.32 9.37  Swedish Kroner 1 11.93 12.00   Danish Kroner 1 15.63 15.72   Hong Kong Dollar 1 14.09 14.16   Kuwaity Dinar 1 358.23 360.20   Bahrain Dinar 1 289.81 291.41

Note: Under the present system the open market exchange rates quoted by different banks may differ.