Foreign Exchange Rate for 30 November, 2016
Forex market is the process of exchange the good's value in to money. When people produce goods more than their needs,they need easier methods to exchange the goods in to money.That become possible after the invention of money.
Money/currencies made easier in the market or trade instead of goods on determined value. The Forex exchange trade works through the several financial and commercial bank or institutions. Though every country has their own central bank to control the financial activities with certain policies.
In the context of Nepal, Nepal Rastra Bank is the central bank of the country was establish in 1956 is the supreme , monetary,regulatory and supervisory authority of financial institution.
Nepal Rastra bank Is the national bank and it has some major work such as:
1- Formulating the policies.
2- Determine the exchange policies.
3- Issuing the Notes And Currencies.
4- Developing the banking system.
5- Control other commercial bank through policies and law.
6- Bank of the Banks.
7- NRB. provides the license to the other commercial and financial institutions.
Nepal Rastra bank determine the every day's foreign exchange rate.
So today's Exchange rate fixed as below:
Money/currencies made easier in the market or trade instead of goods on determined value. The Forex exchange trade works through the several financial and commercial bank or institutions. Though every country has their own central bank to control the financial activities with certain policies.
In the context of Nepal, Nepal Rastra Bank is the central bank of the country was establish in 1956 is the supreme , monetary,regulatory and supervisory authority of financial institution.
1- Formulating the policies.
2- Determine the exchange policies.
3- Issuing the Notes And Currencies.
4- Developing the banking system.
5- Control other commercial bank through policies and law.
6- Bank of the Banks.
7- NRB. provides the license to the other commercial and financial institutions.
Nepal Rastra bank determine the every day's foreign exchange rate.
So today's Exchange rate fixed as below:
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Note: Under the present system the open market exchange rates quoted by different banks may differ. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign Exchange Rate for 30 November, 2016
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