Forex Nepal – Foreign Exchange Rate in Nepal
We are glad to bring you foreign exchange rate of Nepal which is fixed by the Central Bank of Nepal that is Nepal Rastra Bank. However, in Nepal every commercial banks fix their own exchange rate for forex.
Nepal has an open market exchange rate for following currencies that are US Dollar, Canadian Dollar, Australian Dollar, European Euro, UK Pound Sterling, Hong Kong Dollar, Chinese Yuan, Japanese Yen, Saudi Arabian Riyal, Singapore Dollar, Qatari Riyal, Thai Baht, UAE Dirham, Malaysian Ringgit, Bahrain Dinar, Swiss Franc, Kuwaity Dinar, Swedish Kroner, South Korean Won and Danish Kroner. But for Indian Rupees, exchange rates are fixed by Nepal Rastra Bank for Nepalese Rupees which is fixed type, and rest of all other currencies have open market exchange rates. The open market forex rate quoted by different Nepalese commercial banks may differ from Nepal Rastra Bank exchange rates.
The forex or foreign exchange rate market is all about trading that is buying and selling of foreign currencies. People and companies buy foreign currencies, may keep it for some time, and when they think it is best time to sell their foreign currencies, they sell in foreign exchange or forex market. The forex market is also known as FX market, it is all about trading currencies and is not based on investing and growing up the business as any other regular businesses. The foreign currency trading can be profitable and if it is planned safely and carefully with known tactics of forex market. Forex market is the place where trading takes place with two different currencies of two countries.
Disclaimer: The Foreign Exchange Rates displayed on this website is from Central Bank of Nepal. The exchange rates may change without prior information anytime during the business hours. We bear no liability due to the fluctuation of foreign exchange rates to any financial loss that may occur with the use of this website.
What is Foreign Exchange or Forex?
The Forex (FX) or Foreign Exchange Rate market is over-the-counter (OTC) market and globally decentralized in which currencies are traded and also the foreign exchange rate are determined. All the aspects of buying, selling, exchanging currencies or in short trading the foreign currency at current or determined prices is known as forex (FX) or Foreign Exchange Rate Market.
Mostly in Nepal, forex is viewed for US dollar rate for Nepali Rupees and for other currencies also.
In the table below, you can also view the graph by clicking on the desired currency and you will be able to see the detailed graph of buying and selling rates of that currency of the last one month period.
Here is the Foreign Exchange Rate for Nepal fixed by Nepal Rastra Bank (NRB):
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Note: The open market quoted by different banks may be different from the exchange rates of Nepal Rastra Bank.
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