Fixed by Nepal Rastra Bank
Unit
100
🇮🇳 INR — Indian Rupee
Fixed rate under the India-Nepal Treaty · Not subject to market fluctuation
Buy
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Sell
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Open Market Exchange Rates
Live Forex Rate from Nepal
Official rates published by Nepal Rastra Bank. Commercial bank rates may differ. All values in Nepalese Rupee (NPR). Updated daily at ~3:00 PM NPT.
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Export Historical Rates
Understanding Nepal's Foreign Exchange System
Nepal's foreign exchange system is managed by Nepal Rastra Bank (NRB), the central bank of Nepal, established in 1956. The NRB is responsible for maintaining the stability of the Nepalese Rupee (NPR) and managing the country's foreign exchange reserves. The bank publishes official forex rates every business day, which serve as the benchmark for all commercial banks, remittance companies, and financial institutions across the country.
Nepal operates a managed floating exchange rate regime for most major currencies, meaning the NRB allows market forces to influence rates while occasionally intervening to maintain stability. However, the Indian Rupee (INR) has a special fixed-rate arrangement under the 1950 India-Nepal Treaty, which makes it unique compared to other currencies.
Key Highlights
- Official Source: Directly from Nepal's central bank since 1956
- Daily Updates: Rates published every business day at ~3:00 PM Nepal Time
- Legal Reference: Used by all licensed banks, remittance companies, and financial institutions
- Transparent Pricing: Clear buy and sell rates with no hidden margins
How Nepal Rastra Bank Determines Daily Forex Rates
Nepal Rastra Bank follows a systematic process to determine daily forex rates:
- Global Market Monitoring: NRB closely monitors international foreign exchange markets, tracking the movement of major currencies like USD, EUR, GBP, and JPY.
- Supply and Demand Analysis: The bank analyzes the supply and demand dynamics of foreign currency in Nepal's domestic market, considering factors like remittance inflows, import/export volumes, and tourism receipts.
- Reference Rate Calculation: Using the previous day's closing rates in international markets and adjusting for local conditions, NRB calculates the official buy and sell rates for each currency.
- Publication: The final rates are published every business day at approximately 3:00 PM Nepal Time on the NRB website and API platform.
Buy Rate vs Sell Rate
Buy Rate: The rate at which the bank purchases foreign currency from you. This is always lower than the sell rate.
Sell Rate: The rate at which the bank sells foreign currency to you. This is higher than the buy rate.
The difference between the two is called the spread — this is how banks generate revenue from currency exchange.
Remittance, Travel & Forex Rates
Remittance: NRB rates serve as the official benchmark for all licensed remittance companies in Nepal. While the NRB rates are the reference, remittance companies may add a small margin (typically 0.5% to 1.5%) to cover operational costs. A stronger foreign currency means more NPR for the recipient.
Travel: If you're traveling abroad, banks and money changers will use the sell rate to sell you foreign currency. For international tourists in Nepal, you'll receive the buy rate when exchanging your currency for NPR.
Tips for Getting the Best Rates
- Check NRB rates first as a baseline reference
- Compare rates across multiple banks and money changers
- Avoid airport exchanges — they often offer less favorable rates
- Monitor rates over a few days to identify favorable trends
- Always use licensed and authorized providers
Currencies Tracked by Nepal Rastra Bank
Nepal Rastra Bank tracks over 20 major international currencies on its forex platform. The most commonly traded currencies include:
- USD — U.S. Dollar (most traded, for remittance, travel, and business)
- EUR — Euro (European travel, education, and imports)
- GBP — British Pound (UK students, workers, and traders)
- CHF — Swiss Franc (Swiss trade and investment)
- AUD — Australian Dollar (Nepali migrants in Australia)
- CAD — Canadian Dollar (Nepali migrants in Canada)
- SGD — Singapore Dollar (Nepali migrants in Singapore)
- JPY — Japanese Yen (Japanese trade and tourism)
- CNY — Chinese Yuan (Chinese trade and investment)
- SAR — Saudi Riyal (Nepali workers in Saudi Arabia)
- QAR — Qatari Riyal (Nepali workers in Qatar)
- THB — Thai Baht (Thai trade and tourism)
- AED — UAE Dirham (Nepali workers in the UAE)
- MYR — Malaysian Ringgit (Nepali workers in Malaysia)
- KRW — South Korean Won (Korean trade and employment)
- NOK — Norwegian Krone, NZD — New Zealand Dollar, and more.
The INR (Indian Rupee) has a special fixed-rate arrangement under the India-Nepal Treaty and is not subject to market fluctuation.
Frequently Asked Questions
The official USD to NPR exchange rate is published daily by Nepal Rastra Bank. As of today, the buy rate (NRB purchases USD) is approximately NPR 146–148 per USD, and the sell rate (NRB sells USD) is NPR 147–149 per USD. These rates fluctuate daily based on global forex market movements. For the most current rate, use the date picker above to load today's official rates.
Nepal Rastra Bank publishes official foreign exchange rates every business day (Sunday to Friday) at approximately 3:00 PM Nepal Time. The rates remain fixed for the entire next business day, providing stability and predictability for businesses and individuals. Rates are not published on Saturdays (weekly holiday) or on other public holidays.
The Indian Rupee (INR) has a fixed exchange rate arrangement with Nepal under the India-Nepal Treaty of 1950. This treaty establishes a special economic relationship between the two countries, and the INR is pegged at a fixed rate against the NPR. This fixed rate system provides stability for cross-border trade, travel, and remittance between Nepal and India, which is Nepal's largest trading partner.
Yes, Nepal Rastra Bank rates serve as the official benchmark for all licensed remittance companies, banks, and financial institutions in Nepal. However, individual remittance companies and banks may apply small margins (typically 0.5% to 1.5%) to cover their operational costs. This means the rate you receive from a remittance provider may be slightly lower than the NRB rate. Always compare rates across multiple providers before making a transfer.
In Nepal's forex market, the buy rate is the rate at which Nepal Rastra Bank or commercial banks purchase foreign currency from you (e.g., when you exchange USD for NPR). The sell rate is the rate at which they sell foreign currency to you (e.g., when you need USD for travel). The sell rate is typically higher than the buy rate, and the difference between the two is called the spread — this is how banks generate revenue from currency exchange.
Yes, Nepal Rastra Bank's official forex rates serve as the base reference for all commercial banks and financial institutions in Nepal. However, individual banks may apply a small margin or spread on top of the NRB rates for their retail customers. The NRB rates are the benchmark that ensures consistency across the banking system. For large corporate transactions, banks may offer rates closer to the NRB benchmark with reduced margins.
Nepal Rastra Bank determines daily forex rates through a systematic process: (1) Global Market Monitoring — tracking major currencies in international forex markets; (2) Supply and Demand Analysis — evaluating the flow of foreign currency in Nepal's domestic market; (3) Reference Rate Calculation — using the previous day's international closing rates adjusted for local conditions; and (4) Publication — releasing the final rates every business day at ~3:00 PM Nepal Time.
Nepal Rastra Bank tracks over 20 major international currencies including: USD, EUR, GBP, CHF, AUD, CAD, SGD, JPY, CNY, SAR, QAR, THB, AED, MYR, KRW, SEK, DKK, HKD, KWD, BHD, OMR, NOK, and NZD. The INR (Indian Rupee) has a special fixed-rate arrangement under the India-Nepal Treaty.
The best time to check forex rates in Nepal is after 3:00 PM Nepal Time on business days (Sunday to Friday), when Nepal Rastra Bank publishes the official daily rates. These rates remain valid until the next business day. If you're planning a currency exchange, checking the rates after publication gives you the most up-to-date information for making informed decisions.
NRB's forex rates directly impact remittance to Nepal by serving as the benchmark for all licensed remittance companies. When a sender sends money to Nepal, the remittance company uses the NRB rate as a base and may apply a small margin. The rate determines how much Nepalese Rupee the recipient receives — a stronger foreign currency means more NPR. Remittance is a vital part of Nepal's economy, contributing significantly to GDP.
Nepal Rastra Bank does not directly provide retail currency exchange services to the general public. Instead, its role is to set and publish the official reference rates that guide all authorized banks and licensed money changers. For actual currency exchange, you should visit a commercial bank or an authorized money changer in Nepal.
Global forex market movements have a direct impact on Nepal's exchange rates for currencies other than INR. For example, if the US Dollar strengthens globally against other major currencies, the USD/NPR rate in Nepal will typically rise (meaning more NPR per USD). Nepal Rastra Bank monitors these global movements daily and adjusts its rates accordingly. The INR rate remains fixed under the India-Nepal Treaty.
You can export historical forex rate data using the Export Historical Rates tool on this page. Simply select a From Date and To Date, choose your preferred format (CSV or JSON), and click Export Range. The tool will fetch data for each day in your selected range and compile a downloadable file with currency codes, names, units, buy rates, and sell rates. The export supports up to 30 days of history at a time.
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