Market Guide: Foreign Exchange in Nepal
The Foreign Exchange Market in Nepal is strictly regulated by the Nepal Rastra Bank (NRB). For businesses, travelers, and non-resident Nepalese, staying updated with the daily 'Buying' and 'Selling' rates is essential for accurate financial transactions.
Our platform provides a real-time dashboard that fetches the latest NRB benchmarks, allowing you to convert USD to NPR, INR to NPR, and other major currencies with absolute confidence.
Currency & Forex FAQ
Where do these exchange rates come from?
Our data is synchronized daily with the official benchmarks published by the Nepal Rastra Bank (NRB). We provide accurate Buying and Selling rates for all major global currencies.
Is the Indian Rupee (INR) rate fixed in Nepal?
Yes, the exchange rate between the Indian Rupee and the Nepalese Rupee is pegged at 1.60. This means 100 Indian Rupees always equals 160 Nepalese Rupees.
Why is there a difference between the Buying and Selling rates?
The Buying Rate is what the bank pays you for your foreign currency, while the Selling Rate is what you pay the bank. The difference, or 'spread', covers operational costs and market risks.
How often are the forex rates updated on NepaCalc?
We update our forex indices every morning as soon as the NRB releases the daily official rates, ensuring you have the latest figures for your financial planning.
Does this include remittance rates from providers like IME?
This tool shows the official interbank rates. While remittance providers like IME or Western Union use these as a base, their actual rates may vary based on their internal margins.