• Forex Exchange Rates for Today Tuesday, April 19, 2022

    Forex

    Nepal Foreign Currency (Foreign Currency) data provided by the Central Bank of Nepal – Nepal Rastra Bank. The exchange rate of Indian Rupee is fixed at NRS. 160 by Nepal Rastra Bank.

    The Nepalese foreign exchange rates for today are Indian Rupee, US Dollar, European Euro, British Pound Sterling, Swiss Franc, Australian Dollar, Canadian Dollar, Singapore Dollar, Japanese Yen (10), Chinese Renminbi (Yuan), Saudi Arabian Rial, Qatari Rial, Thai Baht, UAE Dirham,

    Malaysian Ringgit, Korean Won (100), Swedish Krona, Danish Krone, Hong Kong Dollar, Kuwaiti Dinar, Bahraini Dinar.

    Fixed By Nepal Rastra Bank
    Currency Unit Buy Sell
    INR (Indian Rupee)
    100 160.00 160.15
    Open Market Exchange Rates

    (For the purpose of Nepal Rastra Bank)

    Note: Under the present system the open market exchange rates quoted by different banks may differ.
    Currency Unit Buy Sell
    USD (U.S. Dollar)
    1 121.72 122.32
    EUR (European Euro)
    1 131.40 132.04
    GBP (UK Pound Sterling)
    1 158.44 159.22
    CHF (Swiss Franc)
    1 129.07 129.71
    AUD (Australian Dollar)
    1 89.68 90.12
    CAD (Canadian Dollar)
    1 96.29 96.77
    SGD (Singapore Dollar)
    1 89.44 89.88
    JPY (Japanese Yen)
    10 9.61 9.66
    CNY (Chinese Yuan)
    1 19.12 19.21
    SAR (Saudi Arabian Riyal)
    1 32.46 32.62
    QAR (Qatari Riyal)
    1 33.33 33.49
    THB (Thai Baht)
    1 3.62 3.63
    AED (UAE Dirham)
    1 33.14 33.30
    MYR (Malaysian Ringgit)
    1 28.61 28.75
    KRW (South Korean Won)
    100 9.86 9.91
    SEK (Swedish Kroner)
    1 12.72 12.78
    DKK (Danish Kroner)
    1 17.67 17.75
    HKD (Hong Kong Dollar)
    1 15.52 15.60
    KWD (Kuwaity Dinar)
    1 398.68 400.64
    BHD (Bahrain Dinar)
    1 322.88 324.47

    The US central bank is called the Federal Reserve Bank (commonly referred to as “The Fed”). The USD is the most traded currency in the forex market and can be paired with all other major currencies. Common names for the USD include the greenback, buck, green, dough, smacker, bones, dead presidents, scrillas, and paper.

    Importance of the US Dollar

    The US Dollar is the most commonly converted currency in the world and is regularly used as a benchmark in the Forex market. As the dominant global reserve currency, it is held by almost every central bank in the world. Additionally, the Dollar is used as the standard currency in the commodity market and therefore has a direct impact on commodity prices.

    Dollarization of the USD

    Due to its international acceptance, some countries like Panama and Ecuador use the USD as an official legal tender, a practice known as dollarization. For other countries the Dollar is an accepted alternative form of payment, though not an official currency for the country. Multiple currencies are pegged to the US Dollar:
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