US Dollar to Nepalese Rupee Exchange Rate
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How can I get the best exchange rate between US dollar and the Nepalese rupee?
To get the best exchange rate between the US dollar and the Nepalese rupee, it is important to first learn the mid-market rate, or the “real” exchange rate, of the currency. Always remember that banks will not give you the real exchange rate when you exchange money with them, but instead charge you a markup on the rate, which varies from bank to bank.
Online money transfer services often offer far better exchange rates than the banks does, and some even let you exchange money at the mid-market rate for a small fixed fee. You can compare many of these online services here on Finder.com to find the one best suited for your need.
If you are planning a trip to Nepal, bringing an international credit card with you and withdrawing Nepalese rupees once in Nepal may be a good option. Foreign exchange transaction fees vary by credit card though, so make sure to check with your credit card issuer first.
US Dollar
The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
| Currency: | US dollar |
| Currency Symbol: | $ |
| Sub unit: | cents |
| Bank notes: | $1, $5, $10, $20, $50, $100 |
| Coins: | 1c, 5c, 10c, 25c, 50c |
Nepalese Rupee
The rupee is the official currency of Nepal, a country at the foot of the Himalayan Mountains. Agriculture and tourism are the main sources of economic growth, though Nepal still relies on foreign aid for support and development.
| Currency: | Nepalese rupee |
| Currency Symbol: | रू |
| Sub unit: | paisa |
| Bank notes: | Rs. रू5, रू10, रू20, रू50, रू100, रू500, रू1000 |
| Coins: | Rs.रू1, रू2 |
What affects exchange rates between the US dollar and the Nepalese rupee?
The Nepalese rupee is currently pegged to the Indian rupee at a rate of 1.60 to 1. Because of this peg, the exchange rate between the US dollar and the Nepalese rupee follows that of the US dollar and the Indian rupee.
Because the Indian rupee officially is a free-floating currency, exchange rates between Indian rupee (or Nepalese rupee) and the US dollar is subject to the supply and demand for both currencies. For example, higher interest rates in one of the countries often lead to higher exchange rates for that currency because more investors will want to invest money in the country with the higher interest rate.
There are currently no signs that the peg between the Nepalese rupee and the Indian rupee is ending. However, if you are looking to make a big investment in Nepal you should look into this more carefully and consult local experts before exchanging your money. For the time being, the Indian economy remains the key factor in determining the exchange rate between US dollar and Nepalese rupee.
Send money from USD to NPR
How does the Nepalese rupee trade against the US dollar historically?
The Nepalese rupee replaced the old Nepalese mohar in 1932. Between 1932 and 1994, the Nepalese rupee was pegged to the Indian rupee at a rate of 1.45 Nepalese rupee to 1 Indian rupee. In 1994, the current peg was introduced with a rate of 1.60 Nepalese rupee to 1 Indian rupee.
The Indian rupee has in turn been pegged to both the British pound and the US dollar over the years, and the peg rate has been revalued many times. Today, the Indian rupee is officially a free-floating currency. However, the Reserve Bank of India is known to intervene in the foreign currency markets to keep the exchange rate within a certain undisclosed range.
Since 2013, the exchange rate between the US dollar and the Nepalese rupee has remained between 80 and 110 Nepalese rupees for 1 US dollar.
US dollar to the Nepalese rupee for the last 10 days
| Jul 09 | Jul 10 | Jul 11 | Jul 12 | Jul 13 | Jul 14 | Jul 15 | Jul 16 | Jul 17 | Jul 18 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 109.6805 Inverse: 0.0091 | 109.7071 Inverse: 0.0091 | 109.3206 Inverse: 0.0091 | 109.5276 Inverse: 0.0091 | 109.5276 Inverse: 0.0091 | 109.5276 Inverse: 0.0091 | 109.6197 Inverse: 0.0091 | 109.7237 Inverse: 0.0091 | 109.7957 Inverse: 0.0091 | 109.9864 Inverse: 0.0091 |
US dollar to the Nepalese rupee for the last 10 months
| Sep 2018 | Oct 2018 | Nov 2018 | Dec 2018 | Jan 2019 | Feb 2019 | Mar 2019 | Apr 2019 | May 2019 | Jun 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 115.9204 Inverse: 0.0086 | 117.6663 Inverse: 0.0085 | 114.1101 Inverse: 0.0088 | 112.6098 Inverse: 0.0089 | 113.6513 Inverse: 0.0088 | 114.2060 Inverse: 0.0088 | 110.2099 Inverse: 0.0091 | 111.3992 Inverse: 0.0090 | 112.0406 Inverse: 0.0089 | 111.0208 Inverse: 0.0090 |
US dollar to the Nepalese rupee for the last 10 years
| Jul 2009 | Jul 2010 | Jul 2011 | Jul 2012 | Jul 2013 | Jul 2014 | Jul 2015 | Jul 2016 | Jul 2017 | Jul 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 73.6746 Inverse: 0.0136 | 71.9877 Inverse: 0.0139 | 71.3325 Inverse: 0.0140 | 88.4237 Inverse: 0.0113 | 95.1676 Inverse: 0.0105 | 96.3891 Inverse: 0.0104 | 101.6429 Inverse: 0.0098 | 107.1671 Inverse: 0.0093 | 102.6332 Inverse: 0.0097 | 109.7715 Inverse: 0.0091 |
Market rate for common transfer amounts USD to NPR
| US Dollars (USD) | Nepalese Rupee (NPR) |
|---|---|
| $1 | 0 |
| $100 | 0 |
| $500 | 0 |
| $1000 | 0 |
| $1500 | 0 |
| $2500 | 0 |
| $5000 | 0 |
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