Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
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.
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|Bank notes:||Rs. रू5, रू10, रू20, रू50, रू100, रू500, रू1000|
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.
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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
|Oct 06||Oct 07||Oct 08||Oct 09||Oct 10||Oct 11||Oct 12||Oct 13||Oct 14||Oct 15|
|1 USD =||113.3888 Inverse: 0.0088||113.5157 Inverse: 0.0088||113.8138 Inverse: 0.0088||113.6546 Inverse: 0.0088||113.7145 Inverse: 0.0088||113.6599 Inverse: 0.0088||113.6599 Inverse: 0.0088||113.6982 Inverse: 0.0088||113.9277 Inverse: 0.0088||114.5099 Inverse: 0.0087|
US dollar to the Nepalese rupee for the last 10 months
|Dec 2018||Jan 2019||Feb 2019||Mar 2019||Apr 2019||May 2019||Jun 2019||Jul 2019||Aug 2019||Sep 2019|
|1 USD =||115.0803 Inverse: 0.0087||113.7050 Inverse: 0.0088||113.6490 Inverse: 0.0088||109.7213 Inverse: 0.0091||111.3182 Inverse: 0.0090||112.2887 Inverse: 0.0089||111.5846 Inverse: 0.0090||110.0549 Inverse: 0.0091||114.4638 Inverse: 0.0087||113.3795 Inverse: 0.0088|
US dollar to the Nepalese rupee for the last 10 years
|Oct 2009||Oct 2010||Oct 2011||Oct 2012||Oct 2013||Oct 2014||Oct 2015||Oct 2016||Oct 2017||Oct 2018|
|1 USD =||71.6842 Inverse: 0.0140||69.9829 Inverse: 0.0143||77.1066 Inverse: 0.0130||84.3346 Inverse: 0.0119||98.4185 Inverse: 0.0102||98.3211 Inverse: 0.0102||104.0071 Inverse: 0.0096||106.8676 Inverse: 0.0094||103.9050 Inverse: 0.0096||118.3907 Inverse: 0.0084|
Market rate for common transfer amounts USD to NPR
|US Dollars (USD)||Nepalese Rupee (NPR)|
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