US Dollar to Nepalese Rupee Exchange Rate

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= रू 119.2659

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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.

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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 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27 Oct 28 Oct 29 Oct 30
1 USD = 117.9051 Inverse: 0.0085 117.9125 Inverse: 0.0085 117.8201 Inverse: 0.0085 117.8201 Inverse: 0.0085 117.8201 Inverse: 0.0085 118.3765 Inverse: 0.0084 117.8129 Inverse: 0.0085 118.3279 Inverse: 0.0085 119.2181 Inverse: 0.0084 119.2659 Inverse: 0.0084

US dollar to the Nepalese rupee for the last 10 months

Jan 01 Jan 31 Mar 01 Mar 31 Apr 30 May 30 Jun 29 Jul 29 Aug 28 Sep 27
1 USD = 114.8024 Inverse: 0.0087 114.0486 Inverse: 0.0088 115.5268 Inverse: 0.0087 120.8517 Inverse: 0.0083 121.0839 Inverse: 0.0083 120.8890 Inverse: 0.0083 120.8328 Inverse: 0.0083 119.6175 Inverse: 0.0084 117.9254 Inverse: 0.0085 117.9819 Inverse: 0.0085

US dollar to the Nepalese rupee for the last 10 years

Nov 2010 Nov 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 70.1397 Inverse: 0.0143 77.5482 Inverse: 0.0129 86.4045 Inverse: 0.0116 98.5111 Inverse: 0.0102 98.8669 Inverse: 0.0101 104.6446 Inverse: 0.0096 106.5757 Inverse: 0.0094 103.6494 Inverse: 0.0096 117.8298 Inverse: 0.0085 113.3597 Inverse: 0.0088

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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