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US Dollar to Nepalese Rupee Exchange Rate

Refreshing in: 60s | Thu, Feb 27, 12:17PM GMT

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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:
+c, 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

	Feb 17	Feb 18	Feb 19	Feb 20	Feb 21	Feb 22	Feb 23	Feb 24	Feb 25	Feb 26
1 USD =	113.9507 Inverse: 0.0088	114.5595 Inverse: 0.0087	114.2169 Inverse: 0.0088	114.5319 Inverse: 0.0087	114.5462 Inverse: 0.0087	114.5462 Inverse: 0.0087	115.2493 Inverse: 0.0087	114.8307 Inverse: 0.0087	114.9381 Inverse: 0.0087	114.5853 Inverse: 0.0087

US dollar to the Nepalese rupee for the last 10 months

	Apr 2019	May 2019	Jun 2019	Jul 2019	Aug 2019	Sep 2019	Oct 2019	Nov 2019	Dec 2019	Jan 2020
1 USD =	111.7060 Inverse: 0.0090	111.8635 Inverse: 0.0089	110.6553 Inverse: 0.0090	110.1951 Inverse: 0.0091	114.4750 Inverse: 0.0087	113.3373 Inverse: 0.0088	113.4992 Inverse: 0.0088	114.7403 Inverse: 0.0087	113.9702 Inverse: 0.0088	114.0904 Inverse: 0.0088

US dollar to the Nepalese rupee for the last 10 years

	Feb 2010	Feb 2011	Feb 2012	Feb 2013	Feb 2014	Feb 2015	Feb 2016	Feb 2017	Feb 2018	Feb 2019
1 USD =	71.7655 Inverse: 0.0139	71.1823 Inverse: 0.0140	78.7050 Inverse: 0.0127	86.8108 Inverse: 0.0115	99.1316 Inverse: 0.0101	99.3182 Inverse: 0.0101	109.9137 Inverse: 0.0091	106.6193 Inverse: 0.0094	103.7015 Inverse: 0.0096	113.7245 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

Exchange rates from USD to other currencies

View all USD currency pair exchange rates

Adrienne Fuller

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.

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