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.
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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
| May 12 | May 13 | May 14 | May 15 | May 16 | May 17 | May 18 | May 19 | May 20 | May 21 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 111.7543 Inverse: 0.0089 | 112.7640 Inverse: 0.0089 | 112.6047 Inverse: 0.0089 | 112.5601 Inverse: 0.0089 | 112.0999 Inverse: 0.0089 | 112.2887 Inverse: 0.0089 | 112.2887 Inverse: 0.0089 | 112.2887 Inverse: 0.0089 | 111.5700 Inverse: 0.0090 | 111.5959 Inverse: 0.0090 |
US dollar to the Nepalese rupee for the last 10 months
| Jul 2018 | Aug 2018 | Sep 2018 | Oct 2018 | Nov 2018 | Dec 2018 | Jan 2019 | Feb 2019 | Mar 2019 | Apr 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 109.5004 Inverse: 0.0091 | 111.7457 Inverse: 0.0089 | 115.2765 Inverse: 0.0087 | 117.5294 Inverse: 0.0085 | 114.2250 Inverse: 0.0088 | 112.1513 Inverse: 0.0089 | 114.1054 Inverse: 0.0088 | 113.7245 Inverse: 0.0088 | 110.1707 Inverse: 0.0091 | 112.0944 Inverse: 0.0089 |
US dollar to the Nepalese rupee for the last 10 years
| May 2009 | May 2010 | May 2011 | May 2012 | May 2013 | May 2014 | May 2015 | May 2016 | May 2017 | May 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 72.5870 Inverse: 0.0138 | 72.4777 Inverse: 0.0138 | 72.0048 Inverse: 0.0139 | 87.5825 Inverse: 0.0114 | 87.8807 Inverse: 0.0114 | 94.5040 Inverse: 0.0106 | 102.3525 Inverse: 0.0098 | 107.3390 Inverse: 0.0093 | 103.3912 Inverse: 0.0097 | 108.7271 Inverse: 0.0092 |
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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