What is the exchange rate in simple words?
How is the exchange rate determined?
It can be determined by a fixed or pegged rate which is determined by the government through its central bank (Nepal Rashtra Bank). The rate is set against another major currency such as the U.S. dollar, euro, etc. The government will buy and sell its own currency against the currency to which it is pegged to maintain its rate of exchange.
How to check the exchange rate of Nepal?
1) Open browser in your device
2) Go to Nepal Rastra Bank site
3) Then on the right side, you will see Foreign Exchange Rates
4) Click on the More option
5) You will be redirected to the exchange rate page
6) All the rates are available and you can also select the preferred date.
Rates for 14th September:
|UK Pound Sterling||1||150.17||150.94|
|Saudi Arabian Riyal||1||31.29||31.45|
|South Korean Won||100||9.88||9.93|
|Hong Kong Dollar||1||15.14||15.22|
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