Foreign exchange rate movement up to Feb 12, 2021 Source: Nepal Rastra Bank
Foreign exchange rate movement up to Feb 12, 2021. Source: Nepal Rastra Bank

The rupee appreciated against USD and Yuan whilst it depreciated against other major currencies compared to previous week. Pound Sterling reached all time high this week.

Nepalese Rupees (NPR) is pegged with Indian Rupees (INR) at fixed rate of 1.6 (1 INR = 1.6 NPR). Therefore, any movement of INR against other currencies changes NPR in the same direction.

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