Foreign exchange rate movement up to Dec 18, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to Dec 18, 2020. Source: Nepal Rastra Bank

The rupee appreciated against USD whilst it depreciated against all major currencies compared to previous week. Euro and Sterling reached record 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.

1 Comment »

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.