Foreign exchange rate movement up to Jan 22, 2021 Source: Nepal Rastra Bank
Foreign exchange rate movement up to Jan 22, 2021. Source: Nepal Rastra Bank

The rupee appreciated against against USD, EURO and Yuan whilst it depreciated against Sterling and Yen compared to previous week. 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.

2 Comments »

Leave a Reply

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