Currency and Exchange rate

The local currency in Nepal is the Nepalese Rupee (NPR). The Nepalese Rupee is available in denominations of 1, 2, 5, 10, 20, 50, 100, 500, and 1000 rupees. While US dollars are widely accepted in major tourist areas, it’s always best to carry Nepalese currency for smaller purchases and transactions.

The exchange rate for USD to NPR fluctuates daily but as of May 2023, 1 USD is equivalent to approximately 130 NPR. It’s essential to note that exchange rates may vary depending on where you exchange your currency.

There are several places where you can exchange currency in Nepal, including banks, exchange counters, and authorized money changers. Banks generally offer the best exchange rates, but they may charge higher fees than exchange counters or money changers. It’s always a good idea to compare exchange rates and fees before exchanging currency.

Credit cards are accepted in some places, but it’s always best to carry cash as credit card acceptance is not as widespread as in some other countries. ATMs are also available in major cities, but they may charge fees for withdrawals, so it’s important to check with your bank before using an ATM in Nepal.

It’s worth noting that the Nepalese government has placed restrictions on the amount of Indian currency that can be brought into the country. If you plan to travel to Nepal from India, it’s important to check the current restrictions before your trip.

In summary, the local currency in Nepal is the Nepalese Rupee, and the exchange rate for USD to NPR fluctuates daily. It’s essential to carry Nepalese currency for smaller purchases and transactions, and there are several places where you can exchange currency in Nepal. Credit cards are accepted in some places, but it’s best to carry cash. If you plan to travel to Nepal from India, be sure to check the current restrictions on the amount of Indian currency that can be brought into the country.

Here is the Rate of major top 10 Countries currency rate in to Nepali Rupee(NPR)

1. US Dollar (USD) – 130.32 NPR
2. Euro (EUR) – 152.57 NPR
3. British Pound (GBP) – 177.30 NPR
4. Australian Dollar (AUD) – 95.16 NPR
5. Canadian Dollar (CAD) – 104.18 NPR
6. Swiss Franc (CHF) – 141.33 NPR
7. Japanese Yen (JPY) – 1.19 NPR
8. Chinese Yuan (CNY) – 20.14 NPR
9. Indian Rupee (INR) – 1.74 NPR
10. South Korean Won (KRW) – 0.11 NPR