The European Euro and British Pound Sterling strengthened against the Nepali Rupee on Wednesday, October 7, 2026, while the Swiss Franc saw a decline, according to exchange rates published by Nepal Rastra Bank, the central bank.
On Wednesday, the buying rate for one European Euro was set at Rs 173.17, with a selling rate of Rs 173.84. This marks an increase from Tuesday’s rates of Rs 172.32 for buying and Rs 172.99 for selling. Similarly, one British Pound Sterling was available for buying at Rs 203.95 and selling at Rs 204.75, up from Tuesday’s Rs 203.32 (buying) and Rs 204.11 (selling).
Conversely, the Swiss Franc weakened, with its buying rate dropping to Rs 185.24 on Wednesday from Rs 185.77 on Tuesday. The selling rate for one Swiss Franc on Wednesday was Rs 185.96; the selling rate for Tuesday was not explicitly available.
Other major currencies also saw their rates adjusted by Nepal Rastra Bank for Wednesday. The US Dollar was set at a buying rate of Rs 153.98 and a selling rate of Rs 154.58. One hundred Indian Rupees maintained a fixed buying rate of Rs 160.00 and a selling rate of Rs 160.15.
For other currencies, the buying and selling rates were:
- One Australian Dollar: Rs 107.32 (buying), Rs 107.74 (selling)
- One Canadian Dollar: Rs 107.91 (buying), Rs 108.33 (selling)
- Ten Japanese Yen: Rs 9.73 (buying), Rs 9.77 (selling)
- One Chinese Yuan: Rs 22.97 (buying), Rs 23.06 (selling)
- One Saudi Arabian Riyal: Rs 41.02 (buying), Rs 41.18 (selling)
- One Qatari Riyal: Rs 42.24 (buying), Rs 42.41 (selling)
- One United Arab Emirates Dirham: Rs 41.93 (buying), Rs 42.09 (selling)
Nepal’s Exchange Rate System
Nepal operates a dual exchange rate system, maintaining a fixed peg with the Indian Rupee at 100 Indian Rupees to 160 Nepali Rupees. For other convertible foreign currencies, the country adopts a flexible exchange rate system. This means that while the overall exchange rate environment is largely influenced by the Indian Rupee peg, the rates for other currencies fluctuate based on market demand and supply, inflation, interest rates, and global economic conditions. Nepal Rastra Bank regularly publishes these rates.
Recent Foreign Exchange Policy Changes
Nepal Rastra Bank has recently introduced several measures to ease foreign exchange facilities for various purposes. These changes aim to streamline international transactions and support Nepali citizens and businesses engaged in cross-border activities.
Key adjustments include:
- The annual foreign exchange facility for overseas medical treatment has been increased from $15,000 to $30,000.
- The limit for advance payments for importing aircraft engines and parts has been raised from $100,000 to $500,000.
- Telecommunication service providers can now make annual payments for satellite service rentals up to $500,000, an increase from the previous limit of $100,000.
- Nepali and foreign organisations and companies receiving various services from India can now make payments up to Rs 6 million (Indian Rupees) per transaction, up from Rs 4 million (Indian Rupees).
- A new provision allows for full advance payment for imports from China through the Tatopani, Rasuwagadhi, and Mustang customs points, even before customs clearance.
The specific reasons for the day’s fluctuations in Euro, Pound, and Swiss Franc rates, beyond general market dynamics, were not detailed by the central bank. Additionally, the exact selling rate for the Swiss Franc on Tuesday, October 6, 2026, remains unknown.
