Buying and selling rates
The buying rate is what a bank pays you in rupees when you sell it foreign currency, for example when you exchange dollars from abroad. The selling rate is what you pay in rupees to buy foreign currency, for example before travelling. The converter uses the buying rate when you change foreign money into rupees and the selling rate when you change rupees into foreign money.
Why some currencies are per 10 or 100 units
For currencies with a small value, such as the Indian rupee, Japanese yen and Korean won, Nepal Rastra Bank quotes the rate for 100 or 10 units so the numbers stay readable. The “Unit” column shows how many units each rate is for, and the converter takes care of it for you.
The Indian rupee peg
The Nepali rupee is pegged to the Indian rupee at about Rs 160 for 100 Indian rupees, so the INR rate barely changes. Other currencies move every day with the market.
Questions
Where do the rates come from?
From Nepal Rastra Bank, the central bank of Nepal, which publishes the official exchange rates every day.
Will my bank give me exactly this rate?
Usually close to it, but banks, remittance companies and money changers set their own rates and may add fees.
Can I see an older date?
Yes. Pick a date under “Another date” to see that day’s official rates.