In Nepal, the official currency is the Nepalese Rupee (NPR), which is
subdivided into 100 paisa. The currency is issued by the Nepal Rastra
Bank and comes in various denominations, including notes of NPR 1, 2, 5,
10, 20, 50, 100, 500, and 1000, as well as coins of NPR 1, 2, 5, and 10,
along with smaller paisa coins
Currency Exchange Rates
The exchange rate for NPR fluctuates daily based on market conditions.
As of recent reports, the exchange rates are approximately:
Where to Exchange Money
- Banks: Major banks like Everest Bank, Standard
Chartered Bank, and Nepal SBI Bank provide currency exchange services.
However, banks may have longer wait times and require paperwork.
- Authorized Forex Dealers: These offer competitive
rates and are widely available in tourist areas like Thamel in
Kathmandu and Lakeside in Pokhara.
- Tribhuvan International Airport: While convenient,
airport exchange services typically offer lower rates, so it's best to
exchange only a small amount upon arrival for immediate expenses.
- Hotels: Some hotels provide currency exchange, but
rates may not be as favorable as those from banks or forex dealers.
Top-rated money exchanges in Kathmandu
TRIDEV MONEY EXCHANGE
Chaksibari Marg - ⭐︎ 4.3
Open: 7:00 AM - 10:00 PM (7 days a week)
View on Map Annapurna Money Exchange
Thamel Marg - ⭐︎ 4.5
Open: 9:00 AM - 9:00 PM (7 days a week)
View on Map A One Money Changer
सात घुम्ती मार्ग - ⭐︎ 4.7
Open: 6:00 AM - 10:00 PM (7 days a week)
View on Map
World Vision Money Exchange P Ltd.
Jyatha Marg - ⭐︎ 4.6
Open: 9:00 AM - 6:00 PM (Monday to Friday & Sunday)
View on Map Thamel Money Exchange
Amrit Marg - ⭐︎ 5
View on Map Tips for Currency Exchange
- Avoid Airport Exchanges: Exchange only small amounts
at the airport to cover immediate expenses, as rates are generally
lower.
- Keep Receipts: Always retain your currency exchange
receipts, as they may be needed for legal purposes or if you wish to
exchange leftover NPR before leaving Nepal.
- Use Cash for Smaller Transactions: While credit and
debit cards are accepted in larger establishments, cash is necessary
for local markets and smaller transactions, especially in remote areas
where ATMs may not be available.
- Be Cautious of Black Market Rates: Although black
market rates may seem attractive, they come with legal risks. Stick to
authorized dealers for safer transactions.
- Plan Ahead: If traveling to remote areas, ensure you
have sufficient cash in NPR, as access to ATMs and currency exchange
services can be limited.
