Foreign currency exchange can be as simple as changing one currency for another at a local bank or trading currency on the foreign exchange market.<\/p>\n
The foreign exchange market, also known as the \u2018Forex Market\u2019<\/strong>, is the world’s largest market by far with trillions of dollars changing hands daily, followed by the credit market. Surprisingly, there is no centralized, physical location for the market.<\/p>\n Instead, the forex market is an electronic network of large international banks, financial centers, brokers, and individual traders. The market determines the value of the exchange rate.<\/p>\n The most-traded currencies in the world are the US dollar, Japanese Yen, Euro, British Pound, and Australian Dollar<\/strong>.<\/p>\n The US dollar remains the dominant currency, being on one side of almost 88% of total daily value traded. Euro accounted for 32% of all the trades.<\/p>\n The Nepalese Rupee (NPR)<\/strong> is the official currency of Nepal. One rupee is subdivided into 100 paise. The issuance of Nepali currency is controlled by the Nepal Rastra Bank, the central bank of Nepal.<\/p>\n Coins come in 1, 2, 5, and 10 rupee denominations and paper currency in 1, 2, 5, 10, 20, 50, 100, 500, and 1000 denominations.<\/p>\n Forex services in Nepal are available for Indian Rupee, US dollar, euro, Australian dollar, Singapore dollar, UK pound sterling, Canadian dollar, Hong Kong dollar, Chinese renminbi (Yuan), Japanese yen, Saudi Arabian riyal, Malaysian ringgit, Thai baht, Swedish Krone, and Bahrain Dinar, among others.<\/p>\nWhat About Foreign Exchange in Nepal? Scroll down!<\/h2>\n
Nepalese Rupee (NPR)<\/h3>\n
![\"Nepal](\"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2018\/07\/nepal-money.jpg\" "\\"Nepal")
<\/p>\n
\nLive Foreign Exchange Rates in Nepal<\/h3>\n