Nepalese Rupee

Nepalese Rupee

The Nepalese rupee (Nepali: रूपैयाँ, symbol: रू, Rs.; code: NPR) is the official currency of the Federal Democratic Republic of Nepal. The Nepalese rupee is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal Rastra Bank, the central bank of Nepal. The Nepalese rupee was introduced in 1932, when it replaced the Nepalese mohar at the rate 2:1. Prior to 1994, the Nepalese rupee (रू) was pegged to the Indian rupee (₹) at the rate रू1.45 = ₹1, however since then it has been pegged at the rate रू1.60 = ₹1 currently.

Japanese Yen

Japanese Yen

The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY; also abbreviated as JP¥) is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling. The concept of the yen was a component of the Meiji government's modernization program of Japan's economy; which postulated the pursuit of a uniform currency throughout the country modeled after the European decimal currency system. Before the Meiji Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply.Following World War II the yen lost much of its prewar value. To stabilize the Japanese economy the exchange rate of the yen was fixed at ¥360 per $1 as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per $1 in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per $1 by 1980. Since 1973, the Japanese government has maintained a policy of currency intervention, and the yen is therefore under a "dirty float" regime. This intervention continues to this day. The Japanese government focuses on a competitive export market, and tries to ensure a low yen value through a trade surplus. The Plaza Accord of 1985 temporarily changed this situation from its average of ¥239 per US$1 in 1985 to ¥128 in 1988 and led to a peak value of ¥80 against the U.S. dollar in 1995, effectively increasing the value of Japan’s GDP to almost that of the United States. Since that time, however, the yen has greatly decreased in value. The Bank of Japan maintains a policy of zero to near-zero interest rates and the Japanese government has an extreme anti-inflation policy.

1 Nepalese Rupee to Japanese Yen exchange rates chart

1 NPR to JPY exchange rates graph
1 NPR to JPY Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 NPR to JPY exchange rates table

Exchange NPR to JPY
1 Nepalese Rupee = 0.955 Japanese Yen
2 Nepalese Rupee = 1.911 Japanese Yen
5 Nepalese Rupee = 4.777 Japanese Yen
10 Nepalese Rupee = 9.553 Japanese Yen
Exchange Nepalese Rupee to Japanese Yen
1 Nepalese Rupee to Japanese Yen Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1 NPR to JPY exchange rates news

testNepal robots serving food at Kathmandu restaurant

Uniindia: Kathmandu, Aug 27 (UNI) In Nepal, there is a Kathmandu restaurant using robots as waiters to serve the food.

28 days indicative negative
USD up; Euro, Pound down

Uniindia: Mumbai, Dec 17 (UNI) Following were the indicative currency rates<br />and travellers'' cheques buying and selling rates per <br />unit.

about 1 month indicative neutral
Pound up, Euro, Yen, USD down

Uniindia: Mumbai, Nov 23 (UNI) Following were the indicative currency rates and travellers'' cheques buying and selling rates per unit.

about 1 month indicative neutral
Central bank allows foreign borrowing

The Nepal Rastra Bank (NRB) has allowed commercial banks to borrow funds equivalent to up to 25 percent of their core capital from foreign financial institutions.

about 1 month conditional negative
RBI To Give Rs 1 Billion In 100-Rupee Banknotes To Nepal To Ease Crisis

The NRB's plan to import INR 100 denomination notes was delayed due to the Indian government's move to demonetise INR 500 and INR 1,000 notes on November 8, , nepal, rupee, Demonetisation, reserve bank of india

about 2 months conditional positive
'Sayonara tax': Japan to charge international visitors depature fee

Leaving Japan will get a little more expensive for travellers starting this week.

12 days conditional negative
NZ dollar firms as trade talks, FOMC support global outlook - sharechat.co.nz

The New Zealand dollar rose as minutes from the Federal Reserve&rsquo;s last rate-setting meeting and the conclusion of US-China trade talks left investors more confident about the global growth outlook

13 days conditional positive

1 NPR to JPY currency converter