Nepal continues to see growth in remittance year after year and it constitutes a considerable part of nation’s GDP. In year 2015, post earthquake, there had been tremendous inflow of remittances to support families in the time of disaster. Nepal received $6.6 billion in 2015.
Nepalese working in gulf countries and south asia, send their hard-earned money to support their families back home. They look for cost-effective ways to send money to Nepal safely. Exchange Rate IQ can help such Nepalese migrants find a remittance service provider with best exchange rate, lowest remittance fee and minimum transfer time. You can get an estimated amount of Nepalese Rupee (NPR) for the amount being transferred to Nepal.
Exchange rate IQ is a unified platform for all remittance related information. It lists all options to transfer money to Nepal and lets you compare them side-by-side. It brings in much needed transparency in the remittance market to let you choose the cheapest opti
Current Exchange Rate(Mid Market) :- 111.8814 NPR/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.