The following exchange rates are fixed by Nepal Rastra Bank. These exchange rates are also published in English dailies like The Rising Nepal and The Kathmandu Post. However, it is to be noted that under the present system, the open market exchange rates quoted by different banks may differ. Nepalese Rupees are found in denominations of 1000, 500, 100, 50, 20, 10, 5, 2 and 1. Coins are found in denominations of 25, 50 & 100 paisa. One rupee equals 100 paisa.
Note: Indian rupees are excepted and freely convertible in Nepal. Do not worry about exchanging your Indian currency when traveling north India to Nepal.