Tick Tock, Tick Tock

Exchange Rate for 15 December, 2011

Exchange Rates Fixed by Nepal Rastra Bank Currency Unit Buying/Rs. Selling/Rs. Indian Rupee 100 160 160.15

Open Market Exchange Rates (For the purpose of Nepal Rastra Bank) Currency Unit Buying/Rs. Selling/Rs. U.S. dollar 1 85.51 86.11 European euro 1 111.57 112.36 UK pound sterling 1 132.69 133.62 Swiss franc 1 90.47 91.11 Australian dollar 1 85.69 86.30 Canadian dollar 1 82.65 83.23 Singapore dollar 1 65.51 65.97 Japanese yen 10 10.97 11.05 Chinese renminbi (Yuan) 1 13.42 13.52

 It should go upto 100.

jati mathi gayo uti ramro!!:p

lol, murkha haru, inflation nabujheka haru.. makkha chan.. :D 

kantipur patrika Rs. 4 bata Rs. 10 pugi sakyo,
golbheda Rs. 15 bata Rs 90-Rs100 pugi sakyo,
one US dollar barabaar Rs 84 hos ko Rs 100, kura ustai ustai huna aaucha..

"Jati mathi gayo uti ramro" ? Mitra Inflation bhanne kura ek choti kitab paltayera hera
Most of the goods are imported from other countries. Our currency is becoming less valued compared to dollar. That means we have nepalese has be pay more and more for everything. This is very sad news for Nepal indeed!!

Is should go down cause I know people who have a lot of money in Nepali bank

damn!!! jaatha haru timi haru laii matra inflation thaha cha ra!! haami chahi ke jumla bata jhareko jasto lagyo kii k ho ???
hasayo solta haru le!! timi haru naii khatara manche haru!! haami ta gawar!!! by the way tapai mahan manche haru ko lecture nii sunum nii inflation ma!!!

inflation simply means money lose it's power. that means you've to pay more for the same thing. in other words, commodities seem expensive. and when we see it in currency market, we see the devaluation of currency..
yeti.. ek dum simple bhasa ma bhannu parda...

dollar is standard currency today, and if US $1  was worth Rs 76 before, meaning .. our currency is 76th times lower than dollars. If it rises to Rs 100, that means, our Nepalese currency is 100th times inferior than 1 US dollars. ek dum simple bhasa ma bhannu parda...

so, say one day, if US $1 = NRs 10 or below, imagine, we must have been extremely developed by then, meaning our currency gets more value and so forth.., ek dum simple bhasa ma bhannu parda...

okay, now some of you may come on me against US dollar saying ' who the hell care about dollars, ' , or ' dollar is history , it's gone.. , economy collapsed.. ' blah blah blah..

stfu,slap yourself, and wake up.. dollar still is world currency, get that.
we'll see in future, whatever happens and this post if being read by you in 2020, consider it's the time context material. may be dollar is no more in your time. or may be yes ..
Now don't laugh :D 

@ alece  I am from Jumla and I understand inflation very well. If you disrespect Jumla next time,  I'm going to have you f**ked by the horniest horse that my grandfather has in his stable back in Sinja Valley.

 Nepali currency is tied to the Indian Rupee..The increase in dollar rate is due to the decrease in the value of Indian currency. Inflation has nothing to do with it

well said bittertruth!!! thank you for enlightening me!!! :p LMFAO!!!! and [Disallowed String for - use of word not allowed]jagate!!! that was a metaphor!!! if u thought i disrespected you!! I DONT GIVE A [Disallowed String for - bad word]!!!

 mangale to alece= likes you reply....
alece seems to be a smart aarse, if you know what i mean

bittertruth!! aba taylor rule ko barema nii lecture sunum na!!! inflation balla bujhe maile!!
aniii nayapidi i dont know what u rly talking abt >?

[Disallowed String for - use of word not allowed]jagate le chahi sahi kura garyo hain. Inflation is different thing but recently dollar's value is getting stronger against nrscoz indianRS is unstable.

Kasai kasai ko ta name nai not allwed re lol

Mr, bittertruth seems like you know nothing. here is whats going on:
Inflation has nothing to do with current situation. Beacuse of euro crisis investor are selling everything and buyng dollar. so the dollar is trading on 80.57 which is 1 year high. That sent euro to 1.29 which is below technical level 1.30. when dollar goes up all the comodities comes down. We have already seen this week gold has come down 200 dollar and wheat, coffee, cotton, and other comodities are plummting. Because of huge safe investment going in dollar  rest of the currency are devaluating  so the ruppee. This can continue even further if european doesn't come with clear solution to their debt mess.
write me more if you want to know about investment and how the currency and the market trades.

@shriprakash, I don't know you, you don't know me. So, first of all, there is no reason that you be sure of my intellect. As I wrote before, It was written in layman's term. The language used was in no standard to any economy books. But mind you, I'd already been repeating this phrase every para "ek dum simple bhasa ma bhannu parda..." just to avoid blatant comments like yours.

your comment is just appropriate as an answer only to my first sentence , "Why does money(in this case euro) lose it's value?"..
and besides, it seems you only tend to have book knowledge, the real solution to euro crisis is proposed to be the inflation, short term one. You wrote investors are scared of failing euros and buying dollars as safe haven, well, it happened many times before as well. But they survived. They will at this time as well either by buying bonds, inflation or bailout.. whatever way, they'll sustain. Don't you remember, just a month or two ago, how american dollar was seen and how at last minute it was rescued?? 
So, you saying ' inflation has nothing to do with currency crisis" is ignorant. You can flip the pages of your economy book and come tell me. I work in the field and will try to shut your adamant attitude with my experience.

good things about rising dolllar:

remittance will be higher if the incoming money is in dollar
products made locally will be bought more which could spur growth locally since the imports will be expensive.
brings more businesses because of cheaper products
more export on locally made products

bad things about rising dollar:
imports such as electronics will be higher since they are mostly imported
travel to the US will be expensive.
anybody sending money to the US will have to pay more.


these are all i can think. add more at your convenience.

@bitter truth: You said: "if US $1 = NRs 10 or below, imagine, we must have been extremely developed by then"

Does that mean Japan is as poor as Nepal?