The Best Places for Money Exchange Once You Land in Nepal

In this blog, we’ll guide you through the best places to exchange money once you land in Nepal, ensuring you get the most out of your travel budget.  

Tribhuvan International Airport (TIA) – Kathmandu

The most convenient place to exchange money is right after you land at Tribhuvan International Airport in Kathmandu. The airport has several currency exchange counters operated by banks and private agencies.  

Pros:

• Convenience: You can exchange money as soon as you arrive.  
• Availability: Counters are open during flight hours, so you’ll find one even if you land late at night.  
• Safety: Exchanging money at the airport is generally safe and reliable.  

Cons:  

• Rates: The exchange rates at the airport are often less favorable compared to city-based exchanges.  

Tip: Exchange a small amount at the airport to cover immediate expenses like transportation and meals, and then look for better rates in the city.  

Banks in Kathmandu and Other Cities

Banks are one of the most reliable places to exchange money in Nepal. Some of the popular banks include: Nabil Bank, Himalayan Bank, Standard Chartered Bank and others

Pros:

• Trustworthy: Banks are regulated and offer secure transactions.  
• Competitive Rates: They usually offer better rates than airport counters.  
• Additional Services: You can also use banks for other financial needs, such as withdrawing cash from ATMs.  

Cons:

• Limited Hours: Banks are typically open from 9:00 AM to 5:00 PM on weekdays. They are closed on Saturdays and public holidays.  
• Documentation: Some banks may require your passport and a copy of your visa for currency exchange.  

Tip: If you’re staying in Nepal for an extended period, consider opening a local bank account for easier transactions.  

Authorized Money Exchange Counters

Authorized money exchange counters are widely available in tourist hubs like Thamel (Kathmandu), Pokhara, and Chitwan. These counters are licensed by the Nepal Rastra Bank and offer competitive rates.  

Pros:  

• Better Rates: They often provide better rates than banks and airport counters.  
• Convenience: Many are located in tourist areas, making them easy to find.  
• Quick Service: Transactions are usually faster than at banks.  

Cons:

• Scams: Be cautious of unauthorized counters that may offer attractive rates but could be fraudulent.  
• Hidden Fees: Some counters may charge a commission or service fee, so always ask beforehand.  

Tip: Stick to well-known counters in Thamel. Always count your money before leaving the counter.  

Hotels and Guesthouses

Many hotels and guesthouses in Nepal offer currency exchange services for their guests.  

Pros:

• Convenience: You can exchange money without leaving your accommodation.  
• Safety: Reputable hotels are generally trustworthy.  

Cons:

• Rates: Hotels often offer less favorable rates compared to banks or authorized counters.  
• Limited Amounts: They may have a limit on how much you can exchange.  

Tip: Use hotel exchange services only for small amounts or in emergencies.  

ATMs

ATMs are widely available in major cities like Kathmandu, Pokhara, and Bhaktapur. Most ATMs accept international debit and credit cards (Visa, MasterCard, etc.).  

Pros:

• Convenience: ATMs are available 24/7.  
• Competitive Rates: The exchange rate is usually based on the interbank rate, which is favorable.  

Cons:

• Fees: Your bank and the local ATM may charge withdrawal fees.  
• Limits: There’s often a daily withdrawal limit (around NPR 35,000 per transaction).  
• Reliability: No ATMs in remote areas or trekking routes

Tip: Inform your bank about your travel plans to avoid card blocks. Carry a backup card in case one doesn’t work.  

Local Markets and Shops

In some cases, local shops and vendors may accept USD or other major currencies and provide change in NPR.  

Pros:

• Convenience: You can exchange money while shopping.  

Cons:

• Rates: The rates offered by shops are often less favorable.  
• Risk: There’s a higher chance of receiving counterfeit notes or incorrect change.  

Tip: Only use this option for small amounts and in trusted establishments.  

Currency Exchange Tips for Travelers in Nepal

• Carry USD or EUR: These currencies are widely accepted and offer better exchange rates.  
• Avoid Exchanging at Airports for Large Amounts: Use airport counters only for small, immediate needs.  
• Check Rates Online:  Websites like XE.com provide real-time exchange rates to help you compare.  
• Keep Small Denominations: Smaller notes (NPR 10, 20, 50, 100) are useful for daily expenses and tipping.  
• Beware of Counterfeit Notes: Always check the notes you receive, especially in busy markets.  
• Carry Cash in Remote Areas: Credit cards and ATMs are scarce in rural areas, so plan accordingly.

Also Read: Currency of Nepal 

Final Thoughts

Exchanging money in Nepal is straightforward if you know where to go. For the best rates and reliability, stick to authorized money exchange counters or banks in major cities. Always carry some cash, as digital payments are not widely accepted outside urban areas.  

By following these tips, you’ll ensure a hassle-free start to your Nepalese adventure, leaving you free to focus on exploring the breathtaking landscapes, rich culture, and warm hospitality of this incredible country.  

Happy travels!