TIA Currency Exchange Simplified: What You Need to Know Upon Arrival

Currency exchange at Tribhuvan International Airport (TIA) is available, but the rates may not be the best compared to those in the city. Here’s a breakdown of what you should know:

 

Foreign Exchange Rate

 

✔️ If you're buying foreign currency (such as USD), you'll want to look for the sell rate. This is the rate at which you can purchase foreign currency using Nepalese Rupees (NPR).

 

✔️ For foreign currency purchases (such as USD), the exchange rate is based on the real-time market rate, similar to how gold prices fluctuate. Rates at the airport tend to be slightly higher than in the city, but it’s convenient if you need quick cash.

 

Best Exchange Rates

 

✔️ While there’s no definitive answer to which bank offers the best rates, Himalayan Bank and Standard Chartered Bank (SCB) are known for having competitive rates.

 

✔️ If you need to exchange a large amount, it’s best to check the rates beforehand. You can call ahead to a bank's head office or a large branch to confirm if they can provide cash in your preferred foreign currency.

 

Exchange Fees

 

✔️ For cash exchange, there typically aren't any extra fees at banks, but they earn through the exchange rate margin.

✔️ For travel cards, some banks may charge extra fees.

✔️ It's important to bring your passport, visa, and a confirmed air ticket when exchanging cash, as these are usually required for the exchange process.

 

Airport Currency Exchange

 

✔️ There is a currency exchange desk inside the terminal past customs control on the left-hand side before you exit the building.

 

✔️ While the rates are generally slightly higher at the airport, it can be a good option for a small exchange if you need cash for immediate expenses like taxis or food.

 

✔️ If you need Nepalese Rupees (NPR), it’s best to exchange a little bit here for immediate use, but you can exchange more at a better rate in Thamel or elsewhere in Kathmandu.

 

Exchange in Thamel

 

✔️ Thamel is full of money exchangers and has more competitive rates than the airport, though they may not be open at night. You can exchange USD, CAD, or other currencies in these booths, and the process is usually straightforward.

 

✔️ For the best rates, Himalayan Bank in Thamel is highly recommended by many travelers. Banks generally offer more reliable and transparent exchange processes compared to independent money changers.

 

Late-Night Arrivals

 

If you arrive late at night, the exchange counters at the airport are available almost all night. Alternatively, ATMs are another option for obtaining cash, but be aware of potential ATM fees and exchange rate margins.

 

Additional Tips

 

If you only need a small amount of cash, it’s fine to exchange at the airport for convenience, but for larger amounts, it’s better to wait until you can get to Thamel or a bank during regular hours.

 

It’s also a good idea to carry a mix of cash and cards, as some businesses may not accept cards, especially in remote areas.

 

If you're traveling for trekking or a short stay in Kathmandu, always make sure you have enough NPR for immediate expenses, but take advantage of better exchange rates in the city for larger amounts.