Foreign exchange rates play a pivotal role in sustaining the steady flow of Bangladesh’s external trade, remittance inflows, and international financial transactions. As the country continues to expand its commercial ties with global partners, and with millions of Bangladeshi expatriates contributing through remittances, the stability of the foreign exchange market has become increasingly significant. Consequently, daily currency rates are closely monitored by importers, exporters, financial institutions, and the general public alike.
According to the latest data released by Bangladesh Bank, the foreign exchange market has set updated buying and selling rates for several major international currencies. As of Thursday, the US dollar has been fixed at 122.70 Bangladeshi Taka for both buying and selling. The Euro is priced at 144.72 Taka for buying and 144.74 Taka for selling. Meanwhile, the British Pound remains comparatively higher, reflecting its continued strength in global markets and its potential impact on import-related expenditures in Bangladesh.
Economists note that exchange rate movements are influenced by a combination of global economic conditions, fluctuations in interest rates across major economies, volatility in the international energy market, and shifts in demand and supply of foreign currencies. A rise in remittance inflows typically increases the availability of foreign currency in the domestic market, which can help stabilise exchange rate pressures to some extent.
The updated exchange rates are presented below:
| Currency | Buying (BDT) | Selling (BDT) |
|---|---|---|
| US Dollar | 122.70 | 122.70 |
| British Pound | 166.43 | 166.50 |
| Euro | 144.72 | 144.74 |
| Japanese Yen | 0.77 | 0.767 |
| Australian Dollar | 87.39 | 87.43 |
| Singapore Dollar | 96.46 | 96.52 |
| Canadian Dollar | 89.13 | 89.17 |
| Indian Rupee | 1.31 | 1.31 |
| Saudi Riyal | 32.79 | 32.79 |
Remittance inflows from Bangladeshis working abroad continue to serve as a cornerstone of the national economy. Workers based in the Middle East, Europe, and North America contribute significantly to strengthening the country’s foreign exchange reserves. As a result, not only the US dollar but also currencies such as the Saudi Riyal and other Gulf-based currencies exert a direct influence on the local exchange market.
On the other hand, rising import costs tend to increase pressure on the US dollar, which can subsequently affect domestic pricing of essential goods and services. This makes continuous monitoring of exchange rate trends essential for businesses, policymakers, and financial analysts.
Overall, the latest foreign exchange updates reflect Bangladesh’s ongoing integration with the global economy and highlight the importance of currency stability in supporting sustainable economic growth and international trade performance.