On 8 May, the exchange rates of various foreign currencies against the Bangladeshi Taka reflect ongoing shifts in the global foreign exchange market, influenced by international trade flows, remittance trends, inflationary pressures, and monetary policies across major economies. For Bangladesh, where a significant number of citizens live and work abroad, monitoring daily currency fluctuations remains essential for remittance inflows, import payments, and broader commercial planning.
With over ten million Bangladeshi expatriates residing across the Middle East, Europe, North America, and Asia, remittance earnings continue to be one of the country’s key sources of foreign currency reserves. As a result, even minor changes in exchange rates can have a meaningful impact on household incomes and business costs.
Below is the updated exchange rate list of selected foreign currencies against the Bangladeshi Taka as recorded on Friday, 8 May.
Foreign Currency Exchange Rates (8 May)
| Currency | 1 Unit in Bangladeshi Taka (BDT) |
|---|---|
| Saudi Riyal | 32.77 |
| Malaysian Ringgit | 31.98 |
| Singapore Dollar | 96.86 |
| UAE Dirham | 33.47 |
| Kuwaiti Dinar | 399.60 |
| US Dollar | 122.85 |
| Brunei Dollar | 96.79 |
| South Korean Won | 0.08 |
| Japanese Yen | 0.77 |
| Omani Rial | 319.30 |
| Libyan Dinar | 19.37 |
| Qatari Riyal | 33.76 |
| Bahraini Dinar | 326.84 |
| Canadian Dollar | 89.86 |
| Chinese Renminbi | 18.05 |
| Euro | 144.14 |
| Australian Dollar | 88.62 |
| Maldivian Rufiyaa | 7.95 |
| Iraqi Dinar | 0.09 |
| South African Rand | 7.47 |
| British Pound | 166.64 |
| Turkish Lira | 2.71 |
| Indian Rupee | 1.30 |
Currency values are subject to continuous fluctuation due to global market dynamics, including central bank interventions, geopolitical developments, energy price shifts, and investor sentiment. For example, the strength of the US dollar continues to exert pressure on many emerging market currencies, while oil-exporting Gulf currencies remain relatively stable due to their dollar-pegged or semi-pegged systems.
Experts advise individuals and businesses involved in international transactions to stay updated with real-time exchange rate movements, as even small variations can significantly affect remittance value, import costs, and foreign travel expenses.
It is also important to note that the rates provided above may differ slightly between banks, exchange houses, and online remittance platforms due to service charges and market timing differences.