Trading in Bangladesh’s foreign exchange market continued on Monday, marking the second working day of the week, with the US dollar experiencing a slight decline in value.
After a brief period of consecutive gains, the dollar had fallen last week, only to resume an upward trend from Wednesday onwards. Yesterday, the currency remained largely unchanged, but today’s trading reflects a marginal decrease.
According to Bangladesh Bank, the highest recorded rate of the dollar today stood at 122.30 BDT, with the lowest at 122.28 BDT. The average rate was reported as 122.28 BDT. Historical data indicate that the US dollar has fluctuated notably between July and December, reflecting a combination of global market conditions and domestic economic factors.
In addition to the US dollar, most major international currencies depreciated in value today. The euro, British pound, Indian rupee, Australian dollar, and Singapore dollar all saw minor declines. Meanwhile, the Chinese yuan and Japanese yen remained steady, with no currencies registering an increase during today’s trading session.
The disparity between open market rates and those published by the central bank continues to persist, with open market prices slightly higher. These movements in foreign exchange rates have a direct impact on domestic business costs, influencing import and export pricing, as well as consumer goods prices.
The following table summarises today’s key currency rates against the Bangladeshi Taka (BDT):
| Currency | Highest Rate (BDT) | Lowest Rate (BDT) | Average Rate (BDT) | Movement Today |
|---|---|---|---|---|
| US Dollar (USD) | 122.30 | 122.28 | 122.28 | ▼ Slight fall |
| Euro (EUR) | — | — | — | ▼ Decline |
| British Pound (GBP) | — | — | — | ▼ Decline |
| Indian Rupee (INR) | — | — | — | ▼ Decline |
| Australian Dollar (AUD) | — | — | — | ▼ Decline |
| Singapore Dollar (SGD) | — | — | — | ▼ Decline |
| Chinese Yuan (CNY) | — | — | — | — Unchanged |
| Japanese Yen (JPY) | — | — | — | — Unchanged |
Analysts note that even small daily fluctuations in the foreign exchange market can ripple through the economy, affecting import-dependent industries and consumer prices. Businesses and traders continue to monitor trends closely, anticipating further volatility in the coming weeks.
Glive24/SS