The week began with a measured calm across Bangladesh’s currency market as the US dollar experienced a marginal decline on Monday, marking the second business day of trading. This comes after a period of noticeable volatility in recent weeks.
Following several consecutive sessions of appreciation, the dollar softened towards the end of last week before regaining upward momentum from Wednesday onwards. While it held steady on Sunday, today’s trading saw a gentle retreat in its value, reflecting a delicate balancing act shaped by both domestic conditions and global economic pressures.
According to official figures released by Bangladesh Bank, the highest trading rate for the US dollar today stood at 122.30 BDT, while the lowest recorded rate was 122.28 BDT. The average rate settled at 122.28 BDT, underscoring the narrow band within which the currency has been oscillating. Notably, this fluctuation is part of a broader pattern observed since July, when the dollar began demonstrating heightened sensitivity to global market cues and local demand for foreign exchange.
Currency Rates at a Glance
| Currency | Movement Today | Notes |
|---|---|---|
| US Dollar (USD) | Slight decline | Highest: 122.30 BDT / Lowest: 122.28 BDT |
| Euro (EUR) | Fell | Affected by broader global softness |
| British Pound (GBP) | Fell | Continues recent downward trend |
| Indian Rupee (INR) | Fell | Decline linked to regional trading pressures |
| Australian Dollar (AUD) | Fell | Impacted by reduced commodities momentum |
| Singapore Dollar (SGD) | Fell | Mirroring Asian market sentiment |
| Chinese Yuan (CNY) | Stable | No significant movement |
| Japanese Yen (JPY) | Stable | Remains resilient amid global uncertainty |
While the central bank’s published rates offer a structured reference, open-market trading continues to paint a slightly different picture. Dealers and traders on the ground are reporting marginally higher rates than those officially listed, a disparity that often widens during periods of heightened demand for foreign currency.
These ongoing fluctuations carry tangible implications for businesses, particularly importers and exporters whose operational costs hinge on exchange rate movements. Even small shifts in currency values can influence pricing strategies, shipment planning, and overall market stability. As stakeholders monitor the week ahead, all eyes remain on how global trends and domestic policy decisions will shape the taka’s position against the world’s major currencies.
JD