On Sunday, 28 December, Bangladesh’s leading banks published the exchange rates of various foreign currencies against the Bangladeshi Taka (BDT). Influenced by fluctuations in the international currency markets and a prevailing dollar shortage, the rates of major currencies such as the US Dollar, British Pound, and Euro have experienced notable increases. It is important to note, however, that rates may vary slightly across banks and financial institutions depending on their internal policies and transaction conditions.
The Bangladesh Bank and private financial institutions continue to monitor global market trends closely to maintain stability in foreign exchange operations. Observers suggest that the current rise in currency values is primarily driven by international demand-supply dynamics, geopolitical developments, and local liquidity challenges.
For ease of reference, the latest exchange rates against the Bangladeshi Taka are as follows:
| Currency | Code | Exchange Rate (BDT) |
|---|---|---|
| US Dollar | USD | 122.39 |
| British Pound | GBP | 165.16 |
| Euro | EUR | 144.09 |
| Saudi Riyal | SAR | 32.63 |
| UAE Dirham | AED | 33.32 |
| Qatari Riyal | QAR | 33.62 |
| Kuwaiti Dinar | KWD | 398.12 |
| Bahraini Dinar | BHD | 325.51 |
| Omani Rial | OMR | 317.89 |
| Malaysian Ringgit | MYR | 30.23 |
| Singapore Dollar | SGD | 95.32 |
| Brunei Dollar | BND | 95.32 |
| Chinese Renminbi | CNY | 17.46 |
| Japanese Yen | JPY | 0.79 |
| South Korean Won | KRW | 0.08 |
| Indian Rupee | INR | 1.36 |
| Maldivian Rufiyaa | MVR | 7.91 |
| Iraqi Dinar | IQD | 0.09 |
| Canadian Dollar | CAD | 89.48 |
| Australian Dollar | AUD | 82.17 |
| South African Rand | ZAR | 7.34 |
| Turkish Lira | TRY | 2.85 |
| Libyan Dinar | LYD | 22.59 |
Financial experts advise that these rates are indicative and may vary slightly depending on the bank or authorised money exchange. Customers are encouraged to confirm the latest rates with their bank or financial service provider prior to conducting any transactions to ensure accuracy and avoid discrepancies.
The present surge in foreign exchange rates underscores the sensitivity of the Bangladeshi currency to global market pressures, emphasising the need for careful monitoring and prudent financial planning by businesses and individuals alike.
