Dollar Trades at Tk123.34 as Major Currency Rates Listed

Foreign exchange rates remain a key financial indicator for Bangladesh, where remittances, international trade, imports and exports, overseas investment, education and travel all depend on movements in global currencies. For millions of Bangladeshis with family members working abroad, currency rates are also closely linked to the value of money sent home.

According to the exchange rates listed for Monday, 3 August, one US dollar is valued at Tk123.34 against the Bangladeshi taka. The euro is quoted at Tk145.03, while the British pound stands at Tk167.04. These three currencies are among the most widely used in international financial transactions, making their movements particularly relevant to businesses and individuals involved in cross-border payments.

The dollar rate is especially significant for Bangladesh because a large share of international trade and commodity transactions is conducted in US dollars. Changes in the dollar-taka exchange rate can influence the local cost of imported goods, raw materials, fuel and machinery, while also affecting exporters and businesses with foreign currency obligations.

Currencies from the Gulf region are also important for Bangladesh because a substantial number of Bangladeshi migrant workers are employed across the Middle East. The listed rate for one Saudi riyal is Tk33, while the UAE dirham is Tk33.72 and the Qatari riyal is Tk34. The Omani riyal is valued considerably higher at Tk320.50. One Bahraini dinar is quoted at Tk328.65, while the Kuwaiti dinar has the highest listed value among the currencies in the provided figures, at Tk403.29.

For remittance recipients, however, the nominal value of a currency unit does not by itself determine the amount ultimately received in Bangladesh. The actual amount transferred can also depend on the exchange rate offered by the financial institution, transfer charges and other applicable fees. This makes it important for remitters to compare the prevailing rates and costs before sending money.

Among other Asian currencies, one Malaysian ringgit is listed at Tk30.31, while the Singapore dollar stands at Tk96.97. The Indian rupee is valued at Tk1.25. One Japanese yen is quoted at Tk0.788, and one South Korean won at Tk0.08586678.

The listed rates for major currencies from other regions include Tk87.55 for one Australian dollar, Tk72.86 for one New Zealand dollar and Tk88.06 for one Canadian dollar. One Swiss franc is valued at Tk149.16, while the South African rand is quoted at Tk7.49.

The exchange rates listed for 3 August are as follows:

Foreign exchange rates are not fixed and can change in response to shifts in international markets, currency demand and supply, trade flows, remittance movements and broader economic conditions. Interest-rate decisions, inflation expectations and changes in investor sentiment can also influence currency markets, although the impact on individual currencies varies.

The quoted figures should therefore be treated as indicative rates for the stated date rather than a guaranteed rate for every transaction. Banks, authorised money changers and other permitted financial institutions may offer different buying and selling rates, while transaction charges can also vary.

Anyone planning to buy or sell foreign currency, send remittances or make an international payment should check the latest applicable rate with the relevant bank or authorised financial institution before completing the transaction.