Foreign exchange rates are closely watched in Bangladesh because movements in major currencies can affect import costs, overseas education expenses, international travel, remittances and payments for goods and services. The dollar, in particular, remains central to the country’s external transactions because a large share of international trade and cross-border payments is settled in US currency.

According to the latest Bangladesh Bank figures cited for the day, the US dollar is being bought at Tk 123.00 and sold at Tk 123.15, with an average rate of around Tk 123.10. The movement comes amid continued volatility in global currency markets, where exchange rates have been influenced by developments in the international economy and geopolitical tensions, including instability in the Middle East.

The euro is quoted at Tk 137.69 for buying and Tk 137.91 for selling. The British pound, one of the highest-valued major currencies against the taka, stands at Tk 162.48 on the buying side and Tk 162.77 on the selling side.

The Chinese yuan is trading at Tk 18.35 for buying and Tk 18.37 for selling. Meanwhile, the Australian dollar is quoted at Tk 85.60 and Tk 85.78, respectively, while the Singapore dollar stands at Tk 96.07 for buying and Tk 96.24 for selling.

The Indian rupee has shown no change in the reported rate, remaining at Tk 1.27 for both buying and selling. The Japanese yen is also listed at Tk 0.77 for both sides of the transaction.

Today’s foreign exchange rates

The buying and selling rates published by the central bank provide an important reference for the market, although customers may encounter somewhat different rates at individual banks and authorised money changers. Actual transaction rates can vary depending on the institution, transaction size, market conditions and the purpose of the foreign currency transaction.

For households and businesses, even small changes in major currency rates can have wider implications. A stronger dollar, for instance, can raise the taka cost of imported goods and overseas payments, while movements in the pound or euro can affect the expenses of Bangladeshis travelling, studying or conducting business in the United Kingdom and Europe.

With global markets continuing to respond to geopolitical and economic developments, exchange rates are likely to remain an area of close attention for importers, exporters, remittance recipients and other participants in Bangladesh’s foreign exchange market.