Bangladesh’s foreign exchange market shows signs of steadying as the taka finds fragile stability against key international currencies following months of volatility driven by macroeconomic reforms and structural adjustments.

Official data released by Bangladesh Bank and leading commercial financial institutions on 28 September 2026 indicates that the US dollar is trading at 122.75 taka. This reflects a modest recovery from recent record highs, when the currency touched a peak of 123.82 taka. The easing comes amidst stringent oversight from the central bank and a steady influx of foreign remittances, which together have bridged the historically wide gap between official banking rates and the kerb market.

This relative calm follows a turbulent policy period. Last month, authorities allowed the dollar to appreciate and depreciated the taka progressively to fulfill conditional mandates set by the International Monetary Fund (IMF). Although these measures initially exacerbated exchange rate volatility, the influx of remittance channels and rigorous administrative monitoring have absorbed immediate market shocks, offering relief to domestic importers and business communities reliant on foreign currency liquidity.

Among major global currencies, foreign exchange benchmarks reflect the following exchange rates against the Bangladeshi taka:

• US Dollar: 122.75 taka

• Euro: 139.82 taka

• British Pound: 162.65 taka

• Canadian Dollar: 86.77 taka

• Australian Dollar: 86.20 taka

• Chinese Yuan: 18.25 taka

• Singapore Dollar: 96.04 taka

• Indian Rupee: 1.28 taka

• Malaysian Ringgit: 30.16 taka

• Saudi Riyal: 32.79 taka

• Qatari Riyal: 33.76 taka

• Kuwaiti Dinar: 398.88 taka

• UAE Dirham: 33.54 taka

Financial analysts note that whilst current rates remain subject to intraday fluctuations, the narrowing spread across official and unofficial channels marks a notable step towards exchange rate unification. The stabilization offers crucial breathing room for Bangladesh’s expanding trade footprint, though long-term equilibrium will remain contingent on sustained export earnings and continued adherence to international financial benchmarks.