The Bangladeshi Taka has appreciated against the US dollar after more than five years of steady depreciation. According to data from Bangladesh Bank, the appreciation amounted to 0.77 per cent between 30 August and 17 September 2026, as the dollar rate fell from Tk 123.95 to Tk 123.00. The move follows an extended period of decline. Between 2021 and 2025, the exchange rate fluctuated from Tk 85.80 to Tk 122.33 per US dollar and reached its highest mark since March 2021 on 30 August 2026 at Tk 123.95. Thus, the current trend represents a reversal of the currency dynamics.
What makes the Taka appreciate?
Recent appreciation was supported by foreign-currency inflows and improvement of liquidity in the foreign-exchange market. In addition, data from Bangladesh Bank suggest that there is growth in remittance flows and foreign-exchange reserves, thus reducing the pressure on the national currency. During the first 19 days of the 2026–27 fiscal year, Bangladesh received US$7.702 billion in remittances, a 13.8 per cent growth compared to the same period of the previous year. The gross foreign-exchange reserves were reported at about US$36.44 billion as of 8 September.
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What does a stronger Taka imply for the economy?
First of all, a stronger Taka implies a reduction in the cost of importing goods. If firms require fewer taka to buy US dollars for making foreign payments, then this will help keep the costs of imported goods low. This might be relevant for fuel, raw materials, foodstuffs, and other products that become more costly due to fluctuations in exchange rates.
What does a strong Taka imply for exporters?
Not all effects of a strong Taka are equal in their implications for the whole economy. One such effect is the fact that Bangladeshi goods become more expensive for foreigners in comparison with goods produced in countries where the value of the national currency decreased. In particular, this effect might matter for the ready-made garment industry in Bangladesh since it is export-oriented. According to The Financial Express, a real appreciation of the exchange rate is harmful to export competitiveness.
