The exchange rates of currencies are significant when determining decisions to do in business, traveling, and studying and investment. In the case of Bangladesh the exchange rate between the Bangladeshi Taka (BDT) and the global currencies such as the US Dollar (USD), euro (EUR), Indian Rupee (INR), Pakistani rupee (PKR), and the Russian ruble (RUB) can have a direct influence in trade, remittances and cost of living. Exchange rates vary everyday because of demand, supply and monetary policies of the Bangladesh Bank to the world market. It is important that importers, exporters, and people that conduct international transactions keep up with the environment of current rates.
Today’s Currency Exchange Rate of Taka
The most recent update on the performance of the taka (Bangladeshi) against major currencies around the world is shown below:
| Currency | 1 Unit = BDT (Approx.) |
| US Dollar (USD) | 118.50 BDT |
| Euro (EUR) | 126.70 BDT |
| Indian Rupee (INR) | 1.42 BDT |
| Pakistani Rupee (PKR) | 0.42 BDT |
| Russian Ruble (RUB) | 1.25 BDT |
Table Description
Today, 1 US Dollar is equivalent to 118.50 BDT and can be considered one of the most closely monitored rates in terms of business and remittance. The Euro is stronger and its value is 126.70 BDT whereas the Indian Rupee is equal to 1.42 BDT, which is helpful in cross-border trade and travel. Pakistani Rupee translates into 0.42 BDT and the Russian Ruble is worth 1.25 BDT. Depending upon the bank, money exchange service, and online platform, the rates can be a little different.
Importance of Currency Exchange in Bangladesh
The day to day variation of the exchange rate affects various sectors of the Bangladesh economy. To calculate product costs and profit margins, importers and exporters are dependent on the new values. Freelancers who have a source of income in foreign currencies observe these changes keenly because it has a direct effect on the amount of money they can earn in Taka. A positive balance of payment offers a big financial receive to students studying in foreign countries or households relying on remittance. On the same note, in the case of travelers, these values constitute costs in overseas destinations. Since Bangladesh depends on remittances to operate, any slight changes in exchange rates have a monumental impact on homes in the entire country.
FAQs
Q1: What is the current value of 1 USD to BDT?
Today, 1 USD is equal to about 118.50 BDT.
Q2: Would the Euro be stronger than the Dollar in Bangladesh?
Yes, there is some improvement with the Euro standing strong at some 126.70 BDT against the Dollar at 118.50 BDT.
Q3: What will 100 Indian Rupees in Bangladeshi Taka be worth?
100 INR and 142 BDT are more or less equal.
Q4: Is the same exchange rate provided by the banks and the money exchanges?
Well, the rates differ insignificantly between banks, money exchanges and the Internet.
Q5: Where is the daily exchange rate of Taka?
On the internet, you can access trusted currency exchange updates pages where you can get the real-time values in graphs.
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