Exchange rate rises 3.54pc in one year

FE Desk | Saturday, 24 March 2018

Country's foreign exchange market witnessed larger payments in the week ended Thursday.
The Bangladesh Bank kept the exchange rate of the dollar at BDT 82.96. The BB continued selling dollars into the market.
This week, the central bank has released $ 35.00 million in the market, according to the weekly analysis of Commercial Bank of Ceylon (CBC).
According to market data, exchange rate rose by 3.54 per cent within a period of just one year as on March 15 of last year, the import settlement rate or BC selling rate of dollar was Tk 80.65.
On March 15 of this year, the rate was Tk 83.50.
The inter-bank rate for the dollar against taka on the same day last year was Tk 79.55, while it was Tk 82.96 this year.
The average daily inter-bank USDBDT transaction volume was about USD 103.01 million against USD 103.00 million of the preceding week.
Most of the banks kept their USD/BDT rates unchanged for customers this week. The USD/BDT selling rates for importers of major foreign and private banks was Tk 83.50, while USD buying rates from exporters were Tk 82.50. For non- commercial payments such as telegraphic transfer as donations, wage earners remittance, dollar drafts etc, the average T.T buying rate was between Tk 81.37 and Tk 82.48 while average T.T selling rate was Tk 83.46 on the last working day.
USD-BDT swap market in the week remained active. The daily average volume of swap transaction was around USD 57.50 million.