BDT-US dollar stable

USD/BDT  maintained  stable  tone last week as well and traded around 77.80 levels.   As the country will start receiving wage earners remittances from next week, the market might get eased in coming week.

The  average daily inter-bank USDBDT transaction volume was about USD 16.43 million against USD 40.10 million of the preceding week.

Most  of  the  banks  kept their published foreign exchange rates unchanged throughout  the  week.  The  USD/BDT  selling  rates for importers of major Foreign  and  Private Banks was at 77.90-78.50, while USD Buying rates from exporters  were  at  76.90-77.50. For non- commercial payments such as Tele Graphic  Transfer as donations, wage earners remittance, dollar drafts etc, the  average  T.T Buying rate was in the range of 76.90-77.50 while average T.T Selling rate was at 78.1971 on the last working day.

USDBDT  Swap  market  in  this week remained vibrant. The daily average volume of swap transaction was around USD 90.00 million.

     — Commercial Bank of     Ceylon PLC