The foreign currency maintained its strong position throughout the week against the local currency. With the event of the central bank's intervention and increased inward remittances in the month of November, 2014, the market got eased a little bit.
Bangladesh received $1.17 billion as inward remittances in the month of November, 2014 comparing with $1.02 billion in month of October, 2014. The average daily inter-bank USD/BDT transaction volume was about $34.25 million against around $18.13 million of the week before.
Most of the banks kept their published foreign exchange rates high throughout the week. The USD/BDT selling rates for importers of major foreign and private banks was at 78.00-79.30, while USD buying rates from exporters were at 77.00-78.30. 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 77.00-78.30 while average T.T selling rate was at 78.7486 on the last working day.
USD/BDT swap market last week was very much active. The daily average volume of swap transaction was around $ 65.00 million.
The local call money rate observed very soft tone and market traded below 7.00 per cent. Bangladesh Bank supported commercial banks through Reverse Repo and ALS windows. Bangladesh Bank accepted 364-day T-Bill and the cutoff yield was 8.14 per cent. It also accepted 2-Year Govt. Treasury bond at yield of 8.48 per cent.
-Commercial Bank of Ceylon PLC
Foreign currency remains strong against local
FE Team | Published: December 06, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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