US Dollar/Bangladesh Taka maintained stable tone last week as well and it was traded around 77.40 levels though the market was open for only two days. The foreign exchange reserve for the country stood at $21.84 billion at the end of September, 2014. We feel that market will see the same tone next week.
The average daily inter-bank USDBDT transaction volume was about $24.73 million against around $31.36 million of the week before.
Most of the banks kept their published foreign exchange rates unchanged this week. The USD/BDT selling rates for importers of major Foreign and
Private Banks was at 77.60-78.10, while US Dollar buying rates from exporters were at 76.60-77.10. For non- commercial payments such as Tele Graphic Transfer as donations, wage earners remittance, dollar drafts etc.
The average TT Selling rate was at 77.8498 on the last working day.
USDBDT swap market in this week was very much active. The daily average volume of swap transaction was around $70.00 million.
Local Money Market
This week, the local call money rate observed little bit pressure due to
Eid and Puja. The market traded around 8.50 per cent. The Central Bank supported commercial banks through Repo, Reverse Repo and ALS windows. Bangladesh Bank accepted 91 days T/Bill and 364 days T/Bill. The cutoff yield of 91 days was 7.50pc and 364 days was 8.20pc.
— Commercial Bank of Ceylon PLC
foreign exchange money market analysis
FE Team | Published: October 11, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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