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Bangladesh Bank Reports: Dollar Steady, Other Major Currencies Decline

Bangladesh Bank reports today's exchange rates with the dollar steady and other major currencies down.

By Staff Correspondent
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Bangladesh Bank Reports: Dollar Steady, Other Major Currencies Decline

Today, Tuesday, marks the second working day after Eid. Foreign currency transactions are ongoing in the country's money market. Due to various reasons including the Middle East crisis, the prices of foreign currencies have been fluctuating for several months. However, an increasing trend in prices has been observed for over a month.

According to Bangladesh Bank, the price of the dollar remains unchanged today. The average price of the dollar is 122 taka 75 paisa. The price of the dollar has been fluctuating for several months.

Today, the prices of most major currencies have decreased in the country's money market. This list includes the Euro, Pound, Yuan, Yen, Australian Dollar, and Singapore Dollar. The price of the Rupee remains unchanged. Today, the price of no major currency has increased.

Foreign currencies are sold in the open market at slightly higher prices than the rates published by the central bank. The fluctuation in foreign currency exchange rates also affects the cost of the country's business and trade.

FAQ

Why have foreign currency prices been fluctuating?
Due to various reasons including the Middle East crisis.
Has the price of any major currency increased today?
No, the price of no major currency has increased today.

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