When it comes to international trade and business, understanding the exchange rate between two currencies is crucial. For those dealing with the US Dollar (USD) and the Bangladeshi Taka (BDT), having a clear grasp of the USD to BDT exchange rate is essential for making informed financial decisions.
The exchange rate between the USD and BDT can fluctuate on a daily basis, influenced by various economic factors and market forces. Keeping track of these changes is important for individuals and businesses alike, whether they are sending money to Bangladesh, conducting international transactions, or simply monitoring the value of their assets.
Understanding the USD to BDT Exchange Rate
Current USD to BDT Exchange Rate
As of June 19, 2024 at 07:29 UTC, the USD to BDT exchange rate stands at 1 USD = 117.485 BDT. Conversely, 1 BDT is equal to 0.00851175 USD. These rates are considered mid-market rates and are used for informational purposes only.
It’s important to note that the exchange rates provided are subject to change and may vary slightly from the rates offered by banks, currency exchange services, or money transfer providers. When conducting actual transactions, it’s always recommended to check the specific rates provided by the service you are using.
Factors Influencing the USD to BDT Exchange Rate
The USD to BDT exchange rate is influenced by a variety of economic indicators and market conditions. Some of the key factors that can cause currency fluctuations include:
- Economic growth and stability of both the United States and Bangladesh
- Inflation rates in both countries
- Interest rates set by central banks
- Trade balances and international investments
- Political events and geopolitical tensions
By monitoring these factors and staying informed about the latest economic developments, individuals and businesses can better understand and anticipate potential changes in the USD to BDT exchange rate.
Historical USD to BDT Exchange Rates
30-Day USD to BDT Exchange Rate Overview
Over the past 30 days, the USD to BDT exchange rate has seen some fluctuations. The 30-day low for the exchange rate was 117.1 BDT per USD, while the 30-day high reached 117.63 BDT per USD. On average, the exchange rate during this period was 117.41 BDT per USD, with a volatility of 0.08%.
90-Day USD to BDT Exchange Rate Analysis
Looking at a longer timeframe, the USD to BDT exchange rate over the past 90 days has experienced more significant changes. The 90-day low was recorded at 109.61 BDT per USD, while the 90-day high reached 117.63 BDT per USD. The average exchange rate during this quarter was 113.19 BDT per USD, with a volatility of 0.69%.
These historical exchange rates provide valuable insights into the trends and patterns of the USD to BDT currency pair. By analyzing past data, individuals and businesses can make more informed decisions when it comes to timing their transactions or hedging against potential risks.
Converting USD to BDT: Options and Services
Online Currency Conversion Tools
One of the easiest ways to convert USD to BDT is by using online currency converters. Websites like Xe.com offer real-time exchange rates and allow users to quickly calculate the equivalent amount of BDT for a given USD value.
These online tools provide a convenient way to access live exchange rates and perform currency conversions on the go. However, it’s important to remember that the rates displayed are for informational purposes only and may differ from the actual rates used by banks or money transfer services.
International Money Transfer Services
For those looking to send money from the United States to Bangladesh, international money transfer services like Western Union offer a reliable and secure option. These services allow individuals to transfer USD to BDT directly, with the funds being available for pickup or deposit into a Bangladeshi bank account.
When using money transfer services, it’s essential to compare the exchange rates and fees offered by different providers. Some services may offer better rates or lower fees depending on the amount being transferred and the chosen delivery method.
In addition to traditional money transfer services, there are also online platforms and mobile apps that facilitate international payments and currency exchanges. These digital options often provide competitive rates and faster processing times compared to traditional methods.
BDT Currency Overview
BDT Currency Code and Symbol
The Bangladeshi Taka is the official currency of Bangladesh. Its currency code is BDT, and it is represented by the symbol “৳”. The Taka is subdivided into 100 paisa, although paisa coins are rarely used in everyday transactions.
When dealing with international transactions or currency conversions, it’s important to use the correct currency code and symbol to avoid confusion and ensure accuracy.
Popular BDT Currency Pairings
While the USD to BDT exchange rate is one of the most commonly referenced currency pairings for the Bangladeshi Taka, there are other popular pairings as well. These include:
- BDT to EUR (Euro)
- BDT to GBP (British Pound Sterling)
- BDT to JPY (Japanese Yen)
- BDT to CAD (Canadian Dollar)
- BDT to AUD (Australian Dollar)
- BDT to CHF (Swiss Franc)
- BDT to CNY (Chinese Yuan)
By understanding the exchange rates and dynamics between the Bangladeshi Taka and other major global currencies, businesses and individuals can make more informed decisions when it comes to international trade, investments, and financial transactions.
See also:
- USD to LKR – US Dollars to Sri Lankan Rupees Exchange Rate
- USD to PKR Exchange Rate | Convert US Dollar to Pakistan Rupee
- Israel Currency Exchange Rate: USD to ILS | Top 10 Results – Xe
- Kuwait Currency Exchange Rate: KWD to USD, INR | Conversion Rates
- Kazakhstan Currency Exchange Rate: USD to KZT | KZT to USD
