The Bangladeshi Taka (BDT) is the official currency of Bangladesh, playing a vital role in the country’s economic landscape and regional trade. Represented by the symbol ৳ and assigned the ISO 4217 code BDT, this currency is used by over 160 million people across the nation. Whether you're planning travel, engaging in international business, or monitoring global exchange trends, understanding the value and behavior of the BDT is essential.
This comprehensive guide provides up-to-date insights into the Bangladeshi Taka, including its technical specifications, current exchange rates against major world currencies, and practical applications for investors, travelers, and financial professionals.
Key Facts About the Bangladeshi Taka
Before diving into exchange rates, it's important to understand the foundational details of the currency:
| Attribute | Value |
|---|---|
| ISO 4217 Code | BDT |
| Country | Bangladesh |
| Currency Symbol | ৳ |
| HTML Entity | ৳ |
| Subunit | Poisha (1/100 of a Taka) |
| Issuing Authority | Bangladesh Bank |
While poisha coins exist in theory, inflation has rendered denominations below one taka largely obsolete in daily transactions.
Current Exchange Rates: BDT Against Global Currencies (As of July 2025)
The value of the Bangladeshi Taka fluctuates daily based on market dynamics, central bank policies, trade balances, and geopolitical factors. Below is a detailed snapshot of the BDT’s exchange rate as of July 2, 2025, sourced from Open Exchange Rates.
Major World Currencies
- United States Dollar (USD): 1 BDT = 0.01 USD
Yearly change: -4.48%
The USD remains a benchmark for evaluating BDT stability. The gradual depreciation reflects broader inflationary pressures. - Euro (EUR): 1 BDT = 0.01 EUR
Yearly change: -14.52%
The eurozone’s economic performance continues to influence South Asian currencies. - British Pound (GBP): 1 BDT = 0.01 GBP
Yearly change: -13.02%
Despite volatility in UK markets, the pound maintains strong correlation trends with other developed nation currencies. - Japanese Yen (JPY): 1 BDT = 1.17 JPY
Yearly change: -17.29%
Japan’s monetary policy impacts emerging market currencies like the BDT. - Indian Rupee (INR): 1 BDT = 0.70 INR
Yearly change: -1.73%
Given Bangladesh’s close trade ties with India, this pair is closely watched by regional economists.
Emerging Market & Regional Currencies
- Chinese Yuan (CNY): 1 BDT = 0.06 CNY
Yearly change: -6.00% - Pakistani Rupee (PKR): 1 BDT = 2.31 PKR
Yearly change: -2.47% - Myanmar Kyat (MMK): 1 BDT = 17.09 MMK
Yearly change: -9.73%
These pairings reflect regional economic interdependence and cross-border trade flows.
Cryptocurrencies Linked to BDT
Digital assets are increasingly relevant in Bangladesh, especially among remittance receivers and tech-savvy investors.
- Bitcoin (BTC): 1 BDT = 0.00000008 BTC
Yearly change: -80.36% — significant drop due to global crypto corrections. - Ethereum (ETH): 1 BDT = 0.000003 ETH
Yearly change: +25.06% — showing resilience amid market shifts. - XRP (Ripple): 1 BDT = 0.0037 XRP
Yearly change: -373.23% — high volatility observed.
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Factors Influencing BDT Exchange Rate Movements
Several macroeconomic indicators affect the strength of the Bangladeshi Taka:
- Trade Balance: Bangladesh exports textiles and garments but imports energy and machinery, affecting forex demand.
- Remittances: Inflows from overseas workers significantly bolster foreign reserves.
- Inflation Rate: Rising domestic prices can weaken purchasing power and erode currency value.
- Monetary Policy: Interest rate decisions by the Bangladesh Bank influence investor confidence.
- Global Commodity Prices: Oil and food prices impact import costs and fiscal health.
Frequently Asked Questions (FAQ)
What is the symbol for Bangladeshi Taka?
The official symbol is ৳, and its ISO code is BDT. It is sometimes written as "Tk" informally.
Is the Bangladeshi Taka pegged to any currency?
No, the BDT operates under a managed float system where the Bangladesh Bank intervenes occasionally to stabilize extreme fluctuations.
How much is 1 USD in BDT?
As of July 2025, 1 USD ≈ 98–100 BDT, depending on the source and exchange platform.
Can I use US Dollars in Bangladesh?
While USD is not legal tender, it is widely accepted in hotels, tour agencies, and duty-free shops. However, local transactions require BDT.
Why has the BDT depreciated against major currencies?
Depreciation stems from rising import bills, global dollar strength, and inflationary trends—common challenges for developing economies.
Are cryptocurrency exchanges legal in Bangladesh?
The central bank does not recognize cryptocurrencies as legal tender, but peer-to-peer trading exists in a regulatory gray area.
Practical Tips for Using or Exchanging BDT
- Always check live rates before exchanging money—airport kiosks often offer poor margins.
- Use licensed exchange bureaus or banks for better security and rates.
- For digital transactions, consider fintech platforms offering real-time BDT conversions.
- Monitor economic news related to Bangladesh for predictive insights into future movements.
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Conclusion
The Bangladeshi Taka serves as a critical indicator of Bangladesh’s evolving economy. Its performance against major global currencies reflects both domestic policy effectiveness and external market forces. Whether you're converting funds for travel, investment, or business, staying informed about BDT trends ensures smarter financial decisions.
With growing digital adoption and increasing integration into global markets, tools that provide accurate, real-time data—especially those supporting emerging asset classes—are becoming indispensable.
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