Bangladeshi Taka Drops Against Dollar Amid Lower Demand

The Bangladeshi taka has seen a significant drop in value against the US dollar due to lower demand for the greenback. This is good news for importers who have been struggling with high exchange rates, causing them relief.

Remitters sent home a large amount of foreign currency in July, which increased the foreign-exchange netting by commercial banks. However, when government imports were settled earlier this month, demand plummeted, causing the exchange rate to drop by over Tk 1.0.

The current exchange rate is between Tk 122.50 and Tk 122.60 per dollar, down from Tk 123.60 to Tk 123.70 just a couple of weeks ago. The central bank's forex-market spot reference rate also declined to Tk 122.89 per dollar on August 12, 2026, from Tk 123.81 on July 27, 2026.

A Bangladesh Bank official said that the exchange rate dropped due to higher supply than demand. With banks holding more dollars than needed, there is no pressure on them to buy remittance at a higher rate, causing the continuous fall in exchange rates.