Current Price Of Us Dollar In Bangladeshi Taka

Introduction

The US dollar (USD) is the most widely used currency in the world for international transactions. It is the official currency of the United States and many other countries, including Bangladesh. The exchange rate between the US dollar and Bangladeshi Taka (BDT) is an important economic indicator for both countries. In this article, we will discuss the current price of the US dollar in Bangladeshi Taka and its impact on the economy.

The Exchange Rate

The exchange rate is the value of one currency in terms of another currency. For example, if the exchange rate between the USD and BDT is 1 USD = 84 BDT, then one US dollar is worth 84 Bangladeshi Taka. The exchange rate between the USD and BDT is determined by supply and demand in the foreign exchange market.

Factors Affecting the Exchange Rate

Several factors can influence the exchange rate between the USD and BDT. These include:

1. Economic Performance: The performance of the US and Bangladeshi economies can affect the exchange rate. If the US economy is performing well, demand for the USD may increase, causing its value to rise against the BDT. Conversely, if the Bangladeshi economy is performing well, demand for the BDT may increase, causing its value to rise against the USD.

2. Political Stability: Political instability in either country can cause fluctuations in the exchange rate. Investors may be hesitant to invest in a country with political turmoil, causing the value of its currency to decrease.

3. Interest Rates: Interest rates can also affect the exchange rate. If the US Federal Reserve raises interest rates, demand for the USD may increase, causing its value to rise against the BDT.

Current Price of US Dollar in Bangladeshi Taka

As of September 2021, the current price of one US dollar is approximately 84 Bangladeshi Taka. This is a slight increase from the previous year, where the exchange rate was approximately 83 Bangladeshi Taka per US dollar.

Impact on the Economy

The exchange rate between the USD and BDT can have a significant impact on the economies of both countries. A strong US dollar can make imports from Bangladesh cheaper for US consumers, which can increase demand for Bangladeshi goods. On the other hand, a weak US dollar can make imports from the US more expensive for Bangladeshi consumers, which can decrease demand for US goods.

Conclusion

The exchange rate between the USD and BDT is an important economic indicator for both the US and Bangladesh. It is influenced by a variety of factors, including economic performance, political stability, and interest rates. As of September 2021, the exchange rate between the USD and BDT is approximately 84 Bangladeshi Taka per US dollar. This exchange rate can have a significant impact on the economies of both countries.

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