Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) appreciated further more against the greenback during the week of August 3 to August 7 last and was traded around 77.48 levels on Thursday, the last working of the week..
With the event of huge inward remittances ahead of Eid festival, the market was eased off. Experts foresee that market will observe the same tone in the next week as well.
The average daily inter-bank USD/BDT transaction volume was about $36.00 million against around $31.02 million of the week before which is almost 16 percent higher compared to previous week.
Most of the banks kept their published foreign exchange rates unchanged last week. The USD/BDT selling rates for importers of major foreign and private banks was at 77.80-78.30, while USD buying rates from exporters were at 76.80-77.30.
For noncommercial payments such as Tele Graphic Transfer as donations, wage earners remittance, dollar drafts etc, the average T.T Buying rate was at 76.95 while average T.T Selling rate was at 77.91 on the last working day.
USD/BDT Swap market last week was very much active. The daily average volume of swap transaction was around $ 54.17 million.
The local call money rate has come down and market traded around 6.25 percent. The Bangladesh Bank supported commercial banks through repo, reverse repo and assured liquidity support windows.
BBN/SSR/AD-09Aug14-12:40 am (BST)