Dhaka, Bangladesh (BBN)- Daily average transaction volume in the inter-bank foreign exchange market fell significantly in the last week mainly due to lower demand for the greenback in the market, treasury officials said.
The average daily inter-bank USDBDT transaction volume came down to about $ 28.17 million in the last week from $ 44.72 million of the preceding week, according to the market operators.
The existing exchange rate of Bangladesh Taka (BDT) against the US dollar (USD) may continue in the coming week following higher inflow of remittance ahead of the Holy Ramadan, they explained.
Most of the banks kept their published foreign exchange rates unchanged throughout the week. The USD/BDT selling rates for importers of major foreign and private banks was at 77.90-78.50, while USD buying rates from exporters were at 76.90-77.50.
For non- commercial payments such as telegraphic transfer as donations, wage earners remittance, dollar drafts etc, the average T.T buying rate hovered between the range of 76.90-77.50 while average T.T selling rate was at 78.1755 on the last working day.
On the other hand, the USD/BDT swap market in this week remained brisk. The daily average volume of swap transaction was around $ 60.00 million.
BBN/SSR/AD-06June15-1:06 am (BST)