1 Dollar to Taka in 2009
In 2009, the exchange rate between the US dollar (USD) and the Bangladeshi taka (BDT) was not stable and fluctuated throughout the year.
Historical Exchange Rate
According to the data from the International Monetary Fund (IMF), the average annual exchange rate in 2009 was around 1 USD = 69.84 BDT. However, the exchange rate varied throughout the year, with the highest rate being around 1 USD = 72.50 BDT in May 2009 and the lowest rate being around 1 USD = 66.50 BDT in October 2009.
** Exchange Rate Fluctuation**
The exchange rate between the USD and BDT in 2009 was influenced by several factors, including:
- Global Economic Crisis: The global economic crisis that started in 2008 had a significant impact on the exchange rate. The crisis led to a decrease in demand for the BDT, causing its value to depreciate against the USD.
- Inflation: Bangladesh faced high inflation rates in 2009, which led to a decrease in the value of the BDT.
- Trade Deficit: Bangladesh's trade deficit widened in 2009, which put pressure on the exchange rate.
Impact on Economy
The fluctuation in the exchange rate had a significant impact on the Bangladeshi economy. The depreciation of the BDT against the USD led to:
- Higher Import Costs: The depreciation of the BDT made imports more expensive, which led to higher prices for consumers.
- Reduced Exports: The depreciation of the BDT made Bangladeshi exports less competitive in the global market, leading to a decline in exports.
- Inflation: The depreciation of the BDT led to higher inflation rates, which had a negative impact on the overall economy.
Conclusion
In conclusion, the exchange rate between the USD and BDT in 2009 was influenced by several factors, including the global economic crisis, inflation, and trade deficit. The fluctuation in the exchange rate had a significant impact on the Bangladeshi economy, leading to higher import costs, reduced exports, and higher inflation rates.
