1 US Dollar equals how many Bangladesh Taka?
Introduction
The US dollar (USD) is one of the most widely traded and widely held currencies in the world. Bangladesh Taka (BDT) is the official currency of Bangladesh. If you're planning to travel to Bangladesh or conduct business with a Bangladeshi company, it's essential to know the exchange rate between the US dollar and Bangladesh Taka.
Current Exchange Rate
As of the current date, the exchange rate is:
1 USD = 84.80 BDT
Please note that exchange rates can fluctuate frequently, and this rate may change rapidly. It's essential to check the current exchange rate before making any transactions.
Historical Exchange Rate
Over the past few years, the exchange rate between the US dollar and Bangladesh Taka has been relatively stable, with some fluctuations. Here's a brief overview of the exchange rate over the past few years:
- 2020: 1 USD = 84.25 BDT
- 2019: 1 USD = 83.50 BDT
- 2018: 1 USD = 82.75 BDT
- 2017: 1 USD = 81.50 BDT
Factors Affecting Exchange Rate
Several factors can influence the exchange rate between the US dollar and Bangladesh Taka, including:
- Economic indicators: GDP growth rate, inflation rate, and interest rates can impact the exchange rate.
- Political stability: Political uncertainty or instability can lead to a decrease in the value of the Bangladesh Taka.
- Trade relationships: The balance of trade between the US and Bangladesh can affect the exchange rate.
- Global events: Global economic downturns or crises can impact the exchange rate.
Conclusion
In conclusion, the exchange rate between the US dollar and Bangladesh Taka is an essential piece of information for anyone planning to travel to Bangladesh or conduct business with a Bangladeshi company. While the exchange rate can fluctuate, it's essential to stay informed and up-to-date with the current rate to make informed decisions.
