As per the central bank latest statistics as of July 13, 2025, the interbank USD/BDT rate stands at Tk120.60 per dollar on weighted average rate(WAR), down from Tk 122.69 per dollar on July 1.
Between those dates, Taka gained by 1.7 percent recovering more than a full Taka in just over a week.
This shift marks a continuation of ongoing correction process since late June, when Taka briefly slipped above Tk 122.60. That spike was met with swift action-enhanced remittance inflows, targeted forex intervention, and measured policy signals- all contributed to the current tightening grip.
The drop from Tk 122.63 on July 6 to Tk 121.68 by July 10 underscores a disciplined policy environment and strategic market engagement.
Floating exchange rate has empowered Bangladesh Bank to allow market forces to play a central role. With the Taka’s value responding dynamically to supply-demand shifts, authorities have maintained intervention capacity to smooth excessive volatility without stifling natural adjustment. This balance has produced tangible gains within a short span.
Tk120.60 dollar value is now benefitting importers and consumers through more favorable pricing, narrowing trade gap created by prior depreciation. This easing of cost pressures may alleviate the pace of domestic inflation and improve purchasing power.
Exporters, meanwhile, are adjusting revenue forecasts and considering recalibrated price points to reflect a firmer local currency. Over the first half of 2025, USD/BDT averaged around Tk 121.72 with a low at Tk 119.53 on January 1 and a high at Tk 122.69 on July 1. The Taka’s recent climb places it back in the tighter range seen earlier in the year, reflecting improved stability.
Looking ahead, sustained remittance inflows-bolstered by global diaspora as well as continued measured interventions by Bangladesh Bank, is likely to maintain the Taka’s momentum. The enhanced flexibility afforded by floating regime enables market consistency with macroeconomic policy objectives.
Taka has taken control, recouping more than a full Taka against dollar in days, reinforcing confidence, strengthening market discipline, and showcasing Bangladesh’s ability to manage its currency with precision following the adoption of floating exchange rates.
A senior Bangladesh Bank official said Bangladesh’s foreign exchange reserves are gaining ground again as record-breaking remittance inflows, release of IMF tranches, and a raft of multilateral loans start to flow into the central bank vaults. As of early July 2025, gross reserves have crossed the $31.7 billion mark, lifting optimism after years of depletion.
The remittance sector has performed with rare force. In FY25, ending June 30, the country received $30.32 billion in inward remittances, up 26.8 percent from the previous fiscal year. It’s the highest in Bangladesh’s history.
June alone -2025 fetched about $2.8 billion, showing that migrant workers are responding to recent policy tweaks and more competitive exchange rates. This has become the strongest single force building up the reserves and has given the economy a much-needed cushion.
He said the IMF also disbursed $1.33 billion in June as part of its $4.7 billion loan package. The third and fourth tranches under the ECF, EFF, and RSF facilities were cleared and deposited into Bangladesh Bank accounts, boosting the official figures further.
On top of it, other multilateral and bilateral development partners, including the World Bank, ADB, AIIB, and the OPEC Fund, are injecting further liquidity. The government expects at least $5 billion in external support through FY25, and already a significant portion of that has received commitment.
These lending agencies have approved loans mostly for budget support and climate resilience purposes, and the disbursements are being fast-tracked due to fiscal pressures and balance-of-payment vulnerabilities.
Together, these combined inflows –remittance, IMF, and other loans have started turning the reserve from about $25 billion a few months back to $31.7 billion including usable reserves at $26.5 billion now. The central bank expects reserves to reach $34.4 billion by the end of FY26.
It is now evident that the reserve strategy, anchored on policy reforms and international backing, is beginning to yield results reinforcing Taka against dollar.
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