Dhaka, Jan 09 (V7N)- The US dollar remained largely stable in the domestic foreign exchange market last week, while most other major foreign currencies also experienced minimal fluctuations.

According to data from NCC Bank, the US dollar was traded at Tk 122.70 at the beginning of the week, with the lowest rate recorded at Tk 122.60, indicating a narrow trading range throughout the week.

The British pound sterling saw slight movement, trading at a weekly high of Tk 168.05 on Monday, while the lowest rate of Tk 166.29 was recorded on Thursday.

Similarly, the euro remained mostly steady. It reached a high of Tk 145.44 on Monday and dipped to a low of Tk 144.70 on Thursday.

However, some volatility was observed in the Australian dollar. The currency peaked at Tk 82.95 on Tuesday before falling to Tk 81.88 on Thursday.

The Malaysian ringgit traded consistently within the Tk 30 range throughout the week, showing no significant change.

The Singapore dollar also remained stable, trading at a high of Tk 96.33 on Monday and a low of Tk 95.72 on Thursday.

There was little variation in the Saudi riyal, which stood at Tk 32.73 on Monday. Meanwhile, the Canadian dollar reached a high of Tk 89.15 on Monday and a low of Tk 88.53 on Wednesday.

The Indian rupee recorded its highest exchange rate at Tk 1.36 during the week.

Market analysts say the overall stability in foreign exchange rates reflects cautious trading amid steady demand and controlled market intervention by banks.

END/SMA/AJ