DHAKA, Mar 27 (V7N) – Following the Eid-ul-Fitr holidays, the Bangladesh foreign exchange market saw only two days of regular banking activities this week. During this shortened window, the US Dollar maintained a stable position, while several other major global currencies experienced a slight depreciation against the Bangladeshi Taka.

According to data from NCC Bank and market observers, the exchange rates on Sunday and Monday reflected a cautious trading environment as businesses resumed operations.

Major Currency Exchange Rates (March 22–23, 2026)

Currency Highest Rate (BDT) Lowest Rate (BDT) Market Sentiment
US Dollar (USD) 123.20 123.20 Stable
British Pound (GBP) 165.00 164.62 Decreased
Euro (EUR) 142.47 142.06 Decreased
Canadian Dollar (CAD) 89.85 89.84 Steady
Singapore Dollar (SGD) 96.00 95.80 Stable
Australian Dollar (AUD) 86.35 86.02 Decreased
Saudi Riyal (SAR) 32.84 32.80 Unchanged
Malaysian Ringgit (MYR) 31.00 30.90 Stable
Indian Rupee (INR) 1.33 1.32 Stable

Market Analysis

The stability of the US Dollar at 123.20 BDT is attributed to the central bank's continued market interventions and the steady inflow of remittances during the Eid period. However, the British Pound and Euro saw a downward trend, likely influenced by fluctuating energy prices in Europe linked to the ongoing Middle East conflict.

Regional currencies like the Saudi Riyal and Malaysian Ringgit remained largely unchanged, providing some predictability for the thousands of expatriates sending money home post-festival. The Indian Rupee also held firm at 1.33 BDT, facilitating stable cross-border trade for essential commodities.

Financial analysts suggest that while the market remained quiet this week due to the holidays, volatility may increase next week as full-scale industrial and import activities resume.

END/SMA/AJ