USD to BDT: US Dollar to Bangladeshi Taka
Convert US dollars to Bangladeshi Taka with the live interbank rate, updated hourly. The USD to BDT rate is critical for Bangladesh's $20 billion-a-year remittance economy, for the ready-made garment industry (which earns much of its revenue in dollars), and for the rising number of Bangladeshi students studying abroad. The Bangladesh Bank manages the Taka against a dollar reference rate with periodic adjustments.
About the USD to BDT rate
The Bangladeshi Taka and the dollar
The Bangladeshi Taka (BDT) operates under a managed float regime supervised by Bangladesh Bank. The bank intervenes through reserves to limit volatility but lets the rate adjust over time. In 2000 the USD to BDT rate was about 54. By 2010 it was 70. By 2020 it had crossed 85. In 2022-2023 the Taka came under significant pressure during the global dollar strength and fell to over 110 BDT per USD before partial stabilisation.
Bangladeshi diaspora and remittances
Bangladesh has about 13 million workers and migrants abroad, primarily in Saudi Arabia, UAE, Malaysia, Qatar, Kuwait, Oman, the US, and the UK. Remittances exceed $20 billion a year, equivalent to roughly 5 to 6 percent of GDP. The US is one of the top sources thanks to a large Bangladeshi-American community concentrated in New York City and other east coast metros.
Sending USD to Bangladesh
Top remittance providers from the US to Bangladesh include Wise, Western Union, MoneyGram, Remitly, bKash partner channels, and major Bangladeshi banks with US correspondent accounts. bKash mobile money is widely used inside Bangladesh and accepts cross-border deposits from many providers. Compare rate plus fee for each transfer; the best deal varies by amount.
Ready-made garments and USD
Bangladesh's ready-made garment (RMG) industry exports over $45 billion a year, making the country the world's second-largest garment exporter after China. Almost all RMG sales are invoiced in USD. The USD to BDT rate therefore directly affects RMG factory profit margins and Bangladesh's overall trade balance. A stronger dollar helps exporters but raises import bills for cotton, fabric, and machinery.
Bangladeshi students abroad
Tens of thousands of Bangladeshi students travel each year to the US, UK, Australia, Canada, Malaysia, and Europe for higher education. US graduate program costs typically run $30,000 to $70,000 per year all-in. Families converting BDT to USD for student support face significant rate risk; staggered transfers help smooth out the conversion cost.
USD to BDT historical context
Key levels: 80 BDT per USD held for most of the 2010s. 2022 was a turning point when the Taka came under pressure from rising global dollar strength and Bangladesh's widening current account deficit. Rates moved from around 85 to over 110 BDT per USD in 18 months, the most dramatic move since the 1990s. Recent reforms have stabilised the rate, but the long-term direction remains depreciating against the dollar.
The live USD to BDT rate is shown in the converter at the top of this page, updated hourly. Exchange rates fluctuate throughout the day based on global currency markets, central bank actions, and trading flows. The calculator gives you a real-time reference; the rate you actually pay through a bank, money changer, or remittance service includes a margin on top of this interbank rate.
Exchange rates between freely traded currencies are set by the global foreign exchange market, which trades around $7 trillion per day. The published interbank rate is the rate at which large banks exchange currency with each other. Retail rates (what you pay at a bank or money changer) include a margin of typically 0.5 to 4 percent above this interbank rate, depending on the provider.
Many factors drive currency rate changes: interest rate decisions by central banks (the State Bank of Pakistan, US Federal Reserve, etc.), trade flows between countries, foreign investment, government debt levels, political stability, inflation differentials, and global commodity prices (especially oil for currencies of importing countries). Short-term volatility can be a few percent a week; long-term trends can be 10 to 30 percent a year.
Very much. Pakistan receives over $25 billion a year in worker remittances, with major source countries including the United States and Gulf countries. Bangladesh receives over $20 billion a year in worker remittances, with the US, Saudi Arabia, and UAE being top sources. A 1 percent worse exchange rate on a $1,000 monthly remittance costs $120 per year. Comparing providers and watching rates can save meaningful amounts over time.
Compare a few providers before sending. Wise, Remitly, Western Union, Ria, MoneyGram, and your bank's remittance service all offer different rates and fees. Some providers waive fees but offer worse rates; others charge a fee with a better rate. The total cost is what matters. Pakistani Roshan Digital Account holders sometimes get preferential rates for incoming foreign currency.
Not exactly. The converter shows the interbank (mid-market) rate. Banks add a margin, typically 1 to 3 percent. Money changers in Pakistan often get within 0.5 percent of the interbank rate for cash transactions. Card transactions abroad usually convert at close to the interbank rate plus a small foreign-transaction fee from your card issuer.
Yes. Cash rates at money changers are often closer to interbank than card or wire transfer rates from banks. However, carrying large cash amounts has security and legal disclosure implications, especially for amounts above the customs threshold (US 10,000 equivalent at most borders). For most amounts, an electronic transfer through a competitive provider is the best balance of safety and rate.
The calculator handles one amount at a time. For bulk conversions, run the math manually using the per-unit rate: if 1 USD equals X BDT, then N USD equals N times X BDT. The calculator displays both the converted amount and the per-USD rate.
Yes. The Gizmoop currency converter is completely free. There is no signup required, and no transaction fee (because Gizmoop is not a money transfer service, just a free rate calculator). For actual money transfers, use a regulated provider.
No. Every calculation runs in your browser and is forgotten when you close the tab. Gizmoop does not log or track your inputs, amounts, or chosen currencies. The exchange rates themselves come from a public API.
Major forex markets close on weekends, so the published rate on Saturday and Sunday is usually the Friday closing rate. Real trading resumes Monday morning. Money changers in Pakistan and most countries still trade on weekends but typically at slightly worse rates because they cannot hedge against Monday opening risk.
The calculator is for general reference. For legal, tax, or accounting purposes (customs declarations, foreign income reporting, etc.), use the official exchange rate published by your country's central bank or tax authority for the relevant date. In Pakistan, the State Bank of Pakistan publishes official rates daily on its website.
Long-term currency trends reflect the relative economic strength of the two countries. The US Dollar versus Bangladeshi Taka relationship has its own history of devaluations, central bank interventions, and political events. Use the live calculator for current rates; for historical analysis, see central bank publications or financial data providers like XE, OANDA, or the IMF.