1 USD to BDT - Convert US Dollar to Bangladeshi Taka

Looking at the 30-day window, the USD/BDT pair traded in a range of 119.4009 to 126.1478. The monthly average was 122.6363 with 1.75% volatility. The relatively low volatility indicates stable trading conditions for the USD/BDT currency pair.

The current mid-market exchange rate is 1 USD = 123.2697 BDT, updated as of July 3, 2026, 12:19 PM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

US Dollar to Bangladeshi Taka Exchange Rate

Bangladesh has quietly become one of the world's largest garment exporters and a top remittance-receiving country. Over 10 million Bangladeshi workers abroad send home more than $21 billion a year, mostly in dollars. The USD/BDT rate determines how much those earnings are worth when they arrive, directly affecting millions of households across the country.

The Garment Factory Floor Rate

Bangladesh produces roughly 7% of the world's clothing, second only to China. Brands like H&M, Zara, and Primark source billions of dollars worth of garments from Bangladeshi factories every year. These export earnings bring dollars into the country, supporting the taka. But the country also imports nearly all of its energy and raw materials in dollars, creating constant pressure in the other direction. When global cotton or oil prices spike, the taka feels it on both sides of the equation.

What Drives the USD/BDT Rate

Bangladesh Bank manages the taka's value through a crawling peg system. Foreign reserve levels, garment export revenues, remittance inflows, energy import costs, and inflation are the key drivers. The country underwent a sharp devaluation in 2022-2023 as reserves dropped and import costs surged. IMF program conditions have also influenced recent rate adjustments.

What a Conversion Really Costs

Banks charge 2-4% above the official rate on remittances to Bangladesh. Mobile money services and digital remittance apps have improved pricing significantly, offering rates within 0.5-1.5% of mid-market. On a $500 monthly remittance, the difference between a bank and a digital service can be $10-15, which adds up to $120-180 over a year.

How to Get the Best USD to BDT Rate

Compare the rate on this page with what your provider offers. Digital remittance services are almost always cheaper than banks for this corridor. If you send monthly, even a small rate improvement compounds into meaningful savings over a year.