The Pakistani rupee used the term taka on official notes and coins after the partition of Bengal in 1947. However, the Bangladeshi Taka Exchange has existed independently since 1972, a year after the country’s independence. BDT is most often exchanged for US dollars (USD).

Bangladesh Bank is in charge of issuing bank notes of Tk 100 and up, whereas the government of Bangladesh’s ministry of finance is in charge of issuing bank notes worth Tk 2 and Tk 5. Not to mention, Bangladesh has released more than 9 series of bank notes since 1972.

You’ll need to change your currency to the Bangladeshi taka whether you’re traveling to Bangladesh or sending money there. When making remittances, you may also be concerned about fees, currency rates, and how to receive the most taka for your money.

Therefore, it is critical to select the appropriate transfer mechanism. In addition, it’s also beneficial to have a broader grasp of the various factors to consider when transferring money to Bangladesh. As a result, you should seek advice from professionals in the field.

1. Approach market with confidence.
2. Take your business growth above and beyond.
3. Learn about and take advantage of new opportunities.
4. Ensure a secure transaction with full compliance.

1. The Bangladesh taka’s currency sign is BDT, which is used in foreign exchange markets (forex) to convert taka for units of other currencies, for example, US dollars. The rate of exchange between these two currencies is usually stated as a ratio (USD/BDT).

2. When obtaining rates for the taka’s exchange rate against any other currency, BDT is included in the quoted ratio. The advertised rate for exchanging taka to euros, for example, is EUR/BDT. The exchange rate of BDT to major currencies, on the other hand, had historically displayed a downward tendency, showing the currency’s weakening.

3. Furthermore, between 2010 and 2020, the trend steadied at a rate of 74 to 84 BDT to 1 USD and 83 to 108 BDT to 1 EUR. These range’s predictability has undoubtedly aided the country’s chances of attracting international investment. As a result, the country’s textile and pharmaceutical industries have seen a significant improvement in productivity.

4. These industries employ a vast number of people, accounting for 82 percent of males and 36 percent of women in the workforce. For the most of the decade, the GDP increased at a rate of 5 to 8% per year, exceeding local inflation and improving local purchasing power.

 NetworkBD will help you get the most out of your currency exchange

Are you getting ready to exchange your dollars, euros, pounds, or another money for Bangladeshi takas? You have two choices, go through your bank or use a specialized money transfer business.

To begin with, going through a bank can be a bother because banks sometimes put restrictions on the amount of currency exchange. As a result, in order to transfer your desired amount, you will have to go through a tough and lengthy process. Furthermore, banks impose exorbitant service fees and exchange rates.

Specialist financial service providers, on the other hand, will take care of it in no time. They can do the project in a quick period of time because they have a larger network. Furthermore, the specialists and experts are well-versed in their field. As a result, they will be able to perform the task more quickly and efficiently.

Furthermore, because professionals require less time, they may provide a low-cost solution. We offer a comprehensive range of financial services. Our cost-effective expert financial solutions are setting the standard for customer service in the country. Contact one of our professionals for a step-by-step walkthrough of the currency conversion process, and you’ll be stress-free in no time.