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Bangladesh - Bangladeshi Taka - Currency Guide

 

Foreign exchange guide to Bangladesh and the Bangladeshi Taka (BDT)

     

SGD/BDT 90-day view

SGD/BDT at 62.16 is a little above its 90-DAY average, range 60.74 - 62.52 .
|
90-DAY-HIGH (1d)
 
Recent SGD to BDT 90-day trend
   

BDT News, Forecasts and Trends

Migrant workers from Asia’s developing countries, such as Bangladesh, have been sending home record amounts of money in recent months, defying pandemic expectations and propping up home economies at a critical time. However, it appears workers are just sending money home in advance of their own return due to a bleak job market, particularly in the Middle East.

The above interactive chart shows the SGD to BDT exchange rate, trend and recent alerts for the last 90 days.

Singapore Dollar to Bangladeshi Taka - Historical Rates

SGD/BDT rateChangePeriod
14 Sep 2020 : 62.15170.2% ▲1 Week
22 Aug 2020 : 61.83480.7% ▲30 Days
23 Jun 2020 : 61.02982% ▲90 Days
22 Sep 2019 : 61.35371.5% ▲1 Year
23 Sep 2015 : 54.698613.8% ▲5 Years
24 Sep 2010 : 52.647318.2% ▲10 Years

SGD/BDT 10 year historic rates & change to 21-Sep-2020 : 62.2467

 

S$10,000 SGD
=
৳621,365 BDT

Converted at SGD/BDT interbank rate, compare Send Money and Currency Exchange exchange rates.

Singapore Dollar to Bangladeshi Taka - Quick Conversions

SGD BDT
S$ 1 62.14
S$ 5 310.70
S$ 10 621.40
S$ 20 1,243
S$ 50 3,107
S$ 100 6,214
S$ 250 15,535
S$ 500 31,070
S$ 1,000 62,140
S$ 2,000 124,280
S$ 5,000 310,700
S$ 10,000 621,400
S$ 50,000 3,107,000
S$ 100,000 6,214,000
More amounts
SGD BDT
S$ 0.0161 ৳ 1
S$ 0.0805 ৳ 5
S$ 0.1609 ৳ 10
S$ 0.3219 ৳ 20
S$ 0.8047 ৳ 50
S$ 1.6094 ৳ 100
S$ 4.0235 ৳ 250
S$ 8.0470 ৳ 500
S$ 16.09 ৳ 1,000
S$ 32.19 ৳ 2,000
S$ 80.47 ৳ 5,000
S$ 160.94 ৳ 10,000
S$ 804.70 ৳ 50,000
S$ 1,609 ৳ 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Bangladesh?

The domestic currency in Bangladesh is the Bangladeshi Taka.

What is the Bangladeshi Taka currency code and symbol?

The three letter currency code for the Bangladeshi Taka is BDT — symbol is .

Which countries use the Bangladeshi Taka?

It is the domestic currency in    Bangladesh.

Is the Bangladeshi Taka a closed currency?

No, the Bangladeshi Taka is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Bangladesh

Bangladesh is braided together by more than 700 rivers, producing a deliciously lush landscape with more shades of green than you ever imagined. Travelling by boat is a way of life here, and provides a fabulous opportunity to see the country from a more unusual angle. Whether you're travelling to hectic Dhaka or to the Sundarbans' mangrove forests, boats large and small will help you explore Bangladesh's riches. Bangladesh has the eighth largest population in the world, the official Bengali language  is the tenth-most spoken language in the world, which Bangladesh shares with the neighboring Indian states of West Bengal and Tripura.

Can I use Credit Cards in Bangladesh?

The Taka (BDT) is the official currency and is set by market forces.Until recently even exchange outlets would only change $US into Taka (BDT), but as the economy expands this has improved and so many other popular currencies are now accepted. Visa, MasterCard and AmEx are accepted at many shopping centres, hotels, restaurants and other tourist hotspots. However, you should always carry some cash with you just in case.

It’ll be a lot harder to find places that accept card payments once you venture out to more rural areas. ATMs and foreign exchange kiosks are also less common here, so be sure to withdraw enough cash ahead of time.

ATMs are widely available in major cities and tourist areas, but less so in villages and more rural areas. Most ATMs accept Visa (Plus), MasterCard (including Maestro and Cirrus) and AmEx. ATMs often offer the best exchange rate possible, because conversions are worked out using the mid-market rate. However, this only holds true if you perform the transaction in the local currency.

How to get around in Bangladesh?

Citizens of most countries require a passport to gain entry so be sure to check on this before leaving. There are plenty of options for getting around while you are there, however long distance transport can be very busy so it can help to book ahead when possible. Try to have a time buffer as when transport gets very busy some timetables can be unreliable. Bus is a popular way to get around and is often cheap, but of also very crowded. Bangladesh has thousands of inland waterways so hiring a boat to get from one village to another is common practice and could make for a nice change of pace. Taking a river trip is a quintessential Bangladesh experience, and we recommend you do it as often as you can, from hand-poled river ferries to the old paddle-wheel steamers known as Rockets.

Will I need a Visa for Bangladesh?

You'll need a visa to enter Bangladesh. If your visit is for official, business, investment or tourism purposes, you may be eligible for a one-month visa-on-arrival. In other circumstances, you'll need to get a visa before your travel.

The mangrove forests and tigers of the Sundarbans National Park are Bangladesh's most famous attraction, but the country has a host of lesser-known attractions that are waiting to be discovered. Highlights include the Buddhist remains at Paharpur and the 15th-century mosques and mausoleums of Bagerhat, both of which are Unesco World Heritage Sites. While modern Bangladesh is majority Muslim, its hill tracts are still home to Buddhist and Christian Adivasi tribal peoples, while temples in Dhaka and beyond attest to the influence of Hindu culture on the country.

This isn't a destination to be rushed. Poor infrastructure and an undeveloped tourist industry means that you’ll be left frustrated if you’re trying to travel in too much of a hurry.

 

Travel money for Bangladesh

Save money and time by Ordering your Bangladeshi Taka online from Travelex, you get better rates and can pick up the BDT cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Bangladeshi Taka otherwise you may get much worst exchange rates.

 

Sending money to Bangladesh

When searching around for information on how to get a good exchange rate when sending money to Bangladesh you need to start with finding out the latest Bangladeshi Taka exchange rate for foreign-transfers, which can be very different to the wholesale rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers to Bangladesh

When sending money to Bangladesh it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Bangladeshi Taka amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted BDT amount will be transfered to the recipient account you specify in Bangladesh.

Use the above Send to Bangladeshi Taka calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Bangladeshi Taka deposited into the recipient bank account and less margins and fees kept by the banks!


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