Foreign Exchange Guide to Bangladesh
The domestic currency in Bangladesh is the Bangladeshi Taka with currency code BDT. Read this foreign exchange guide to Bangladesh and the Bangladeshi Taka with money transfer and travel tips plus Bangladeshi Taka exchange cross rates.
In this guide we review :
- Bangladeshi Taka info - general info about the Bangladeshi Taka
- Bangladeshi Taka in the markets - recent BDT moves and predictions from the FX markets
- Travelling in Bangladesh - currency & money saving tips
- Buying Bangladeshi Taka cash online - travel money for Bangladesh
- Sending money to Bangladesh - save on Bangladeshi Taka bank transfers to Bangladesh
- Bangladeshi Taka exchange rates - latest & historic exchange rates.
Bangladeshi Taka (BDT) general currency information
What is the Bangladeshi Taka currency code and symbol?
The three letter currency code for the Bangladeshi Taka is BDT and the symbol is ৳.
Which countries use the Bangladeshi Taka?
It is the domestic currency in Bangladesh.
Bangladeshi Taka (BDT) in the markets
The interactive chart below shows the BDT to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.
Travel, Currency and Money saving tips for Bangladesh
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.
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.
Bangladesh Trip Checklist
- Compare BDT travel cash rates - probably why you are here!
- Search Hotel deals - Save on your accomodation in Bangladesh
- Lonely Planet - world's best travel guide (coupon and deals)
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.
Travel Money for Bangladesh
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 foreign-transfer exchange 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 here).
Getting a better deal when sending money 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Bangladeshi Taka amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted BDT amount will be transfered to the recipient account you specify in Bangladesh.
Use our Send to BDT 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!