Bangladeshi Taka

Bangladeshi Taka

The Bangladeshi taka (Bengali: টাকা, sign: ৳ or Tk, code: BDT) is the currency of the People's Republic of Bangladesh. Issuance of banknotes ৳10 and larger is controlled by Bangladesh Bank, and for the ৳2 and ৳5 banknotes, which are the responsibility of the Ministry of Finance of the government of Bangladesh. The most commonly used symbol for the taka is "৳" and "Tk", used on receipts while purchasing goods and services. ৳1 is subdivided into 100 poisha.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

109 Bangladeshi Taka to British Pound exchange rates chart

109 BDT to GBP exchange rates graph
109 BDT to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

109 BDT to GBP exchange rates table

Exchange BDT to GBP
109 Bangladeshi Taka = 1.000 British Pound
218 Bangladeshi Taka = 2.000 British Pound
545 Bangladeshi Taka = 5.001 British Pound
1090 Bangladeshi Taka = 10.002 British Pound
Exchange Bangladeshi Taka to British Pound
109 Bangladeshi Taka to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

109 BDT to GBP exchange rates news

Local exporters on edge

Bangladesh has been losing its competitiveness in global trade as many of its competing countries' currencies have depreciated more than the taka. In the last one year, the local currency has lost 3.71 percent of its value against the US dollar, while the currencies of some other competing countries depreciated more than 10 percent. For instance, in the last one year, the Indian rupee depreciated 13.58 percent against the greenback, followed by the Indonesian rupiah at 12.79 percent, the Sri Lankan rupee at 11.39 percent and the Chinese yuan at 5.35 percent.

indicative positive
Bangladesh drafts new legislation seen targeting press freedom

Bangladesh has drafted a bill that would punish media outlets if they publish or broadcast anything deemed to be against the "public interest", in a move that journalists fear could further stifle press freedom in the south Asian country.

conditional negative
6 things you should do to prepare for the next recession

Kirill Kolchanov/Strelka InstituteDon't change your investment strategy. Your long-term savings will regain their value over time.Market fluctuations are a

imperative neutral
Staggering photos show what daily life is really like in Dhaka, the most crowded city in the world

More than 19.5 million people live in Dhaka, the capital of Bangladesh. Daily life in Dhaka revolves around local markets and the Buriganga river.

indicative positive
Bangladesh’s First Angel Investment Network Bangladesh Angels Launches In Dhaka
Bangladesh’s First Angel Investment Network Bangladesh Angels Launches In Dhaka

Bangladesh Angels, Bangladesh’s first angel investing network, has officially launched its operation in Dhaka. The platform aims to bring together the leaders in the local entrepreneurial ecosystem and global partners and nurture the innovation and entrepreneurship in Bangladesh by connecting startups to both local and global investors.

subjunctive positive
Brexit Latest: British Pound Recovers as UK PM May Announces Deal

UK Prime Minister Theresa May and her cabinet have agreed to a Brexit deal with the European Union. The Brexit saga isn’t over yet, though.

indicative positive
British Pound Wavers On Brexit Milestone - Swissquote

British Pound Wavers on Brexit Milestone - Swissquote

conditional neutral
GBP/JPY Price Forecast - British pound finds a bit of support against yen

The British pound pulled back against the Japanese yen initially during the trading session on Friday but found enough support near the ¥147 level to turn around and form a hammer. This hammer suggests that we are trying to break towards the upside but there is so much in the way of noise between here and the ¥150 level that I think we will find sellers.

conditional positive
Exchange Rates Update Today: British Pound Awaits UK Labour Data, Euro Under Pressure, US Dollar Strength Ensues

The British Pound (GBP) posted heavy losses against the Dollar (USD) on Monday, as the Euro (EUR) also posted heavy losses.

conditional negative

109 BDT to GBP currency converter