BDT Currency Exchange Rate & Remittance Calculator
Convert foreign currencies into Bangladeshi Taka (BDT) and calculate the exact extra earnings from the Bangladesh Government's 2.5% wage earner cash incentive (Pranodona) for expatriate remittances.
Major Currency Benchmark Rates Against Bangladeshi Taka (BDT)
Reference bank rates compiled across Bangladesh commercial banking corridors.
| Currency | Symbol / Code | Official Bank Mid Rate | With 2.5% Remittance Incentive | Action |
|---|---|---|---|---|
| US US Dollar | USD ($) | ৳ 122.50 | ৳ 125.56 | |
| SA Saudi Riyal | SAR (ر.س) | ৳ 32.65 | ৳ 33.47 | |
| AE UAE Dirham | AED (د.إ) | ৳ 33.35 | ৳ 34.18 | |
| EU Euro | EUR (€) | ৳ 133.20 | ৳ 136.53 | |
| UK British Pound | GBP (£) | ৳ 157.80 | ৳ 161.75 | |
| MY Malaysian Ringgit | MYR (RM) | ৳ 28.40 | ৳ 29.11 | |
| KW Kuwaiti Dinar | KWD (د.ك) | ৳ 398.50 | ৳ 408.46 |
How Remittance Incentive & Exchange Rates Work in Bangladesh
Bangladesh's foreign exchange landscape operates under a crawling peg band mechanism introduced by Bangladesh Bank. For overseas wage earners sending money home to families or personal savings accounts, the formal banking route provides an immediate 2.5% Government Cash Subsidy (Pranodona) directly credited without deductions.
Sending money through unofficial channels (such as Hundi) is illegal under the Foreign Exchange Regulation Act 1947, does not qualify for the 2.5% incentive, and risks confiscation. When using scheduled banks or verified fintech gateways like bKash Remittance, the funds arrive directly in Bangladeshi Taka with full sovereign protection.
Frequently Asked Questions
What is the Bangladesh government 2.5% remittance incentive (Pranodona)?
The Government of Bangladesh provides a 2.5% instant cash incentive on foreign inward remittances sent by expatriate wage earners through official legal banking channels, authorized exchange houses, or Mobile Financial Services (MFS like bKash/Nagad). For every 100,000 BDT sent, the beneficiary in Bangladesh receives 102,500 BDT directly credited without any tax deduction.
What is the difference between the official bank rate and the open market (kerb) rate in Bangladesh?
The official bank rate is regulated under Bangladesh Bank crawl-band guidelines and applied to formal trade letters of credit (LCs) and legal inward remittances. The kerb or open market rate is the rate used by licensed money changers for physical foreign currency cash notes for travelers.
How do I legally send remittance to Bangladesh to claim the 2.5% incentive?
Remitters can send funds through foreign exchange houses partnered with Bangladeshi scheduled commercial banks (e.g. Islami Bank, Sonali Bank, BRAC Bank, City Bank) or digital remittance apps (TapTap Send, Remitly, Western Union, Wise). No paperwork is required for transfers up to USD 5,000 (or equivalent); transfers above this may require proof of employment or wage earner identification.
How often are the exchange rates updated?
The benchmark reference rates in our calculator are updated regularly against commercial bank interbank closing averages and Bangladesh Bank monetary announcements. Always verify the instantaneous spot rate with your specific bank before finalizing wire transactions.