Bangladesh Taka Will Extend Slide on Election, Tariffs, BMI Says

The Bangladesh taka is set to extend this year’s decline due to potential political instability in the South Asian country and the increase in US tariffs, according to BMI, a unit of Fitch Solutions.

The currency is forecast to average 125 per dollar over the year as a whole, said Sayaka Shiba, senior country risk analyst at the research firm in Singapore. That compares to an average of 115.35 during 2024 and Tuesday’s close of 121.86, according to data compiled by Bloomberg.

The taka has been weakening since the central bank shifted to a more market-determined exchange rate in ...