Textile & Apparel

Currency Evaluation Trends: Historical Data and Analysis

TexPro covers currency exchange rates for USD currencies against the local currency of more than 50 key countries. The historical data is covered for the last fives years to understand the trends.

Insights

  • The local currencies of Bangladesh , China , India, Turkey and Brazil as compared to USD were reported as BDT 118.13, CNY 7.15, INR 83.88, TRY 33.67 and BRL 5.56, for Aug 2024. The percentage change as compared to the same month last year were reported as 7.65%, -1.92%, 1.02%, 24.75% and 12.55% respectively.

Trend Report

The local currencies of Bangladesh , China , India, Turkey and Brazil as compared to USD has changed by a CAGR as 0.67%, -0.18%, 0.09%, 2.03% and 1.08% respectively in one year. Turkey local currency has depreciated the maximum among other reported countries in the last one year. The depreciation in Turkey local currency will reduce cost of manufacturing of garments in the country, thereby making it more cost competitive.