Compare today's EUR to BDT (Euro to Bangladeshi Taka) exchange rates
📈 Italy to Bangladesh Money Transfer Snapshot Today
- Best EUR to BDT exchange rate today: BDT 142.4000, offered by Remitly
- Number of money transfer providers compared: 15
- Exchange rate range: BDT 137.9496 to BDT 142.4000
- Potential savings on EUR 1000: BDT 4,450.40
- Number of deals and promo codes: 10
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to BDT exchange rate before providers add their margin or fees. exchange rate: 1 EUR = BDT 141.5491 (Updated about an hour ago)
See detailed Italy to Bangladesh money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 New! Cash pickup available
📢 Get promotional rate on your first transfer
📢 B2B transfers only
📢 Special exchange rate applied for first transfer
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's EUR-BDT exchange rates mean for you
Compare today's EUR-BDT exchange rates and send money from Italy to Bangladesh after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 15 providers that you can rely on for Italy to Bangladesh money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Italy to Bangladesh Providers
🥇 Remitly with 1 EUR = 142.4000 BDT (best EUR to BDT exchange rate today).
🥈 TalkRemit offering 1 EUR = 142.1928 BDT.
🥉 Sendwave & Instarem are also providing good FX rate today.
The exchange rate provided by these 15 providers ranges from BDT 137.9496 to BDT 142.4000. For a EUR 1000 money transfer from Italy to Bangladesh, that could mean up to BDT 4,450.40 saved on FX alone.
EUR-BDT exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final BDT payout that your recipient gets in Bangladesh.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Italy to Bangladesh remittances.
🔄 Looking for the reverse corridor? Send money from Bangladesh to Italy instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Italy.
👇 We also suggest looking beyond today's EUR-BDT exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst EUR-BDT exchange rate is crucial, historical data shows that transfer fees, EUR amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Italy to Bangladesh historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your BDT payout.
Data-driven cost insights for Italy to Bangladesh money transfers
When you send money internationally from Italy to Bangladesh, the key factors that will influence the overall cost of your transaction are:
- EUR-BDT exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum BDT payout for your overseas recipient in Bangladesh.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Italy to Bangladesh, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Italy to Bangladesh money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 719 actual Italy to Bangladesh money transfers handled by 20 providers over the last 5 years (for a EUR 140 remittance benchmark).
This data-driven approach using real EUR-BDT transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Italy to Bangladesh money transfers
- Average total cost: 6.70% (range -4.12% to 39.12%, spread 43.24 percentage points)
- Potential payout difference: On a EUR 140 transfer, the above variation can save you up to EUR 60.54.
- Average FX markup: 3.49% (range -4.12%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 18.33%, spread 22.45 percentage points) - Average transfer fee: EUR 4.49 (range EUR 0.00 to EUR 50.50)
- Cheapest payment/delivery method combo: Bank Account Transfer → Cash Pickup (3.72% avg cost); most expensive is Bank Account Transfer → Bank Deposit (13.38%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 9.65% (EUR 13.52 on EUR 140 transfer).
- Market coverage: ~20 providers on average (competition level: competitive)
- Average speed: About 21 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Italy to Bangladesh money transfers.
📈 EUR to BDT exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Italy to Bangladesh money transfers is usually the single biggest factor that will determine your overall EUR cost and your recipient's BDT payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a EUR 140 money transfer benchmark, we see the following FX markup ranges for Euro to Bangladesh transfers:
- Average markup: 3.49%
- Median markup: 2.53%
- Lowest markup: -4.12%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 18.33%
That is a spread of 22.45 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a EUR 140 transfer, the above markup range is equivalent to roughly BDT 31.43 purely from differences in the exchange rate. That incremental saving increases to BDT 77.45 for a EUR 345 transfer.
🛠️ How to use this insight: When comparing providers for Italy to Bangladesh remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
EUR to BDT exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Italy to Bangladesh remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Euro reaches your recipient in Bangladesh.
Based on data from last 5 years, we notice the below about Euro to Bangladesh money transfer fees:
- Average fee: EUR 4.49
- Median fee: EUR 2.99
- Lowest fee: EUR 0.00
- Highest fee: EUR 50.50
The average fee amount of EUR 4.49 noted above represents 3.21% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by EUR 50.50.
🛠️ How to use this insight: For your next money transfer from Italy to Bangladeshi Taka, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for EUR-BDT remittances
Based on our detailed analysis of historical Italy to Bangladesh data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Bangladesh from Italy:
- Credit Card: 5.53%
- Debit Card: 5.54%
- Cash: 6.41%
- Bank Account Transfer: 11.42%
That is a total spread of 5.89 percentage points.
This means that on a EUR 140 transfer, you could save up to EUR 8.25 simply by choosing the best priced payment method.
These savings will only multiply for higher EUR amounts.
Here is the average cost of popular delivery methods used to send money from Italy to Bangladesh:
- Mobile Wallet: 5.86%
- Cash Pickup: 6.08%
- Bank Deposit: 7.60%
The cost difference between the above delivery methods is 1.75 percentage points.
Once again, this means that you could save up to EUR 2.44 on a EUR 140 transfer to Bangladesh by choosing Mobile Wallet versus Bank Deposit.
As you can imagine, the possible combinations of Italy payment methods and Bangladesh delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Italy to BDT money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Cash Pickup | 3.72 |
| Debit Card | Bank Deposit | 5.35 |
| Credit Card | Bank Deposit | 5.35 |
| Credit Card | Cash Pickup | 5.58 |
| Debit Card | Cash Pickup | 5.61 |
| Debit Card | Mobile Wallet | 5.77 |
| Credit Card | Mobile Wallet | 5.85 |
| Cash | Cash Pickup | 6.22 |
| Cash | Bank Deposit | 6.70 |
| Bank Account Transfer | Bank Deposit | 13.38 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these EUR-BDT payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Cash Pickup has the lowest average cost at 3.72%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 13.38%.
- Bank Account Transfer → Cash Pickup average cost is 9.65 percentage points lower than that of Bank Account Transfer → Bank Deposit.
- This means that on a EUR 140 money transfer, you could save up to EUR 18.73 simply by choosing the best payment and delivery method combo.
- Further, on a EUR 345 money transfer, the savings increase to EUR 46.16.
Here is a quick summary of the average historical cost of various payment and delivery methods for EUR to Bangladesh money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Credit Card averaged 5.53%, compared to 11.42% for Bank Account Transfer, a difference of 5.89 percentage points.
- Cheapest delivery method: Mobile Wallet averaged 5.86%, compared to 7.60% for Bank Deposit (1.75 percentage points higher).
- Cheapest combo: Bank Account Transfer → Cash Pickup averaged 3.72%, which is 9.65 percentage points lower than Bank Account Transfer → Bank Deposit (13.38%).
🛠️ How to use this insight: As you compare money transfer providers for your next Italy to Bangladesh international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Italy to Bangladesh remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for EUR-BDT remittances?
When we compared Italy banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 10.44 percentage points more on average than money transfer providers for Italy to Bangladesh remittances.
This means banks tend to be approximately 2.78x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | EUR 22.12 | EUR 2.94 | EUR 19.17 |
| Exchange rate markup | 0.50% | 3.75% | -3.25 pp* |
| Average total cost (%) | 16.30% | 5.86% | 10.44 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Italy may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in Italy, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of EUR-BDT money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending EUR 140 vs EUR 345 from Italy to Bangladesh.
We found that sending a higher amount (EUR 345) tends to be cheaper - average cost drops from 6.70% to 5.05%, a reduction of 1.65 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Euro amounts to Bangladesh, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Italy to Bangladesh remittance market?
Based on data from the last 5 years, EUR-BDT money transfers are provided on an average by 20 remittance companies. With around 20 providers serving this market, we consider the level of competition to be competitive.
Traditional banks have represented only 25% of active providers in this corridor (5 out of 20), meaning money transfer companies make up the majority.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Italy to Bangladesh remittances.
⏱️ How fast are EUR-BDT money transfers?
If your recipient in Bangladesh needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Italy to Bangladesh transfers when it comes to processing time:
- Average transfer time: About 21 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at EUR 140: About 21 hours.
- Average speed at EUR 345: About 21 hours.
Banks vs money transfer providers speed comparison: Banks take 53 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Italy to Bangladesh in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Bangladesh.
Italy to Bangladesh transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Italy to Bangladesh money transfers
These FAQs use data from RemitFinder's historical analysis of Italy to Bangladesh money transfers over several years.
What factors affect the total cost of sending money from Italy to Bangladesh?
The total cost of your EUR-BDT money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Italy to Bangladesh transfers?
Historical EUR to BDT exchange rate markup ranges from -4.12% to 18.33%, a spread of 22.45 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can EUR-BDT exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative EUR-BDT exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Italy to Bangladesh transfers?
Exchange rate markup ranges from -4.12% to 18.33% (a spread of 22.45 percentage points).
Transfer fees range from EUR 0.00 to EUR 50.50, which equals roughly 36.07% on a EUR 140.00 transfer.
At EUR 140.00, the larger driver of overall cost is the transfer fee, whilst at EUR 345.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Italy to Bangladesh transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger EUR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most BDT for your EUR.
How much can Italy to Bangladesh transfer costs vary between providers?
Historical transfer cost ranges from -4.12% to 39.12% for EUR transfers to Bangladesh. That is a spread of 43.24 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -4.12% to 18.33% (a spread of 22.45 percentage points). Thus, even small differences in FX margin can have a big impact on the final BDT payout.
Why do various money transfer providers price EUR to Bangladesh transfers differently?
If you send the same Euro amount to Bangladesh via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final BDT payout in Bangladesh in a big way.
How stable are transfer costs in the Italy to Bangladesh corridor?
When we analyzed the historical total cost for EUR-BDT transfers, we observed a range from -4.12% to 39.12% (43.24 percentage points difference), along with a variability (standard deviation) of 6.28%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -4.12% to 18.33% (22.45 percentage points difference), with a standard deviation of 4.10%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your EUR-BDT transfers.
Which payment method is cheapest for Italy to Bangladesh remittances?
Credit Card is the cheapest payment method in Italy based on its average cost at 5.53% (compared to Bank Account Transfer at 11.42%, a difference of 5.89 percentage points).
Based on this, we recommend paying for your EUR transfer with Credit Card, and avoiding Bank Account Transfer if possible.
Is Debit Card cheaper than Credit Card for Italy to Bangladesh transfers?
Credit Card is cheaper on average when sending money to Bangladesh from Italy since it costs 5.54% (compared to 5.53% for Credit Card payments, a difference of 0.00 percentage points).
As a result, we recommend that you avoid paying for your transfer to Bangladesh with a Credit Card.
Which delivery method is cheapest for EUR-BDT money transfers?
Mobile Wallet is the cheapest delivery method in Bangladesh as it costs 5.86% (compared to Bank Deposit at 7.60%, a spread of 1.75 percentage points).
If your recipient in Bangladesh can accept Mobile Wallet, we recommend choosing it as your preferred delivery option for EUR-BDT transfers.
Is Bank Deposit cheaper than Cash Pickup for Italy to Bangladesh transfers?
Cash Pickup is cheaper for transfers to Bangladesh given its 7.60% average cost (versus 6.08% for Cash Pickup, a difference of 1.52 percentage points).
To save more, consider choosing the cheapest delivery option for Bangladesh.
What is the cheapest way to send money from Italy to Bangladesh?
We evaluated 10 payment and delivery method combinations for Italy to Bangladesh remittances.
Based on historical data, Bank Account Transfer → Cash Pickup is the cheapest combination with 3.72% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 13.38% cost. That is a difference of 9.65 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Italy to Bangladesh remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your EUR-BDT transfers.
Does sending more money reduce the cost for Italy to Bangladesh transfers?
Larger EUR-BDT transfers are cheaper on average.
The cost of a EUR 140 transfer averages 6.70% as compared to 5.05% for a EUR 345 transfer, a difference of 1.65 percentage points.
How long does it take to send money from Italy to Bangladesh?
Based on our analysis, the average transfer time for EUR-BDT transfers is 21 hours, with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from Italy to Bangladesh?
Yes, historical data shows that some transfers to Bangladesh from Italy can complete in less than one hour.
Note that the actual speed of your EUR-BDT transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Italy to Bangladesh?
Banks in Italy are more expensive than money transfer providers.
The average cost of banks is 16.30% compared to 5.86% for money transfer providers in Italy, a difference of 10.44 percentage points.
Why do banks charge more for Italy to Bangladesh transfers?
Bank transfers in Italy cost 16.30% compared to 5.86% for money transfer companies.
The difference is often due to the fact that banks in Italy provider lower exchange rates and charge high wire transfer fees.
How competitive is the Italy to Bangladesh remittance market?
Based on historical data, the competition level in Italy to Bangladesh is considered competitive with 20 active providers.
Money transfer providers represent about 75% of identified providers in Italy.
Do I risk overpaying if I do not compare providers for Italy to Bangladesh?
Historically, total EUR-BDT transfer cost has varied by 43.24 percentage points. On a EUR 140 transfer, that can translate to EUR 60.54 in savings.
EUR-BDT exchange rate markup also varies across providers. The average markup spread has been about 22.45 percentage points. On a EUR 140 transfer, that could be EUR 31.43 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about EUR 50.50 across providers.
That is why comparing providers can materially change how much of the EUR you send does your recipient receive in Bangladesh in Bangladesh.
Latest EUR to BDT Conversion Rates
Here are some latest EUR to BDT (Euro to Bangladeshi Taka) exchange rates for popular conversion amounts*.
| 1 EUR | 141.55 BDT |
| 5 EUR | 707.75 BDT |
| 10 EUR | 1,415.49 BDT |
| 25 EUR | 3,538.73 BDT |
| 50 EUR | 7,077.46 BDT |
| 100 EUR | 14,154.91 BDT |
| 150 EUR | 21,232.37 BDT |
| 200 EUR | 28,309.82 BDT |
| 250 EUR | 35,387.28 BDT |
| 300 EUR | 42,464.73 BDT |
| 400 EUR | 56,619.64 BDT |
| 500 EUR | 70,774.55 BDT |
| 600 EUR | 84,929.46 BDT |
| 700 EUR | 99,084.37 BDT |
| 800 EUR | 113,239.28 BDT |
| 1000 EUR | 141,549.10 BDT |
| 1500 EUR | 212,323.65 BDT |
| 2000 EUR | 283,098.20 BDT |
| 2500 EUR | 353,872.75 BDT |
| 3000 EUR | 424,647.30 BDT |
| 4000 EUR | 566,196.40 BDT |
| 5000 EUR | 707,745.50 BDT |
| 10000 EUR | 1,415,491.00 BDT |
| 15000 EUR | 2,123,236.50 BDT |
| 20000 EUR | 2,830,982.00 BDT |
| 30000 EUR | 4,246,473.00 BDT |
| 40000 EUR | 5,661,964.00 BDT |
| 50000 EUR | 7,077,455.00 BDT |
| 100000 EUR | 14,154,910.00 BDT |
*Based on the Mid-market Exchange Rate
1 Based on 719 pricing observations across 20 firms over the last 5 years for a EUR 140 money transfer from Italy to Bangladesh. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Italy to Bangladesh remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.