How does Backpack calculate its exchange rate?

As you may know, exchange rate fluctuates from time to time and we try to keep it adjusted with the current value in the market. 📈 For different currencies, the current exchange rates in our system are as follows:

1 US Dollar($) = 87 Taka

1 UK Pound(£) =  115 Taka

1 Indian Rupee(₹) = 1.25 Taka

🛎️ It's important to notice:

1. We determine these exchange rates based on the recent foreign currency sales rates at different Banks in Bangladesh.
2. People often try to search for the exchange rate in Google, but you can check for yourself that the rates shown in Google are always less than what the banks actually offer in reality. For example, the USD -> BDT rate shown in Google is always 1-2 Taka less than what you actually get at the banks.