Enamul Hafiz Latifee writes,
It seems interesting to me, at post-brexit situation, when GBP (Pound Sterling) lost value (see the graph, 1st-2nd stage) against of BDT (Taka), immediately Ready-made Garments (RMG) imports by United Kingdom Importers declined and continued to 3rd stage following the same motive, and when GBP became slightly powerful against of BDT (3rd to 4th stage), the RMG imports by the UK from Bangladesh rose very highly. However, in the way it becomes interesting that- we expect apparently slow concurrent consequences of change in exchange rate on imports with some 'lag effects' though the graph below is showing a fast adjustment between these two.
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| Data Source: ITC Trade Map and Bangladesh Bank; Data Illustration: Latifee, E. H., 2016. |
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