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Traders and traders in Arab and foreign currencies follow the daily rate of the US dollar, as well as Arab currencies, "Saudi riyals and European currencies", whose prices are related to banks or the black market, mainly the performance of the US dollar. 39, Egyptian economy which, recently, in 2013, The banks' exchange rates have risen and the parallel market has activated until they stabilize on their average prices until the end of the year. in 2018 and the downward trend of the dollar and currencies started on January 2nd. 019.
The price of dollars and currencies today
The downward trend of the Arab and foreign currencies in the Egyptian market, the official foreign exchange market as well as the parallel market and trading companies, recently after the stability of the averages of the currency prices over 6 months and a decline continued prices of the dollar, the euro and the Saudi Riyal, as of January 2019, the supply and demand after the liberalization of the dollar exchange rate and bank currencies in order to d & # 39; eliminate the parallel market, which has already fallen and collapsed after the decline in trade.
Exchange rate today
Exchange rate today in Egyptian banks against the pound sterling
| Currency | Highest purchase price | Lowest selling price |
|---|---|---|
| The dollar |
16.52 Mashreq Bank |
16.58 International Commercial Bank (CIB) |
| Euro |
18.50 Mashreq Bank |
18.61 Central Bank of Egypt |
| Pound sterling |
20.08 Arab International Bank |
20.19 Bank of Egypt |
| The Saudi Riyal |
4.41 Egyptian Gulf Bank |
4.42 International Commercial Bank (CIB) |
| United Arab Emirates Dirham |
4.51 Egyptian Gulf Bank |
4.52 Bank of Alexandria |
| The Jordanian dinar |
23.33 Bank Audi |
23.43 Agricultural credit |
| The Kuwaiti dinar |
54.32 Arab International Banking Corporation |
54.60 International Commercial Bank (CIB) |
| Omani Rial |
42.88 National Bank of Egypt |
43.09 Bank of Alexandria |
| Bahraini Dinar |
43.79 National Bank of Egypt |
44.01 Bank of Alexandria |
The Saudi currency has remained stable in Egyptian banks for nearly a month, due to the stability of the currency market in the Egyptian market, as well as the decline in strong demand after the end of the season of pilgrimages and The increase in the monetary reserves of the riyal, which led to a further decline because of the strength of the pound against the riyal.
The dollar rate is tied to Egyptian banks, according to the law of supply and demand, and closely related to the cash reserves of the Central Bank of Egypt, which has recently resulted in a steady decline in greenback following the announcement by the central bank of an increase in its dollar reserves of more than $ 46 billion.
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