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Follow us daily on current exchange rates in Egypt, banks and the parallel market, as well as the US dollar, the euro and the Saudi Riyal. We offer you daily to consult the latest exchange rates in force in banks, as well as on the black market, as well as the effects that affect exchange rates. Slowdown of the black market. The overall performance of the currencies over the last six months has been the stability of the US dollar and the Saudi Riyal, while the euro has continued to fluctuate, due to its correlation with the global price on the world's stock exchanges. , and the dollar, as well as most currencies, has come down, due to the improvement in the credit rating of Egyptian bonds to PI 1. The price of the dollar and currencies today in the banks
Price in dollars and currencies in Egypt
The exchange rate of the dollar in banks: The exchange rate of the dollar against the Egyptian pound has stabilized today on its average prices in the Egyptian market in more than a month. Euro prices in banks: The euro rose in trade last month, under the influence of rising international currency prices and the gradual decline of Egyptian banks, registering the average price of the purchase price of 21.10 pounds and the average sale of 20.40 pounds. Saudi Riyal rate in banks: The stability of the exchange rate of Saudi banks in Egyptian banks continues for the second month in a row, at comparable average prices, after the end of the period reserved for the pilgrimage.
Exchange rate today in Egyptian banks against the pound sterling
Factors Affecting Exchange Rates in Banks
The US dollar is affected by the rising monetary reserves of the Egyptian banks of the greenback, by the decline in inflation and by the improvement of the indicators of the Egyptian economy, which has gradually declined to medium term until reaching fair levels of 14 and 11 pounds in the long run. The price of the euro is influenced by the Egyptian banks by the international price of the European currency against the dollar and, with the decline of the green currency, the European currency goes up on the currency market as well as in the banks Egyptian. The price of the Saudi Riyal is influenced by the law of supply and demand and by the increase of bank reserves denominated in Saudi currency. The demand for riyal increases at the time of booking by tourism companies during the travel seasons to run Umrah and Hajj, where the reservation is made in Saudi riyals. While dealers resort to the black market in the absence of riyal banks, which leads to a recovery.
Black market exchange rate
Since the decision to liberalize the sterling exchange rate against currencies about two years ago, trading on the black market has become a disadvantage for traders as black market exchange rates move closer to price. official, which makes trading secure Banks. The average price of the dollar on the black market buys 17.88 pounds and sells 17.75 pounds. The average price of the Saudi Arabian riyal on the black market is 4.80 pounds and sells for 4.75 pounds. The average price of the euro on the black market buys 20.60 pounds and sells 20.90 pounds. While the euro and the pound sterling are tied to the Egyptian market at the overall exchange rate of European currencies on world currencies, which are fundamentally influenced by the political and economic conditions of the euro area, decisions to separate the euro from 39, the English economy of the euro area, the Brexit, and the rise of the US dollar on currencies lead mainly to the decline of European currencies, Thus, the price of the euro in Egyptian banks drops.
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