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Follow us daily Exchange rate today In EgyptIn banks, the parallel market and the prices of the US dollar, the euro and the Saudi Riyal, we offer daily updates of the latest exchange rates of banks, as well as the black market, as well as effects on the prices of currencies and the reasons for the activity or decline 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 of the credit rating of Egyptian loans to P1.
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
| Currency | Highest purchase price | Lowest selling price |
|---|---|---|
| The dollar |
16.52 Industrial Development Bank |
16.58 National Bank of Kuwait |
| Euro |
18.50 Industrial Development Bank |
18.61 Central Bank of Egypt |
| Pound sterling |
20.08 Arab International Bank |
20.05 HSBC |
| 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 |
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.
Update
The anchoring of the euro and the pound sterling in the Egyptian market is linked to the overall price of European currencies on the world stock exchanges, which is radically affected by the political and economic conditions of the euro area and by the UK economy and the euro zone, leading to a decline in European currencies. The euro is down in Egyptian banks.
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