Currency price update Tuesday || September 3, 2019 .. The dollar, the Saudi Riyal, the euro in the banks and the black market .. In the morning

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 again resumed its decline due to the improvement of the credit rating of Egyptian bonds 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.
• The rate of Saudi riyal in banks: the stability of the Saudi currency in Egyptian banks continues for the second month in a row, at the same average price, after the end of the reservation period for the Hajj season.

Exchange rate today in Egyptian banks against the pound sterling

Factors Affecting Exchange Rates in Banks

• The US dollar is affected by rising monetary reserves of the Egyptian banks of the greenback, by lower inflation and by improving indicators of the Egyptian economy.
• The exchange rate of the euro is influenced by Egyptian banks in terms of the international price of the European currency against the dollar.
• 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.

Performance in dollars in 6 months

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 dollar rate is tied to Egyptian banks, in accordance with the law of supply and demand, and closely related to the cash reserves of the Central Bank of Egypt, which has recently led to a steady decline of the greenback following the announcement by the central bank of an increase in its dollar reserves of more than 46 billion dollars.

The price of the euro is linked to Egyptian banks and the black market, the global price of foreign currencies, European currencies against the dollar and, due to the rise of the dollar due to investor optimism in the US economy, resulted in a decline in European currencies and gold.