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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 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 dollar exchange rate in banks: The exchange rate of the dollar against the Egyptian pound has stabilized today at 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
| Currency | Highest purchase price | Lowest selling price |
|---|---|---|
| The dollar |
16.55 Industrial Development Bank |
16.62 National Bank of Egypt |
| Euro |
18.35 Suez Canal Canal |
18.43 National Bank of Egypt |
| Pound sterling |
20.06 Arab International Banking Corporation |
20.17 National Bank of Egypt |
| The Saudi Riyal |
4.42 National Bank of Kuwait (Piraeus) |
4.43 National Bank of Egypt |
| United Arab Emirates Dirham |
4.51 Egyptian Gulf Bank |
4.53 National Bank of Egypt |
| The Jordanian dinar |
23.38 Bank Audi |
23.48 National Bank of Egypt |
| The Kuwaiti dinar |
54.41 Arab International Bank |
54.66 Housing and Development Bank |
| Omani Rial |
42.93 Central Bank of Egypt |
43.17 National Bank of Egypt |
| Bahraini Dinar |
43.87 Bloom Bank |
44.08 National Bank of Egypt |
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 price of the euro is influenced by the international price of the European currency against the dollar of Egyptian banks.
- The price of the Saudi Riyal is affected by the law of supply and demand and by the increase of the bank reserves of the Saudi currency. 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 pound sterling exchange rate against currencies about two years ago, trading on the black market has become a disadvantage for traders. 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 pegging of the euro and the pound sterling into the Egyptian market is linked to the overall price of European currencies on world stock exchanges, which is radically affected by the political and economic conditions in 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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