The dollar rate against the Egyptian pound today, Sunday, March 28, 2021

Al-Masry Al-Youm is monitoring the dollar rate in the largest Egyptian banks against the Egyptian pound today, Sunday March 28, 2021, which is the first working day of the week in Egyptian banks, with the best rates among banks, because the dollar price changes depending on the volume of supply in the market.

The data shows the differences in the price of the dollar against the Egyptian pound between different Egyptian banks, including the Central Bank, National Bank, Misr Bank and CIB Bank.

Price of the dollar against the Egyptian pound in Egyptian banks today, Sunday March 28, 2021:

The price of the dollar against the Egyptian pound at the Central Bank of Egypt.

Offer Price: 15.70 Sell Price: 15.80

The price of the dollar against the pound at the National Bank.

Buy price: 15.69 sell price: 15.79

The price of the dollar against the pound in the cib bank.

Offer price: 15.71 Offer price 15.81

The price of the dollar against the Egyptian pound in Bank Misr.

Bid Price: 15.69 Sell Price: 15.79

To learn more about the “daily updated” exchange rates at the Central Bank of Egypt, click here.

The report shows an increase of about 6 piastres in the dollar price at the start of this week’s trading against the dollar price over the past week, as the dollar saw price swings in the international market after the statements of the Chairman of the Federal Reserve, which were reassuring, prompting investors to return to choose the dollar as a safe haven.

The US dollar saw a remarkable rise during trading on Wednesday and stabilized near the 91.50 levels, with demand for the US dollar rising in light of investor optimism about the ability of the US economy recovering from the repercussions of the novel Corona virus outbreak. during the current year, which favors the phasing out of monetary easing in the United States.

A number of statements by the U.S. Federal Government were behind a surge in the dollar against other currencies, in addition to statements by U.S. Federal Reserve member Postec in which he said he expect the Federal Reserve to start raising interest rates. from the year 2023, because it is expected that there will still be some time before For the Federal Reserve to reduce asset purchases. In addition, he stressed that he had no indication that we will soon see a sharp and lasting rise in inflation rates. He also estimates that the US economy will grow by 6% and that inflation will exceed the Fed’s targets this year.

Fed member James Bullard also shared his expectations for the performance of the US economy. Highlighting the GDP growth potential of 6.5%. Against a drop in unemployment rates to 4.5% in the current year 2021. Regarding the value of the US dollar, Bullard reiterated his view that the dollar will remain the world’s primary reserve currency for an extended period.

For all of the above, investors have viewed the US dollar as a safe haven for investors in light of fears of the Third Corona Wave, which would severely hurt global economies as news and reports point to an increase in new infections. Corona virus in many countries, especially in Europe, which has prompted some European countries to impose restrictions. The closure again and its tightening in an attempt on their part to control the dangerous coronavirus epidemic, these fears have boosted demand for the US dollar as a safe haven. against other currencies.