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Follow us on a daily update The price of the dollar In the Egyptian market and the black market, as well as the influences that control the price of the US currency in the Egyptian market, we offer daily updates of the latest green currency prices. The price of the dollar has risen since 2011 to unprecedented levels and demand has increased and reduced supply, which has resulted in strong activity on the black market. The decision to liberalize the exchange rate of the pound against the dollar has resulted in a price bubble that has brought the dollar to nearly 25 pounds while positive data on the Egyptian economy and significant increases in the reserve monetary, continued to be periodically announced by the Central Bank of Egypt in order to improve the exchange rate of the dollar against the Egyptian pound. Rope The exchange rate of banks in dollars has gradually increased to an average price of 17.00 pounds. Black market activity declined, recording an average exchange rate of the dollar between 17.00 and 16.50 lbs.
The price of the dollar today
- Update The average sales of the dollar on the black market has stabilized at its average price for more than 6 months, recording 16.70 pounds. The law of supply and demand controls the price in dollars on the Egyptian market, banks and the black market. Trade in the parallel market depends mainly on speculation and the spread of rumors. trade was strongly affected by the stability of green currency banks to the stability of the green currency, the gradual improvement of the economy and the increase in cash reserves.
- New decision of the Egyptian Central Bank to halve the interest rate of banks in most banks: the interest rate of Al-Ahli fell from 16.00 pounds to 14, 50 pounds.
The dollar price today in Egyptian banks
Highest purchase price: 16.52
Bank Audi
Lowest price for sale: 16.60
Bank of Alexandria
| Bank | Purchase price | Selling price | Last move since |
|---|---|---|---|
| Bank Audi | 16.52 | 16.61 | 3 hours |
| Mashreq Bank | 16.52 | 16.62 | 1 hour and 32 minutes |
| HSBC | 16.51 | 16.61 | 7 days |
| Arab International Banking Corporation | 16.51 | 16.61 | 6 days |
| National Bank of Kuwait (Piraeus) | 16.51 | 16.61 | 5 days |
| Agricultural credit | 16.51 | 16.61 | 24 hours |
| Misr Iran Development Bank | 16.51 | 16.61 | 5 days |
| Suez Canal Bank | 16.51 | 16.61 | 6 days |
| Egyptian Gulf Bank | 16.51 | 16.61 | 7 days |
| Export Development Bank of Egypt | 16.51 | 16.61 | 6 days |
| Industrial Development Bank | 16.51 | 16.61 | 5 days |
| Egyptian Arab Land Bank | 16.51 | 16.61 | Two days |
| National Bank of Kuwait | 16.51 | 16.61 | Two days |
| Housing and Development Bank | 16.51 | 16.61 | Two days |
| Al Baraka Bank | 16.51 | 16.61 | 6 days |
| Central Bank of Egypt | 16.50 | 16.63 | 20 hours |
| African Arab Bank International | 16.50 | 16.60 | one week |
| International Commercial Bank (CIB) | 16.50 | 16.60 | 7 days |
| National Bank of Egypt | 16.50 | 16.60 | one week |
| Bank of Egypt | 16.50 | 16.60 | one week |
| Arab International Bank | 16.50 | 16.60 | one week |
| National Bank of Greece | 16.50 | 16.60 | one week |
| Bloom Bank | 16.50 | 16.60 | one week |
| United Bank | 16.50 | 16.60 | one day |
| Bank of Alexandria | 16.50 | 16.60 | 7 days |
The dollar rate at the Central Bank of Egypt
The Central Bank of Egypt is the main determinant of the official exchange rate of the dollar in the banks: official transactions in the country are made at the dollar rate set by the Central Bank of Egypt, each bank determining the dollar exchange rate based on its cash reserves. The purchase price was 16.60 LE and the sale price of 16.65 LE.
The general trend of the US dollar in 6 months
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.
Update Monday: The slight fluctuations in the US dollar in Egyptian banks have stabilized this morning, following a slight decline in the purchase price and an increase in the selling price, to record the best buy of the Industrial Development Bank at 16.51 pounds and the best sale of the International Arab Bank at 16.60 pounds.
A slight increase in the purchase price and constant stability of the selling price, the best purchase of Mashreq Bank at 16.53 EGP and the best sales of the Bank of Alexandria at 16.60 EGP.
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