Egyptian Pound Holds Steady Against U.S. Dollar on Saturday Amid Calm Market Activity
The U.S. dollar remained stable against the Egyptian pound on Saturday across major banks, exchange companies, and ATM networks, reflecting a calm in the foreign exchange market.
According to the Central Bank of Egypt (CBE), the average exchange rate stood at EGP 49.84 for buying and EGP 49.98 for selling.
Here’s a breakdown of the latest dollar rates across key banks:
National Bank of Egypt (NBE):
EGP 49.85 (buying) | EGP 49.95 (selling)
Banque Misr:
EGP 49.87 (buying) | EGP 49.97 (selling)
Commercial International Bank (CIB):
EGP 49.87 (buying) | EGP 49.97 (selling)
Faisal Islamic Bank:
EGP 49.85 (buying) | EGP 49.95 (selling)
Abu Dhabi Islamic Bank (ADIB):
EGP 50.02 (buying) | EGP 50.12 (selling)
Kuwait Finance House (KFH):
EGP 50.00 (buying) | EGP 50.10 (selling)
Market observers are watching for any upcoming central bank policy signals or shifts in external financing flows that may impact currency trends in the coming week