US Dollar Declines Against Egyptian Pound in Midday Trading on Tuesday, July 1, 2025
The US dollar witnessed a slight decline against the Egyptian pound in midday trading on Tuesday across Egyptian banks, reflecting a mild strengthening of the local currency.
According to data from the Central Bank of Egypt (CBE), the dollar recorded EGP 49.56 for buying and EGP 49.66 for selling, compared to previous rates earlier in the week.
At Egypt’s largest state-owned banks, the National Bank of Egypt (NBE) and Banque Misr, the dollar dropped to EGP 49.45 for buying and EGP 49.55 for selling. A similar trend was observed at Banque du Caire, AlexBank, and the Commercial International Bank (CIB), where the USD traded at the same rates.
Midday Exchange Rates at Major Banks:
National Bank of Egypt (NBE)
Buying: EGP 49.45
Selling: EGP 49.55
Banque Misr
Buying: EGP 49.45
Selling: EGP 49.55
Banque du Caire
Buying: EGP 49.45
Selling: EGP 49.55
Commercial International Bank (CIB)
Buying: EGP 49.45
Selling: EGP 49.55
AlexBank
Buying: EGP 49.45
Selling: EGP 49.55
The ongoing fluctuations in exchange rates come amid global currency movements and domestic monetary policy adjustments. Analysts are closely watching the forex market as Egypt continues to navigate inflation pressures and foreign investment flows.