Sudden Drop in U.S. Dollar Exchange Rate Against the Egyptian Pound
The U.S. dollar saw a surprising decline against the Egyptian pound during Monday's trading session, falling by 23 to 34 piasters compared to its level at the start of the day. The unexpected movement was reflected in the official exchange rates published by several major Egyptian banks.
Dollar Exchange Rates at Leading Banks (as of June 16, 2025):
National Bank of Egypt (NBE):
EGP 50.22 for buying | EGP 50.32 for selling
Down by 34 piasters for both buying and selling.
Banque du Caire:
EGP 50.33 for buying | EGP 50.43 for selling
Down by 23 piasters for both buying and selling.
Commercial International Bank (CIB):
EGP 50.26 for buying | EGP 50.36 for selling
Down by 30 piasters for both buying and selling.
Bank of Alexandria:
EGP 50.22 for buying | EGP 50.32 for selling
Down by 34 piasters for both buying and selling.
The sharp fluctuation comes amid heightened anticipation in local markets over monetary policy adjustments, as well as ongoing efforts by the Central Bank of Egypt to stabilize the foreign exchange market. Analysts suggest that supply and demand dynamics, coupled with shifts in foreign inflows, may be contributing to the volatility.
Market watchers will be closely monitoring exchange rate trends in the coming days for further indications of potential policy changes or economic developments.