US Dollar Slips Against Egyptian Pound on Tuesday, June 17, 2025 — Still Holds Above EGP 50
The US dollar retreated slightly against the Egyptian pound during today’s trading session, Tuesday, June 17, losing part of the sharp gains it recorded at the start of the week. Despite the decline, the greenback remains trading above the EGP 50 threshold.
The decline comes after a volatile start to the week that saw the dollar surge by EGP 1.00 on Sunday, briefly approaching EGP 51, before retreating on Monday by 23 to 34 piasters across various banks.
According to financial analyst Ezz El-Din Hassanein, the dollar’s downward movement is linked to a temporary pause in foreign investors' selling of Egyptian treasury bills, following a massive liquidation exceeding half a billion dollars. “The spike earlier this week was largely driven by increased demand for hard currency, but as the pressure eased, the market saw a slight correction,” Hassanein said.
He added that the fluctuations in the exchange rate are mainly driven by "hot money"—short-term capital inflows and outflows sensitive to political and economic developments.
Tensions in the Middle East, particularly the ongoing escalation between Israel and Iran, have contributed to market instability, prompting investors to seek safe-haven assets earlier this week.
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Central Bank of Egypt (CBE)
Buy: EGP 50.20
Sell: EGP 50.34
National Bank of Egypt (NBE)
Buy: EGP 50.21
Sell: EGP 50.31
Banque Misr
Buy: EGP 50.21
Sell: EGP 50.31
Banque du Caire
Buy: EGP 50.21
Sell: EGP 50.31
Commercial International Bank (CIB)
Buy: EGP 50.21
Sell: EGP 50.31
AlexBank
Buy: EGP 50.21
Sell: EGP 50.31
Suez Canal Bank
Buy: EGP 50.21
Sell: EGP 50.31
Crédit Agricole Egypt
Buy: EGP 50.25
Sell: EGP 50.35
Highest Rate: Abu Dhabi Islamic Bank (ADIB)
Buy: EGP 50.67
Sell: EGP 50.70
Market observers will be watching closely for any further shifts in foreign capital movement or regional developments that could impact Egypt’s currency stability in the coming days.