Dollar price today, Monday, December 1st
remained the dollar exchange rate stable at the start of trading today in Egyptian banks, with the dollar holding steady against the Egyptian pound in most institutions. This stability, according to the latest updates from the Central Bank of Egypt, reflects a balance between supply and demand for the dollar in the local market. This situation allows citizens to monitor exchange rates and choose the most suitable time to buy, sell, or make financial transfers. Banks continue to update exchange rates regularly to ensure they reflect market movements. This current stability indicates a calmer dollar movement at the start of the week and the absence of any significant fluctuations that could affect daily transactions
The dollar was priced at 47.55 Egyptian pounds for buying and 47.65 pounds for selling at the National Bank of Egypt, one of the most relied-upon banks due to its widespread presence and customer confidence in its rates. Meanwhile Banque Misr recorded a buying price of 47.60 pounds and a selling price of 47.70 pounds. This reflects the convergence of prices among state-owned banks, which follow similar policies for pricing foreign currencies. This convergence allows citizens to easily compare prices and choose the most suitable bank to meet their financial needs. These prices also reflect relative market stability, which alleviates pressure on the demand for dollars
The dollar remained stable at Banque du Caire at EGP 47.55 for buying and EGP 47.65 for selling, while at Bank of Alexandria it was priced at EGP 47.50 for buying and EGP 47.60 for selling. This reflects relative stability within regional banks, which rely on daily trading activity to determine their rates. Meanwhile, Commercial International Bank (CIB) recorded a buying price of EGP 47.55 and a selling price of EGP 47.65, while the Arab African International Bank (AAIB) offered similar rates. Traders benefit from this price consistency when seeking the best deals or engaging in large cash transactions
In private banks, Abu Dhabi Islamic Bank recorded a buying price of 47.67 Egyptian pounds and a selling price of 47.77 Egyptian pounds, while the dollar price at the Housing and Development Bank reached 47.53 Egyptian pounds for buying and 47.63 Egyptian pounds for selling. Suez Canal Bank recorded a buying price of 47.60 Egyptian pounds and a selling price of 47.70 Egyptian pounds, while the dollar price at the United Bank reached 47.59 Egyptian pounds for buying and 47.69 Egyptian pounds for selling. This slight variation in prices reflects each bank's policy in managing the demand for currency and allows customers the opportunity to choose the most suitable option for them according to the level of facilities and services provided. Meanwhile, the market is witnessing a general state of stability that contributes to the smooth flow of cash transactions within banks and exchange companies and provides similar price levels for the public, which gives citizens the ability to plan their finances better during the day's transactions