Euro Stabilizes Against Egyptian Pound; Expat Remittances Surge 33.2% to $39.2 Billion
The Euro exchange rate against the Egyptian Pound (EGP) held steady on Saturday, August 8, according to the official platforms of major local banks.
Euro Exchange Rates in Egyptian Banks
The following table highlights the latest Euro exchange rates recorded across key Egyptian banks today:
BankBuying Rate (EGP)Selling Rate (EGP)
National Bank of Egypt (NBE)57.4857.61
Banque Misr57.4057.61
Bank of Alexandria (AlexBank)57.2657.49
Surge in Expat Remittances
In a related positive economic development, remittances from Egyptians working abroad witnessed a significant surge of 33.2% during the first 10 months of the current fiscal year (July/April 2025-2026).
According to recent data released by the Central Bank of Egypt (CBE), total remittances reached approximately $39.2 billion during this period, up from roughly $29.4 billion recorded during the corresponding period of the previous fiscal year (July/April 2024-2025).