Dollar Soared Against Egypt Pound, Euro Ups 0.6%

On Wednesday, the exchange rate of the US dollar against the Egyptian pound has jumped to EGP 6.8603 for buying and EGP 6.8904 for selling, compared to Tuesday’s levels of EGP 6.849 (buy price) and EGP 6.8791 (sell price).

For the non-Arab foreign currencies, the prices of euro, pound sterling, and the Swiss franc put up; while yen solely declined.

Euro’s price has increased to EGP 8.9482 for buying and EGP 9.3499 for selling, opposed to Tuesday’s levels of EGP 8.8932 for buying and EGP 9.2911 for selling.

The pound sterling also rose to EGP 10.47 for buying and EGP 10.9396 for selling, compared to Tuesday’s EGP 10.4139 for buying and EGP 10.8811 for selling.

Additionally, the Swiss franc’s exchange rate inched up to EGP 7.3197 for buying and EGP 7.651 for selling, opposed to Tuesday’s EGP 7.2841 for buying and EGP 7.6172 for selling.

On the contrary, the exchange rate of yen fell as the ¥100 hit on Wednesday EGP 6.8792 for buying and EGP 7.1829 for selling, compared to Tuesday’s levels of EGP 6.8838 (buy price) and EGP 7.1907 (sell price).

For the Arab currencies, the Kuwaiti dinar, Saudi riyal and the UAE dirham have all surged on Wednesday against the Egyptian pound.
The Kuwaiti dinar’s exchange rate went up to EGP 23.9137 for buying and EGP 24.8195 for selling, opposed to Tuesday’s levels of EGP 23.7959 for buying and EGP 24.6972 for selling.

The Saudi riyal also upped to EGP 1.8242 for buying and EGP 1.8998 for selling, compared to Tuesday’s EGP 1.8211 for buying and EGP 1.8966 for selling.

For the UAE dirham, it has surged to EGP 1.8664 for buying and EGP 1.94 for selling, higher than Tuesday’s EGP 1.8633 for buying and EGP 1.9367 for selling.

The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on Wednesday according to the National Bank of Egypt (NBE):