Dollar edges up to around 52.43 Egyptian pounds in midday trade – 12 March, 2026

The US dollar edged slightly higher against the Egyptian pound in midday trading on Thursday, averaging about 52.43 pounds across major banks as of 12:10 p.m. Cairo time (10:10 GMT).

Data from leading lenders showed the greenback trading within a relatively narrow range of 52.28 to 52.55 pounds, suggesting broadly steady demand for foreign currency in the local market.

Exchange rates at several of Egypt’s major banks were as follows:

The modest uptick comes as the Egyptian pound continues to trade within a relatively stable band against the dollar, following Egypt’s move to adopt a more flexible exchange rate regime in March 2024.

Attribution: Amwal Al Ghad English