The Egyptian pound traded in a narrow range against the US dollar in midday dealings on Monday, signalling ongoing stability in the country’s foreign exchange market, according to compiled banking data.
As of 12:08 p.m. Cairo time (10:08 GMT), the dollar averaged about 51.69 pounds for buying and 51.79 pounds for selling across major banks.
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 51.68 | 51.78 |
| Banque Misr | 51.7 | 51.8 |
| Commercial International Bank (CIB) | 51.67 | 51.77 |
| QNB Alahli | 51.6800 | 51.7800 |
| Abu Dhabi Islamic Bank (ADIB) | 51.7200 | 51.8200 |
The pound has continued to move within a tight band in recent sessions, reflecting relative calm and balanced supply-demand dynamics in Egypt’s currency market.
Attribution: Amwal Al Ghad English