The Egyptian pound traded within a narrow range against the US dollar in midday dealings on Wednesday, signalling continued stability in the country’s foreign exchange market, according to compiled banking data.
As of 12:46 p.m. Cairo time (10:46 GMT), the dollar averaged around 51.85 pounds for buying and 51.95 pounds for selling across major banks.
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 51.85 | 51.95 |
| Banque Misr | 51.85 | 51.95 |
| Commercial International Bank (CIB) | 51.85 | 51.95 |
| QNB Alahli | 51.8500 | 51.9500 |
| Abu Dhabi Islamic Bank (ADIB) | 51.9500 | 52.0500 |
The pound has remained within a tight trading band in recent sessions, reflecting relative calm and balanced supply-demand dynamics in Egypt’s currency market.
Attribution: Amwal Al Ghad English