The US dollar traded within a narrow range against the Egyptian pound in midday dealings on Sunday, signalling continued stability in the country’s foreign exchange market, according to compiled banking data.
As of 12:06 local time (0906 GMT), the dollar averaged 52.57 pounds for buying and 52.68 pounds for selling across major banks.
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 52.57 | 52.67 |
| Banque Misr | 52.57 | 52.67 |
| Commercial International Bank (CIB) | 52.57 | 52.67 |
| QNB Alahli | 52.5700 | 52.6700 |
| Abu Dhabi Islamic Bank (ADIB) | 52.6000 | 52.7000 |
The dollar has traded within a tight band in recent sessions, reflecting relative calm and balanced supply and demand dynamics in Egypt’s currency market.
Attribution: Amwal Al Ghad English