The US dollar traded in a narrow range against the Egyptian pound in early dealings on Wednesday, signaling continued stability in Egypt’s foreign exchange market, according to compiled banking data.
As of 11:30 a.m. local time (08:30 GMT), the dollar was quoted between 52.90 and 52.99 pounds for buying, and between 53.00 and 53.09 pounds for selling across five major banks.
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 52.94 | 53.04 |
| Banque Misr | 52.9 | 53 |
| Commercial International Bank (CIB) | 52.95 | 53.05 |
| QNB Alahli | 52.9600 | 53.0600 |
| Abu Dhabi Islamic Bank (ADIB) | 52.9900 | 53.0900 |
The greenback has remained within a tight trading band in recent sessions, suggesting broadly balanced supply and demand conditions in Egypt’s banking market.
Attribution: Amwal Al Ghad English