Dollar averages EGP 53.40/53.50 against Egyptian pound in midday trade – 4 May 2026

The US dollar traded in a narrow band against the Egyptian pound in midday dealings on Thursday, signalling ongoing stability in Egypt’s foreign exchange market, according to compiled data from major banks.

As of 13:01 local time (10:01 GMT), the dollar showed little variation across leading lenders, with most banks quoting similar rates for buying and selling.

Buying rates ranged between 53.35 and 53.49 pounds, while selling prices stood between 53.45 and 53.59 pounds.

The greenback has hovered within a tight range in recent sessions, pointing to broadly balanced supply and demand dynamics in Egypt’s banking sector. Attribution: Amwal Al Ghad English