The Egyptian pound was little changed against the US dollar during midday trading on Wednesday, extending its recent period of stability across major local banks.
The US dollar traded at an average of EGP 50.53 for buying and EGP 50.63 for selling across five leading banks as of 13:48 local time (09:48 GMT), according to data compiled by Amwal Al Ghad English.
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 50.45 | 50.55 |
| Banque Misr | 50.46 | 50.56 |
| Commercial International Bank (CIB) | 50.55 | 50.65 |
| QNB Alahli | 50.4800 | 50.5800 |
| Abu Dhabi Islamic Bank (ADIB) | 50.7000 | 50.8000 |
The Egyptian pound has continued to trade within a relatively narrow range against the US dollar in recent weeks, supported by stronger foreign currency inflows, improved investor confidence, and easing pressure on the domestic foreign exchange market. This stability has helped keep exchange rate movements limited despite fluctuations in global currency markets.