The Egyptian pound was broadly stable against the US dollar during early trading on Wednesday, with exchange rates showing limited movement at major Egyptian banks as of 11:03 a.m. local time (08:03 GMT).
The dollar traded at an average of EGP 51.42 for buying and EGP 51.52 for selling across five major banks, according to data compiled by Amwal Al Ghad English.
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 51.4 | 51.5 |
| Banque Misr | 51.4 | 51.5 |
| Commercial International Bank (CIB) | 51.3 | 51.4 |
| QNB Alahli | 51.3900 | 51.4900 |
| Abu Dhabi Islamic Bank (ADIB) | 51.5900 | 51.6900 |
The pound has traded within a relatively narrow range against the dollar in recent weeks, with exchange rates remaining broadly stable across the banking sector.