The US dollar was little changed against the Egyptian pound in early trading on Wednesday, reflecting continued stability in Egypt’s foreign-exchange market, according to data from five major lenders.
As of 10:45 a.m. local time (07:45 GMT), the dollar averaged 51.97 pounds for buying and 52.07 pounds for selling across the surveyed banks.
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 51.96 | 52.06 |
| Banque Misr | 51.97 | 52.07 |
| Commercial International Bank (CIB) | 51.93 | 52.03 |
| QNB Alahli | 52.0000 | 52.1000 |
| Abu Dhabi Islamic Bank (ADIB) | 52.0000 | 52.1000 |
The greenback has traded within a relatively narrow range in recent weeks, supported by improved foreign-currency liquidity and easing pressure on Egypt’s exchange market.
The latest quotes showed only marginal differences among major banks, underscoring a period of relative currency stability following reforms and increased foreign inflows that have helped bolster foreign-exchange availability.
Attribution: Amwal Al Ghad English
