The Egyptian pound was little changed against the US dollar during midday trading on Monday, extending its recent spell of stability across Egypt’s major banks.
The U.S. dollar traded at an average of EGP 50.80 for buying and EGP 50.90 for selling across five leading banks as of 13:35 local time (10:35 GMT), according to data compiled by Amwal Al Ghad English.
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 50.67 | 50.77 |
| Banque Misr | 50.67 | 50.77 |
| Commercial International Bank (CIB) | 50.7 | 50.8 |
| QNB Alahli | 50.6700 | 50.7700 |
| Abu Dhabi Islamic Bank (ADIB) | 51.2900 | 51.3900 |
The Egyptian pound has traded within a relatively narrow range against the U.S. dollar in recent weeks, supported by stronger foreign currency inflows, improved investor sentiment, and easing pressure in the domestic foreign exchange market. The relative stability has helped limit exchange rate volatility despite continued uncertainty in global currency markets.