The Egyptian pound was little changed against the US dollar in late trading on Sunday, extending a period of relative stability across major local banks amid continued improvement in foreign currency liquidity.
The US dollar traded at an average of EGP 50.95 for buying and EGP 51.05 for selling across five leading banks as of 16:05 local time (13:05 GMT), according to data compiled by Amwal Al Ghad English.
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 51.07 | 51.17 |
| Banque Misr | 51.07 | 51.17 |
| Commercial International Bank (CIB) | 51.05 | 51.15 |
| QNB Alahli | 51.0700 | 51.1700 |
| Abu Dhabi Islamic Bank (ADIB) | 50.5000 | 50.6000 |
The Egyptian pound has traded within a relatively tight range against the dollar in recent weeks, supported by stronger foreign currency inflows, improved investor sentiment and easing pressure on the domestic foreign exchange market. The trend has helped keep exchange-rate movements broadly stable despite volatility in global currency markets.