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 11:22 a.m. local time (08:22 GMT).
The dollar traded at an average of EGP 52.98 for buying and EGP 53.08 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) | 53.03 | 53.13 |
| Banque Misr | 52.96 | 53.06 |
| Commercial International Bank (CIB) | 53.05 | 53.15 |
| QNB Alahli | 53.0300 | 53.1300 |
| Abu Dhabi Islamic Bank (ADIB) | 52.8000 | 52.9000 |
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.