Egyptian pound sees mild fluctuations against dollar in Wednesday midday trade
The Egyptian pound showed marginal movements against the US dollar during midday trading on Wednesday, with official data indicating slight variations across major banks.
As of 12:05 p.m. Cairo time (10:05 GMT), exchange rates at leading banks were as follows:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.47 | 47.57 |
| Banque Misr | 47.47 | 47.57 |
| Commercial International Bank (CIB) | 47.47 | 47.57 |
| QNB Alahli | 47.4500 | 47.5500 |
| Abu Dhabi Islamic Bank (ADIB) | 47.4900 | 47.5900 |
The pound has been trading within a narrow range in recent weeks, reflecting a period of relative calm following the significant volatility seen earlier this year, when persistent foreign-currency shortages and elevated inflation placed considerable pressure on the market.
Attribution: Amwal Al Ghad English