US Dollar Steadies Against Egypt Pound; While Euro Falls – Early Trading

During the early trading of Thursday, the US dollar’s exchange rate steadied against Egyptian pound in banks at EGP 6.8921 for buying and EGP 6.9222 for selling.

The Saudi riyal’s price also remained with no change at EGP 1.8326 for buying and EGP 1.9086 for selling; while the UAE dirham steadied at EGP 1.875 for buying and EGP 1.9489 for selling.

On the other hand, the exchange rates of euro, pound sterling, Swiss franc and Kuwait dinar have dropped against the Egyptian pound.

Euro fell to EGP 8.9553 for buying and EGP 9.3565 for selling, compared to Wednesday’s levels of EGP 9.0335 for buying and EGP 9.4382 for selling.

Pound sterling also dipped to EGP 10.4684 for buying and EGP 10.9356 for selling, compared to Wednesday’s levels of EGP 10.4767 for buying and EGP 10.9439 for selling.

For the Swiss franc, it also fell to EGP 7.3489 for buying and EGP 7.683 for selling, compared to Wednesday’s levels of EGP 7.4141 for buying and EGP 7.7504 for selling. The Kuwaiti dinar reached during early trading EGP 24.012 for buying and EGP 24.9209 for selling, lower than Wednesday’s levels of EGP 24.0372 for buying and EGP 24.9472 for selling.

Meanwhile, the Japanese yen’s price surged as the ¥100 hit on Thursday EGP 7.0098 for buying and EGP 7.3192 for selling, compared to Wednesday’s levels of EGP 7.0012 (buy price) and EGP 7.3132 (sell price).