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EGP exchange rate against USD remains stable - Daily News Egypt

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EGP exchange rate against USD remains stable

Settles below EGP 16 for first time since December 2016


The Egyptian pound continued to stabilise against the US dollar on Thursday, at its lowest level in two months, settling below EGP 16 for the first time since 8 December 2016.

During the last month the Egyptian pound regained some of it’s value against the dollar, after losing  more than 50% of its value following the Central Bank of Egypt’s (CBE) decision to free float the currency in Novemeber.

The price of the US dollar at the CBE reached EGP 15.7512 for buying and EGP 15.8518 for selling on Thursday, slightly down from EGP 15.7382 for buying and EGP 15.8394 for selling on Wednesday.

Its value at the five largest banks in Egypt—the National Bank of Egypt, Qatar National Bank, Banque Misr, CIB, and the Arab African International Bank—remained between EGP 15.7 and EGP 15.8 for buying and EGP 15.8 and EGP 15.9 for selling.

US Dollar Exchange rates

Bank Buy Sell
Abu Dhabi Islamic Bank August 26, 6:20 pm 16.54
16.63
Albaraka Bank August 26, 6:20 pm 16.53
16.63
Al Ahly Bank Of Kuwait August 26, 6:20 pm 16.51
16.61
Sueze Canal Bank August 26, 6:20 pm 16.5
16.6
SAIBank August 26, 6:20 pm 16.5
16.6
The United Bank August 26, 6:20 pm 16.5
16.6
Housing And Development Bank August 26, 6:20 pm 16.5
16.6
Misr Iran Development Bank August 26, 6:18 pm 16.5
16.6
Qatar National Bank August 26, 6:18 pm 16.5
16.6
Albank Al-Ahly August 26, 5:00 pm 16.5
16.6
Credit Agricole August 26, 6:20 pm 16.5
16.6
Bank Misr August 26, 6:20 pm 16.5
16.6
Artab African International Bank August 26, 6:20 pm 16.5
16.6
Blom Bank Egypt August 26, 6:20 pm 16.5
16.6
National Bank Of Greece August 26, 6:20 pm 16.5
16.6
EXPORT DEVELOPMENT BANK OF EGYPT August 26, 5:00 pm 16.5
16.6
Bank Audi August 26, 6:18 pm 16.49
16.59
The Hongkong And Shanghai Banking Corporation (HSBC) August 26, 6:18 pm 16.49
16.59
Commercial International Bank August 26, 6:20 pm 16.48
16.58
Alexandria Bank August 26, 6:20 pm 16.48
16.58
Egyption Gulf Bank August 26, 6:20 pm 16.48
16.58
Central Bank Of EGYPT August 26, 6:18 pm 16.4785
16.6107

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