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"Currency Update" on Monday Dollar, Saudi Riyal and Euro in Banks and Black Market … in the morning

Follow us daily Currency Rates Today in Egypt, The banks and the parallel market and the prices of the US dollar, the euro and the Saudi riyal, we present it to you daily updated currency rates in the banks, as well as in the black market, in addition to the effects that affect the currency prices up and down and the reasons for activity or the decline of the black market.

The exchange rate of the Egyptian pound against the currencies has stabilized significantly compared to the price of about two years ago, the direction of stability in exchange for currencies in the short term, and the gradual decline in prices over the medium term, while analysts see the rise of the pound against all currencies in the long term.

Dollar and currency prices today in banks
Dollar and currency prices today in banks

Dollar and currency prices in Egypt

  • Dollar Rate in Banks: The dollar exchange rate against the Egyptian pound has stabilized in banks today on its average price in the Egyptian market in more than a month.
  • Euro Rate in Banks: The euro rose in trading last month, affected by the rise in its price on the international currency exchanges, and the gradual decline in the Egyptian banks, recording a buy price average of 21.10 pounds and the average sale of 20.40 pounds.
  • The Saudi Riyal Price in Banks: The stability of the Saudi currency rate in the Egyptian banks for the second consecutive month continued on the same price averages after the end of the Hajj period.

Currency rates today in Egyptian banks against the pound

the currency Highest purchase price Lowest selling price
Dollar

17.29

Abu Dhabi Islamic Bank

17.35

Arab Investment Bank

euro

19.53

Arab International Banking Company

19.62

Abu Dhabi Islamic Bank

Sterling pound

22.61

Abu Dhabi Islamic Bank

22.72

Egyptian Central Bank

Saudi riyal

4.61

HSBC

4.63

Arab Investment Bank

United Arab Emirates Dirham

4.71

Egyptian Gulf Bank

4.72

Arab Investment Bank

Jordanian Dinar

24.36

Bank Audi

24.50

Credit Agricole

Kuwaiti Dinar

56.83

Arab International Banking Company

57.06

National Bank of Egypt

Omani Rial

44.90

Abu Dhabi Islamic Bank

45.07

National Bank of Egypt

Bahraini Dinar

45.86

Abu Dhabi Islamic Bank

46.02

National Bank of Egypt

Factors influencing the currency rates of banks

  • The US Dollar is affected by the increase in the cash reserves in the Egyptian banks from the green currency, the low inflation and the improving indicators of the Egyptian economy, which fell gradually in the medium term, until reaching its long term fair levels of LE14 and LE11.
  • The euro is influenced by Egyptian banks at the global price of the European currency against the dollar. As the greenback retreats, the European currency is rising in the currency market and also rising in Egyptian banks.
  • The Saudi riyal is affected by the supply and demand law and the high reserves of banks from the Saudi currency. The demand for riyal is rising at the time of booking from tourism companies in the travel seasons for the performance of Umrah and pilgrimage, where the reservation is in Saudi riyal. , While traders resort to the black market in the absence of the availability of riyal banks, which leads to recovery.

Currencies on the black market

The price of currencies in the black market is linked to the law of supply and demand. Since the decision to liberalize the exchange rate of the pound against currencies for about two years and the circulation in the black market is not preferred to traders, as the exchange rates on the black market from the official price, Banks.

  • Average price of the dollar on the black market buy 17.88 pounds and sell 17.75 pounds.
  • The average price of the Saudi riyals on the black market is 4.80 pounds and selling 4.75 pounds.
  • Average price of the euro on the black market buy 20.60 pounds and sell 20.90 pounds.

Black market prices are approximate, vary from place to place according to supply and demand, and the black market has been shrinking and suffering in recent years because of the improved exchange rate of the dollar against currencies.

Update

The green currency of the Egyptian market is linked to the law of supply and demand, since the liberalization of the exchange rate of the Egyptian currency against all currencies, as well as the central reserves of foreign exchange, especially the dollar. The bank reserves of the dollar have risen in the last period to unprecedented levels since 2011, which led to the stability of the dollar exchange rate Against the pound, and its trend to decline over the medium term.

The price of the euro depends on the Egyptian banks on the global price of the European currency on the international currency exchanges, after the disengagement of the Egyptian pound in 2011.

The price of the Saudi riyal is linked to the law of supply and demand, especially in the dates of booking for Hajj and Umrah. The price of the Saudi riyal remained stable at the same price levels as the year approached due to the stability of the exchange market in the Egyptian market.

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