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Home Business "Update" currency rates on Thursday. 16. May 2019 .. Dollar, Saudi Riyal...

"Update" currency rates on Thursday. 16. May 2019 .. Dollar, Saudi Riyal and Euro Banks and Black Market .. in the evening

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 overall performance of the currencies in the last six months was the stability of the US Dollar and the Saudi Riyals, while the Euro continued to fluctuate due to its correlation with the global price on the global currency exchanges. The Dollar and most currencies retreated again due to improved credit rating Egyptian to B1.

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 international currency exchanges, and the gradual decline in the Egyptian banks, recording a buy-price average of 21.10 pounds and an 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

17.03

Egyptian Arab Land Bank

17.08

Egyptian Export Development Bank

euro

19.09

Egyptian Arab Land Bank

19.16

Industrial Development Bank

Sterling pound

21.86

Arab International Banking Company

21.95

Egyptian Central Bank

Saudi riyal

4.54

HSBC

4.56

Arab African International Bank

United Arab Emirates Dirham

4.64

Egyptian Gulf Bank

4.65

Egyptian Export Development Bank

Jordanian Dinar

24.00

National Bank of Egypt

24.13

Credit Agricole

Kuwaiti Dinar

55.98

Arab International Banking Company

56.18

Industrial Development Bank

Omani Rial

44.13

National Bank of Egypt

44.39

Bank of Alexandria

Bahraini Dinar

45.09

Bloom Bank

45.33

Bank of Alexandria

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 tourist companies in the travel seasons for the performance of Umrah and pilgrimage, where the reservation is in Saudi riyals. , 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 pound against currencies two years ago, black market trading is not favored by traders. The exchange rate on the black market is close to 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 Saudi currency has remained stable for nearly a month in order to stabilize the currency market in the Egyptian market, as well as the drop in demand after the end of the Hajj season and the rise in the cash reserve from the riyal, which led to a new decline due to the strength of the pound against the riyal.

The price of the euro is linked to the Egyptian banks and the Egyptian market at the global price of the European currency and the Euro on the international currency exchanges after it disengaged from the Egyptian pound in 2011 and continues to fluctuate in the Egyptian market due to violent fluctuations on the European exchanges.

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