The current price of 1 US Dollar is 50.1697 Egyptian Pounds (EGP) according to the Central Bank of Egypt.the USD has seen a change of 0% in the last 24 hours and -0.03% in the last week. The highest level reached in the last month was 50.7033 EGP on 02-01-2025, and the lowest was 50.1342 EGP. BankLive offers real-time exchange rates, with Hsbc Bank providing the highest rate to buy a US Dollar at 50.32 EGP and QNB offering the lowest rate to sell at 50.16 EGP. Ta3weem.com also provides real-time updates on USD-EGP exchange rates and gold prices. Youm7.com provides live updates on dollar exchange rates and the Egyptian pound’s value in the market.
Egyptian Pound Strengthens: Dollar Rates Settle at Historic Low
in a notable growth for the Egyptian economy, the price of the US dollar has settled at a historic low across major banks in the country. The National Bank of Egypt, Banque Misr, the Bank of Alexandria, the Commercial International Bank (CIB), and Cairo Bank have all recorded the dollar’s value at 50.26 Egyptian pounds for purchase and 50.36 Egyptian pounds for sale.
National Bank of Egypt
The National Bank of egypt, one of the country’s largest financial institutions, has set the dollar’s price at 50.26 pounds for purchase and 50.36 pounds for sale.This marks a notable decrease from previous rates and reflects a strengthening Egyptian pound.
Banque Misr
Banque Misr,another major player in Egypt’s banking sector,has also aligned with the new rates,offering 50.26 pounds for the purchase of dollars and 50.36 pounds for sales. This move underscores a collective effort among Egypt’s banks to stabilize the currency market.
Bank of Alexandria
The Bank of Alexandria has similarly adjusted its dollar rates, setting the purchase price at 50.26 pounds and the sale price at 50.36 pounds. This uniformity in rates across major banks suggests a coordinated approach to managing foreign exchange.
Commercial International Bank (CIB)
CIB, known for its robust financial services, has also adopted the new dollar rates.The bank is offering 50.26 pounds for the purchase of dollars and 50.36 pounds for sales. This alignment with other major banks indicates a cohesive strategy to stabilize the currency market.Cairo Bank
Cairo Bank has joined its peers in setting the dollar’s price at 50.26 pounds for purchase and 50.36 pounds for sale. This consistency in rates across different banks highlights a unified approach to managing the foreign exchange market.
Key points Summary
| Bank Name | Purchase Rate (LE) | Sale Rate (LE) |
|————————–|——————-|—————–|
| National Bank of Egypt | 50.26 | 50.36 |
| Banque Misr | 50.26 | 50.36 |
| bank of Alexandria | 50.26 | 50.36 |
| Commercial International Bank (CIB) | 50.26 | 50.36 |
| Cairo Bank | 50.26 | 50.36 |
Market Analysis
The recent stabilization of the dollar’s price at 50.26 pounds for purchase and 50.36 pounds for sale is a positive sign for the Egyptian economy.This uniformity across major banks suggests a coordinated effort to manage foreign exchange rates and stabilize the market.The strengthening of the Egyptian pound against the dollar could indicate improved economic conditions and increased confidence in the country’s financial stability.
Call to Action
For those interested in learning more about the Egyptian economy and its impact on the foreign exchange market, Egypt’s Central Bank provides regular updates and insights. Additionally, Bloomberg offers comprehensive coverage of global financial markets and economic trends.
stay tuned for more updates on the evolving economic landscape in Egypt and beyond.
