Kuwaiti Dinar Exchange Rates in Egypt: A Slight Decline in Value on January 23, 2025
The Kuwaiti dinar, the official currency of the State of Kuwait, is widely recognized for its stability and strength in global markets. However,on Thursday,january 23,2025,its value in Egypt experienced a slight decline across both the black market and various Egyptian banks. This shift has sparked interest among traders, investors, and individuals engaged in cross-border transactions.
Kuwaiti Dinar on the Black Market
On the black market, the Kuwaiti dinar traded at 165.02 Egyptian pounds for a single unit. This rate reflects a minor dip compared to previous days, signaling a cautious approach among currency traders. For larger transactions, the rates were as follows:
- 5 Kuwaiti dinars = 825.1 Egyptian pounds
- 10 Kuwaiti dinars = 1,650.2 Egyptian pounds
- 100 Kuwaiti dinars = 16,502 Egyptian pounds
- 1,000 Kuwaiti dinars = 165,020 Egyptian pounds
These figures highlight the Kuwaiti dinar’s continued strength against the Egyptian pound, despite the recent decline.
Bank Exchange Rates: A Comparative Analysis
The Kuwaiti dinar’s performance in Egyptian banks also showed a downward trend. At Banque Misr, the currency was purchased at 163,298 Egyptian pounds and sold at 162,339 Egyptian pounds. Meanwhile, other major banks reported varying rates:
| Bank | Purchase Rate (EGP) | sale Rate (EGP) |
|—————————|————————-|———————|
| Central Bank | 163.401 | 162.854 |
| National Bank of Egypt| 163.298 | 162.189 |
| Cairo Bank | 163.298 | 162.242 |
| Abu Dhabi Islamic Bank| 163.461 | 159.651 |
| Bank of Alexandria | 163.298 | 158.225 |
| Egyptian Gulf Bank | 163.473 | 155.713 |
The Egyptian Gulf Bank offered the highest purchase rate at 163.473 Egyptian pounds, while the United Bank recorded the lowest sale rate at 152.212 Egyptian pounds.
Implications for Traders and Investors
The slight decline in the Kuwaiti dinar’s value may present opportunities for those looking to exchange currency at more favorable rates. However, experts advise monitoring the market closely, as fluctuations can occur rapidly. For individuals planning to transfer funds internationally, platforms like Wise offer competitive mid-market rates, ensuring cost-effective transactions.
Conclusion
The Kuwaiti dinar remains a robust currency in Egypt, despite the recent dip in its exchange rate. Whether you’re trading on the black market or through established banks, staying informed about the latest rates is crucial. For real-time updates and historical data, visit Exchange Rates.
As the market evolves, the kuwaiti dinar’s performance will continue to shape financial decisions across Egypt. Keep an eye on these trends to make the most of your currency exchanges.
