dollar.. The price of the dollar was recorded today in Egypt during the beginning of trading on Wednesday, April 12, 2023. Some changes within Egyptian banks and the black market, as well as Egyptian exchange companies. With the beginning of today’s dealings, we show you the price of the dollar in Egyptian banks, moment by moment, for everyone interested in buying and selling the US dollar and trading in hard currency from speculators. green currency investors.
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The price of the dollar in Egyptian banks today, Wednesday 12-4-2023
Factors affecting the price of the dollar in Egypt
The rise or fall of the dollar price depends on several different factors, such as supply and demand, the market’s need for hard currency to import from abroad, the impact of the Egyptian Stock Exchange, and many other influencing factors, such as the following: Inflation: The current inflation rate of the Egyptian pound affects the rise in prices, whether for external or internal reasons, which is Which is reflected in the appreciation of foreign currencies and of course the rise in dollar prices. Future expectations: One of the factors affecting the exchange rate of the dollar in Egypt is the future expectations of investors and consumers, which leads to a rise in commodity prices in the country. Predicting the exact exchange rate of the dollar against the pound in the short term.
inflation in Egypt
Inflation rates rose strongly in Egyptian cities to their highest levels since July 2017, affected by the rise in food prices linked to the depreciation of the currency, as consumer prices rose on an annual basis by 32.7% last March, which is lower than economists’ expectations and up 0.8% from 31.9%. % in the month of February.
The Central Agency for Public Mobilization and Statistics said in its consumer prices report yesterday, Monday, April 10, that the price hike was due to the food and beverage group jumping by 62.9%, while prices grew on a monthly basis by 2.7%, compared to 6.5% last February.
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The price of the dollar and Arab and foreign currencies today, Tuesday 11-4-2023
