We witnessed striking movements in the price of the Saudi riyal against the Egyptian pound in various banks operating in Egypt. Let us begin our journey by looking at the exchange rates in the National Bank of Egypt and Banque Misr, where the riyal recorded a price of 8.19 pounds for purchase and 8.22 pounds for sale. These numbers reflect a mixture of stability and slight fluctuation that reflects the state of the Egyptian financial market. In the same context, we find that the average exchange rate at the Central Bank of Egypt recorded 8.22 pounds for buying and 8.24 pounds for selling. These numbers reflect subtle but significant changes in market dynamics.
The change in exchange rates was not limited to these two banks only, but extended to other banks such as the Bank of Alexandria, the Commercial International Bank, Abu Dhabi Islamic Bank, Al Baraka Bank, and the Suez Canal Bank, where prices ranged between 8.03 pounds for purchase at Al Baraka Bank and 8.25 pounds for sale in several banks. . These variations reflect the changing nature of the foreign exchange market and the influence of multiple factors such as supply and demand, financial policies, and global economic events.
It would not be an exaggeration if we say that following these price changes is a vital indicator for investors and citizens alike. It affects foreign trade, expatriate worker remittances, and even investment decisions. It is worth noting that such analyzes of exchange rates are an essential tool for predicting future economic trends and making wise decisions, whether for individuals or institutions.
Bank Buying price (Egyptian pounds) Selling price (Egyptian pounds) National Bank of Egypt 8.19 8.22 Bank of Egypt 8.19 8.22 Central Bank of Egypt 8.22 8.24 Bank of Alexandria 8.21 8.25 Commercial International Bank 8.18 8.25 Abu Dhabi Islamic Bank 8.23 8.25 Al Baraka Bank 8.03 8.25 Suez Canal Bank 8. 19 8.25
Table of exchange rates for the Saudi riyal against the Egyptian pound on the black market
Saudi Riyal Egyptian Pound 1 Saudi Riyal 12 Egyptian Pounds 5 Saudi Riyals 64 Egyptian Pounds 10 Saudi Riyals 129 Egyptian Pounds 25 Saudi Riyals 324 Egyptian Pounds
2023-11-13 10:37:25
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