The US dollar edged lower against the Egyptian pound on Sunday, , according to reports from several Egyptian banks. The slight depreciation reflects continued market dynamics within the Egyptian economy, though the movement appears modest.
At the National Bank of Egypt, the dollar was trading at 46.75 Egyptian pounds for purchases and 46.85 Egyptian pounds for sales. The Central Bank of Egypt maintained its rate at 46.75 Egyptian pounds for purchases and 46.89 Egyptian pounds for sales. Commercial International Bank (CIB) also quoted a rate of 46.75 Egyptian pounds for purchases and 46.85 Egyptian pounds for sales, while Alexandria Bank reported 46.74 Egyptian pounds for purchases and 46.84 Egyptian pounds for sales.
Housing and Development Bank offered a rate of 46.75 Egyptian pounds for purchases and 46.85 Egyptian pounds for sales and Banque Misr quoted 46.76 Egyptian pounds for purchases and 46.86 Egyptian pounds for sales. Al Baraka Bank offered 46.70 Egyptian pounds for purchases and 46.80 Egyptian pounds for sales, while Credit Agricole reported 46.69 Egyptian pounds for purchases and 46.79 Egyptian pounds for sales.
Dollar Exchange Rates at Major Egyptian Banks
National Bank of Egypt
- 46.75 Egyptian pounds for purchases
- 46.85 Egyptian pounds for sales
Banque Misr
- 46.76 Egyptian pounds for purchases
- 46.86 Egyptian pounds for sales
Alexandria Bank
- 46.74 Egyptian pounds for purchases
- 46.84 Egyptian pounds for sales
Commercial International Bank (CIB)
- 46.75 Egyptian pounds for purchases
- 46.85 Egyptian pounds for sales
Al Baraka Bank
- 46.70 Egyptian pounds for purchases
- 46.80 Egyptian pounds for sales
Credit Agricole
- 46.69 Egyptian pounds for purchases
- 46.79 Egyptian pounds for sales
Housing and Development Bank
- 46.75 Egyptian pounds for purchases
- 46.85 Egyptian pounds for sales
The slight weakening of the dollar against the Egyptian pound follows a period of significant volatility in the exchange rate. According to exchange rate data from , as reported by exchange-rates.org, 100 US dollars is equivalent to 4,661.58 Egyptian pounds, with an exchange rate of 46.616 Egyptian pounds per US dollar. This represents a decrease in the dollar’s value compared to the Egyptian pound.
Over the past year, the USD/EGP rate has decreased by 7.46%, indicating a strengthening of the Egyptian pound. The highest USD/EGP exchange rate in the last year was 51.634 Egyptian pounds per US dollar on April 9, 2025, while the lowest was 46.767 Egyptian pounds per US dollar on . The average exchange rate over the past year was 48.856 Egyptian pounds per US dollar.
Data from Wise.com shows a similar trend, with the exchange rate currently at 46.85 Egyptian pounds per US dollar, reflecting a 0.000% change since the previous day. Over the past week, the USD/EGP rate has fluctuated between a high of 46.98 on , and a low of 46.77 on . The largest 24-hour price movement occurred on , with a 0.257% decrease in value.
The recent stability, and slight strengthening of the Egyptian pound, may be attributed to a number of factors, including central bank interventions and broader economic conditions. However, the Egyptian economy continues to face significant challenges, and the exchange rate remains sensitive to global economic developments and investor sentiment. The relatively narrow trading range observed in recent days suggests a period of consolidation, but further volatility cannot be ruled out.
The current exchange rate environment is crucial for Egyptian businesses involved in international trade, as well as for individuals sending or receiving remittances. A stronger Egyptian pound reduces the cost of imports and can help to curb inflation, while a weaker pound makes Egyptian exports more competitive. The Central Bank of Egypt will likely continue to monitor the exchange rate closely and intervene as necessary to maintain financial stability.
