US Dollar Exchange Rate Stabilizes Against Egyptian Pound in Midday Trading

The US dollar exchange rate witnessed relative stability against the Egyptian pound during midday trading on Tuesday across major banks, as market participants closely monitor any potential movements in the American currency in the coming period.

At the Central Bank of Egypt, the dollar was quoted at EGP 51.93 for buying and EGP 52.07 for selling. The National Bank of Egypt recorded rates of EGP 51.97 for buying and EGP 52.07 for selling. Similarly, Banque Misr quoted the dollar at EGP 51.97 for buying and EGP 52.07 for selling.

At Bank of Alexandria, the dollar stood at EGP 51.96 for buying and EGP 52.06 for selling. The Commercial International Bank (CIB) also recorded the same rates of EGP 51.96 for buying and EGP 52.06 for selling.