Dollar Ups Against Egypt Pound, Euro Falls

The US dollar’s price against the Egyptian pound has put up on Wednesday to EGP 6.7938 (buy price) and EGP 6.8239 (sell price), compared to Tuesday’s EGP 6.7893 (buy price) and EGP 6.8194 (sell price).

The pound sterling also increased on Wednesday EGP 10. 2454 (buy price) and EGP 10.4943 (sell price), as opposed to Tuesday’s levels of EGP 10.2129 (buy price) and EGP 10.4596 (sell price).

On Wednesday, the exchange rates of euro, pound sterling, yen, and Swiss franc rose.

The Swiss franc surged to EGP 7.1316 (buy price) and EGP 7.3038 (sell price), compared to Tuesday’s levels of EGP 7.1238 (buy price) and EGP 7.2966 (sell price).

Additionally, the yen’s price against the Egyptian pound also increased as the ¥100 hit on Wednesday EGP 7.0988 (buy price) and EGP 7.2692 (sell price), compared to Tuesday’s levels of EGP 7.0793 (buy price) and EGP 7.2485 (sell price).

For the Arab currencies which also continued their rallies on Wednesday, the Saudi riyal hit EGP 1.8064 (buy price) and EGP 1.8247 (sell price), as opposed to Tuesday’s levels of EGP 1.8053 (buy price) and EGP 1.8235 (sell price). The UAE dirham reached EGP 1.8482 (buy price) and EGP 1.8933 (sell price), as opposed to Monday’s levels of EGP 1.847 (buy price) and EGP 1.8921 (sell price).

On the contrary, the exchange rates of euro and Kuwaiti dinar fell on Wednesday.

Euro has reached EGP 8.7383 (buy price) and EGP 8.9494 (sell price), compared to Tuesday’s levels of EGP 8.7609 (buy price) and EGP 8.9747 (sell price).

The Kuwaiti dinar surged to EGP 23.6844 (buy price) and EGP 24.3654 (sell price), compared to Tuesday’s levels of EGP 23.6979 (buy price) and EGP 24. 3793 (sell price).

The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on Wednesday according to the National Bank of Egypt (NBE):