US Dollar Rate at Egyptian Banks:
Banque Misr: Buying EGP 50.48, Selling EGP 50.58
National Bank of Egypt: Buying EGP 50.55, Selling EGP 50.65
Faisal Islamic Bank: Buying EGP 50.58, Selling EGP 50.68
HSBC: Buying EGP 50.52, Selling EGP 50.62
Al Ahli United Bank: Buying EGP 50.66, Selling EGP 50.76
Market Expectations and Movements
This increase coincides with ongoing geopolitical tensions in the region, increased demand for foreign currencies, and a wave of speculation and changes in capital flows.
Experts expect the dollar to witness further volatility in the coming days, as markets monitor global developments, most notably tensions in the Middle East, as well as the Central Bank of Egypt's future monetary policy.