Update currency prices on Wednesday Dollar, Saudi Rial and Euro on Banks and Black Market … at night



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Follow us daily Exchange Rates Today In EgyptThe banks and the parallel market and the prices of the US dollar, the euro and Saudi Arabia show daily updated exchange rates at banks as well as on the black market, in addition to the effects that affect the prices of currencies up and down and the reasons for the activity or the decline of the black market.

The Egyptian pound exchange rate against the currencies has stabilized significantly against the price of about two years ago, the direction of stability in the short-term exchange of currencies and the gradual fall in prices in the medium term, while analysts see the high of the pound against all currencies in the long run.

Dollar and currency prices today in banks
Dollar and currency prices today in banks

Dollar and currency prices in Egypt

  • Dollar rate in banks: The dollar's rate against the Egyptian pound has stabilized in banks today compared to its average price in the Egyptian market in over a month.
  • Euro rate on banks: The euro rose on the trading floor last month, affected by the rise in the price of international stock markets and the gradual decline of Egyptian banks, recording an average purchase price of 21.10 pounds and the average selling price of 20 , 40 pounds.
  • The price of the Saudi Riyal in the banks: The stability of the Saudi exchange rate in the Egyptian banks for the second consecutive month continued in the same price averages after the end of the Hajj period.

Exchange rates today at Egyptian banks against the pound

Coin Highest purchase price Lower sales price
Dollar

17.29

Islamic Bank of Abu Dhabi

17.30

Egyptian bank of Arab lands

Euro

19.60

Islamic Bank of Abu Dhabi

19.68

Arab International Bank

British Pound

22.90

Islamic Bank of Abu Dhabi

17.37

Arab International Banking Company

The Saudi Rial

56.82

Arab International Banking Company

4.62

Arab International Bank

United Arab Emirates Dirham

4,70

Islamic Bank of Abu Dhabi

4,72

Arab International Bank

The Jordanian dinar

24.32

Bank of Egypt

24.46

Credit Agricole

Kuwaiti Dinar

58.18

Suez Canal Bank

57.10

Arab International Bank

Omani Rial

44.90

Islamic Bank of Abu Dhabi

45.04

Egyptian Gulf Bank

Bahraini Dinar

45.86

Islamic Bank of Abu Dhabi

45.99

Bank of Alexandria

Factors influencing the exchange rates of banks

  • The US dollar is affected by the increase in Egypt's greenback banks' cash reserves, low inflation and indicators of Egyptian economic growth that have gradually declined over the medium term to their long-term fair LE14 and LE11 levels.
  • The euro is influenced by Egyptian banks at the global price of the European currency against the dollar, while the dollar retreats, the European currency is rising in the foreign exchange market and also rising in the Egyptian banks.
  • The Saudi riyal is affected by the law of supply and demand and the high reserves of banks of the Saudi currency. The demand for riyal is increasing at the time of reservation of tour companies in the travel seasons for the realization of the Umrah and pilgrimage where the reserve is on the Saudi rial. While traders turn to the black market in the absence of the availability of rial banks, which leads to recovery.

Coins on the black market

The price of currencies on the black market is linked to the law of supply and demand, since the decision to liberalize the exchange rate of the pound against currencies for about two years and movement on the black market is not preferred to traders, such as exchange rates on the black market. Banks

  • The average dollar price on the black market buys 17.88 pounds and sells 17.75 pounds.
  • The average price of the Saudi riyal on the black market is 4.80 pounds and selling 4.75 pounds.
  • Average price of the euro on the black market buy 20.60 pounds and sell 20.90 pounds.

Black market prices are approximate, they vary from place to place according to supply and demand, and the black market has been shrinking and suffering in recent years because of the improvement in the dollar's exchange rate against currencies.

Update

The price of the euro depends on the Egyptian banks on the global price of the European currency on the international stock exchanges after the breakup of the Egyptian pound in 2011.

Arab and foreign currencies opened their trading on Wednesday, a decline in US dollar buying and selling prices and a sharp drop in the purchase price of Saudi rials, and the high selling price of the euro.

In afternoon trade, the US dollar was trading and selling, the selling price of the euro fell and the Saudi rial remained unchanged.

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