Selling pressures on dollar prices in Egypt .. Foreign and Arab currency trading on Saturday May 25 The price of the dollar, euro and Saudi riaries on Egyptian banks and stock exchanges



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Today we are reviewing with you the price of the dollar and the euro rate in Egypt today against the Egyptian pound, which we will review without interruption and follow with you any changes in euro prices in Egyptian banks and currency companies and in the parallel parallel market where price of the euro in Egypt fell in relation to the pound during the period In the past the reference to the price of the euro in the Egyptian banks is of great interest to the Egyptians because of the impact of the European currency on the Egyptian citizen and the prices of the goods he want to purchase, European products account for a large chunk of the invoice of imported goods in Egypt, This is the importance of follow-up with the rates of feminization euro and monitoring for any price changes on the euro price, whether local banks or exchange companies.

It should be noted that the price of the US dollar in Egypt is the same as in my life, which touches the heart of the Egyptian citizen because the price of the dollar is linked to the price of the basic commodities consumed by Egyptian citizens, main factor of inflation control. Long stability of the dollar and the exchange rates and the Arabs and extended for many months, Fuji all fall sharply in the dollar price levels close to 18 pounds, fell with the dollar price to levels of 17.03 pounds against the dollar, and thus prices fell for all foreign currencies and Arab pound against the same percentage percent of the dollar's decline against the dollar due to the closely linked price of the Egyptian pound to the dollar.

The prices of the dollar, foreign currencies and Arabic today

Prices in dollars today in Egyptian banks
The price of the dollar today in Egypt

Reasons for the decline in the price of the dollar in the last period

One of the main reasons for the dollar's decline in May was the announcement by an official source at the Central Bank of Egypt of the unprecedented cash flow in May 2019, where cash flow swallowed $ 4.471 billion, without clarification on the nature of this amount, direct investments or investments in securities instruments and treasury bills. Thus, cash flows in foreign currency have reached a historic and unprecedented number, this being one of the most important factors in the fall of the price of the dollar in the last period.

The price of the dollar and foreign and Arab currencies in Egypt

  • The price of the dollar in Egypt's banks and exchange companies has witnessed relative stability in recent weeks to move between 17 and 17.05 to sell and buy, and stability should continue in the short term.
  • The price of the euro in Egyptian banks and currency companies is also stabilizing against the Egyptian pound, although the price fluctuation is more noticeable than the dollar against the pound due to the movement of the euro against the dollar in the main international exchange markets .
  • The price of Saudi Arabia's central bank in Egypt by banks and foreign exchange companies has been stable in recent weeks, and the movement of its prices is linked to the movement of the dollar against the pound sterling, due to the correlation between the pound sterling and the US dollar -American.

Exchange rates today at Egyptian banks against the pound

Coin Highest purchase price Lower sales price
Dollar

16.86

Banque Misr Iran Development

16.90

National Bank of Greece

Euro

18.83

Bank of Egypt

18.86

Central Bank of Egypt

British Pound

21.31

Bank of Egypt

21.39

Arab International Bank

The Saudi Rial

4,49

Egyptian Gulf Bank

4.51

Industrial Development Bank

United Arab Emirates Dirham

4.60

Egyptian Gulf Bank

4.60

Industrial Development Bank

The Jordanian dinar

23.80

National Bank of Egypt

23.89

Credit Agricole

Kuwaiti Dinar

55.36

Bank of Egypt

55.00

Arab International Banking Company

Omani Rial

43.77

National Bank of Egypt

43.97

Bank of Alexandria

Bahraini Dinar

44.70

National Bank of Egypt

44.91

Bank of Alexandria

Positive factors affecting the price of the dollar and other currencies of the banks and expectations of dollar prices

  • Stop the import of natural gas, followed by the supply of almost US $ 3 billion annually
  • Egyptian expatriate remittances increased to their highest levels
  • Egypt's share of exports increased by a large and growing
  • Reduce the volume of Egyptian imports, ease the burden of withdrawals from the cash reserve and reduce the demand for foreign exchange
  • Increase direct investments, whether foreign or domestic
  • Increase Suez Canal revenues by increasing foreign exchange gains

The price of the dollar and the currencies of exchange companies

Dollar prices, foreign currencies and other foreign exchange companies are almost identical to those of all Egyptian banks, due to the disappearance of the black market and parallel exchange transactions in Egypt due to the liberalization of the exchange rate and the introduction of currency in the law of supply and demand. The margin of the selling and buying price, making trading in the currency as a means of rapid gain, is not a small return.

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Dollar expectations in the short and medium term

The price of the dollar is currently at an important support level of 17 pounds. This price zone has kept the dollar from falling to a lower level. If the price of 17 does not break, the dollar against the pound is expected to return to the level of 17.35 pounds against the dollar. The price of 17 was broken, so the dollar could continue to fall to 16.8 pounds against the dollar.

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