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"Currency Renewal" on Friday July 12, 2019. Dollar, Saudi Riyal and Euro Banks and Black Market … Morning



Follow us daily Exchange rates today In EgyptBanks and the parallel market and US Dollar, Euro, and Saudi Riyal prices give you daily updated exchange rates on both the banks and the black market in addition to the effects that affect the currency prices up and down and the causes of the activity or decline of the black market.

The overall performance of the currencies in the past six months was the stability of the US dollar and the Saudi Rial until the euro continued to fluctuate because of its correlation with the global price of the global currency exchange. The dollar and most currencies retreated again because of the improved credit rating. Egyptian to B1.

Prices of the dollar and the currency today in the banks
Prices of the dollar and the currency today in the banks

Prices of the dollar and the currency in Egypt

  • The dollar exchange rate in the banks: The exchange rate of the dollar against the Egyptian pound has stabilized today in the banks at its average price on the Egyptian market for more than a month.
  • The euro in banks: The euro rose in trade last month, driven by rising international currency prices, and a gradual decline in Egyptian banks, averaging £ 21.10 and an average £ 20.40.
  • The Saudi Riyal in the Bank: The stability of the Saudi exchange rate in Egyptian banks for the second consecutive month continued with the same average prices after the end of the Hajj period.

Currency exchange rates today in Egyptian banks against pounds

currencyHighest purchase priceThe lowest selling price
dollar

16.57

Bank Mashrek

16.65

National Bank of Kuwait NBK

euro

18.67

The Central Bank of Egypt

18.67

Arab International Bank

Fun sterling

20.78

The Central Bank of Egypt

20.75

Arab International Bank

Saudi rial

4.42

Egyptian Bank of the Persian Gulf

4.44

Bank of Alexandria

Dirham from the United Arab Emirates

4.52

Egyptian Bank of the Persian Gulf

4.53

Bank of Alexandria

The Jordanian Dinar

23.40

The National Bank of Egypt

23.51

Credit Agricole

Kuwaiti dinar

54.43

The National Bank of Egypt

54.79

Arab International Bank

Omianski rial

43.04

The National Bank of Egypt

43.25

Bank of Alexandria

Bahrain Dinar

43.95

The National Bank of Egypt

44.16

Bank of Alexandria

Factors influencing banks' exchange rates

  • The US dollar is influenced by the increase in Egyptian banks' monetary reserves from the greenback, the low inflation and the improving indicators of the Egyptian economy, which are gradually decreasing in the medium term until they reach the long-term fair LE14 and LE11 levels.
  • The euro has been influenced by the Egyptian banks at the global price of the European currency against the dollar, and in the retreat of green money, the European currency is on the forex market and in Egyptian banks is rising.
  • Saudi rial is affected by the law of supply and demand and high reserves of banks in the Saudi currency, with demand for rial increasing during booking by travel companies in the travel seasons for the Umrah presentation and the worship where Saudi Arabia is booked. , While traders resort to the black market in the absence of availability of rival banks, which leads to recovery.

Currencies on the black market

The black market currencies are related to the supply and demand laws, and after the decision to liberalize the pound against the currencies two years ago black market trading is not preferred by traders and the black market exchange rate is close to the official price. banks.

  • The average price of the dollar on the black market buys 17.88 pounds and sells 17.75 pounds.
  • The average price of Saudi rials on the black market is £ 4.80 and sells 4.75 pounds.
  • The average price of the euro on the black market buys 20.60 pounds and sells 20.90 pounds.

Black market prices are approximate, varying from place to place according to supply and demand, and the black market has shrunk and suffered in recent years due to the improved dollar exchange rate against currencies.

modernization

The dollar's price is related to the Egyptian demand and supply law and is closely related to the central bank's monetary reserves, which led to the recent decline in green money due to the announcement by the central bank that dollar reserves would rise to more than $ 46 billion.

The euro is linked to Egyptian banks, the black market, the global price of foreign currencies, European currencies against the dollar, and the rise of the dollar due to the optimism of investors in the US economy has led to a decline in both European currencies and gold.

The price of Saudi rial is related to the demand and supply law, which is related to the high demand for rial during the Hajj and Death reservation.


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