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"Update" Tuesday's Currency Prices || 13 August 2019: Dollar, Saudi Riyal, Euro in Banks and Black Market in the Morning



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Follow us daily Exchange rates today To EgyptAt Banks, Parallel Markets, and US, Euro and Saudi Riyal prices, we suggest you update daily with the latest exchange rates at banks as well as the black market, in addition to the effects that affect currency prices up and down and the causes of black market activity or decline.

The currency's overall performance over the last six months is the stability of the US dollar and the Saudi rial, while the euro continues to fluctuate due to its correlation with the global price of global currency exchanges, and the dollar, like most currencies, has returned to decline again due to improved credit rating of Egyptian loans to P1.

The price of dollars and currencies today in banks
The price of dollars and currencies today in banks

Prices of dollars and currencies in Egypt

  • Dollar exchange rate at banks: The dollar against the Egyptian pound in banks has stabilized today at its average prices on the Egyptian market for more than a month.
  • Bank Euro Price: The euro rose in trade last month, driven by the rise in the price of international currency exchanges and the gradual decline in Egyptian banks, taking into account the average purchase price of £ 21.10 and the average sale of £ 20.40.
  • Saudi Riyal Rates in Banks: The stability of the Saudi exchange rate in Egyptian banks has continued for the second consecutive month, with the same average prices, after the end of the pilgrimage reservation period.

Exchange rates today at Egyptian banks against the pound

currency Highest purchase price Lowest selling price
The dollar

16.52

Mashreq Bank

16.58

Commercial International Bank (EIB)

euro

18:50

Mashreq Bank

18.61

Central Bank of Egypt

Pound Sterling

20.08

Arab International Bank

20.05

HSBC HSBC

Saudi rial

4.41

Gulf Egyptian Bank

4.42

Commercial International Bank (EIB)

United Arab Emirates Dirham

4.51

Gulf Egyptian Bank

4.52

Bank of Alexandria

The Jordanian dinar

23.33

Banking Audi

23.43

Credit Agricole

The Kuwaiti dinar

54.32

Arab International Banking Company

54.60

Commercial International Bank (EIB)

Omani rial

42.88

National Bank of Egypt

43.09

Bank of Alexandria

Bahraini Dinar

43.79

National Bank of Egypt

44.01

Bank of Alexandria

Factors affecting exchange rates in banks

  • The US dollar has been influenced by the increase in Egyptian banks' green currency monetary reserves and the fall in inflation and improvement in the Egyptian economy.
  • The euro is influenced by Egyptian banks in the international price of the European currency against the dollar.
  • The price of the Saudi Riyal is influenced by the supply and demand law and the increase in the bank reserves of the Saudi currency. The demand for rial is increasing at the time of booking by travel companies in the seasons of travel to perform Umra and Hajj, where the reservation is in Saudi Riyals. While dealers resort to the black market in the absence of the right banks, leading to a recovery.

Black market exchange rates

Since the decision to liberalize the pound exchange rate against currencies about two years ago, black market trading has become a disadvantage for traders. banks.

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

modernization

While the attachment of the euro and the sterling to the Egyptian market is linked to the global price of European currencies on world currency exchanges, which is strongly influenced by the political and economic conditions of the euro area, and the decisions to separate the British economy from the euro area, Brexit and the rise of the US dollar currency exchanges mainly lead to a decline in European currencies, and thus the euro falls to Egyptian banks.

The dollar is linked to Egyptian banks under the supply and demand law and also closely linked to the Egyptian Central Bank's monetary reserves, which has recently led to a steady decline in green currency due to the central bank's announcement of an increase in the dollar reserve from above $ 46 billion.

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