Egyptian Pound Sees Fluctuations Against Saudi Riyal Amid Hajj Season
Cairo, Egypt – The Egyptian pound (EGP) experienced mixed trading against the Saudi riyal (SAR) in Egyptian banks on Wednesday, June 4, 2025. Some banks saw slight variations in exchange rates, while others remained stable, coinciding with the annual Hajj pilgrimage season.
Exchange Rates Across Major Banks
- National Bank of Egypt (NBE): The SAR exchange rate remained steady at EGP 13.18 for buying and EGP 13.25 for selling.
- Banque Misr: Similar to NBE,Banque Misr also quoted SAR at EGP 13.18 for purchase and EGP 13.25 for sale.
- Commercial International bank (CIB): CIB reported a rate of EGP 13.20 for buying and EGP 13.19 for selling the Saudi riyal.
- Credit Agricole Bank: The exchange rate at Credit Agricole was EGP 13.16 for buying and EGP 13.26 for selling.
- Central Bank of Egypt (CBE): The CBE set the rate at EGP 13.23 for buying and EGP 13.25 for selling.
- Bank of Alexandria: The SAR was exchanged at EGP 13.21 for buying and EGP 13.25 for selling.
- United Bank: The buying rate was EGP 12.79, while the selling rate was EGP 13.25.
- National Bank of Kuwait (NBK): NBK quoted EGP 13.14 for buying and EGP 13.27 for selling.
- Abu Dhabi Islamic Bank, Egypt: The rate was EGP 13.24 for buying and EGP 13.26 for selling.
Did You Know?
The Hajj season often influences currency exchange rates due to increased demand for Saudi riyals from Egyptian pilgrims traveling to Mecca.
Expert insights
Currency analysts suggest that the stability in some banks may be due to the Central Bank’s efforts to manage exchange rate volatility during peak seasons. Though, slight variations reflect market dynamics and individual bank policies.
Pro Tip
Travelers are advised to compare exchange rates across multiple banks before converting currency to get the best possible deal.
