Tag:

dollar price

Title: Buying and selling prices of the dollar in Egyptian banks today, Thursday 11-27-2025

by Priya Shah – Business Editor November 27, 2025

written by Priya Shah – Business Editor

Dollar Exchange‍ Rates ‌Hold⁢ Steady Across Major ⁤Egyptian Banks⁢ on November 27, 2025

Cairo – Exchange rates for the ⁣U.S. dollar remained largely consistent ⁣across Egypt’s leading ⁢banks as of close of business on Thursday, November 27, 2025. thes rates are closely watched by Egyptians, impacting import costs, remittances, ⁤and the broader economy amid ongoing financial reforms. Fluctuations in the dollar’s value directly affect the price of essential goods and services, influencing household budgets and business investment decisions.⁤

The Central Bank of Egypt reported a rate of ‌47.64⁣ egyptian pounds to purchase and 47.77 pounds to sell the dollar. ⁤This benchmark rate provides a reference point for commercial banks, though slight variations exist. The stability ⁣observed today follows recent‍ adjustments⁤ aimed at curbing inflation and stabilizing the Egyptian pound.

National Bank of Egypt and Banque misr both listed the dollar at 47.67 pounds for buying and 47.77 pounds for selling. ⁢The Bank of Alexandria mirrored these rates. The Commercial International Bank (CIB) offered a slightly lower buying⁢ rate of 47.65 pounds, with a selling price of 47.75 pounds.

Al baraka Bank posted a buying rate of 47.64 pounds and a selling rate ‌of 47.74 pounds.Abu ⁢Dhabi‍ Commercial Bank recorded the lowest buying rate at 47.60 ‍pounds, with a selling rate of 47.70 pounds. Credit Agricole Bank offered 47.65 pounds to purchase and⁢ 47.75 pounds to sell. the ‌Egyptian Arab Land Bank quoted 47.67 pounds for buying and 47.77‍ pounds for selling.

November 27, 2025 0 comments

Business

Title: Dollar Price Decline in Egypt: Factors and Implications

by Priya Shah – Business Editor November 12, 2025

written by Priya Shah – Business Editor

Egyptian⁤ Pound Gains Strength, Dollar Price Declines 7.1% in 2025

Cairo, Egypt – November 12, 2025 – Teh⁣ price of the U.S. dollar ⁣in Egypt has fallen by 7.1% since January 1, ‍2025,⁣ bolstered by ⁤increased foreign exchange inflows adn a strengthening Egyptian pound. The Central Bank of Egypt (CBE) attributes this positive trend to rising remittances from Egyptians working abroad and a surge in bank transfers, ⁢contributing to stability in ‌commodity prices and easing inflationary ⁢pressures linked to exchange rate volatility.

This growth‌ offers potential relief to Egyptian consumers and businesses facing‍ import costs denominated in U.S.dollars. A stronger pound reduces the cost of imported ‍goods,potentially lowering inflation and supporting economic growth.⁤ However,financial⁢ market analysts caution that the gains remain vulnerable to ⁣sudden shifts in global markets and fluctuations ⁢in foreign exchange flows.

According to a recent CBE announcement,remittances from Egyptian⁢ workers overseas experienced a significant increase during the first eight months‌ of 2025,reaching $26.6 billion – ⁤a 47.2% rise compared to the ⁢$18.1 billion recorded during the same period in 2024. Further contributing to the positive trend, transfers to Egypt in August 2025 rose by⁤ 32.6% to approximately $3.5 billion,up from $2.6 billion in August 2024.

The CBE continues to monitor global market⁣ conditions and⁣ potential risks to maintain financial stability and⁣ manage ⁣exchange rate fluctuations.

November 12, 2025 0 comments

Business

Title: Price of the Dollar in Peru Today: October 30, 2025

by Priya Shah – Business Editor October 30, 2025

written by Priya Shah – Business Editor

Dollar in Peru: Exchange Rate Update – October 30, 2025

Lima, Peru – The Peruvian Sol continues⁢ to fluctuate against the US dollar, ⁣with current exchange rates varying across financial institutions as of October 30, 2025.Understanding these ⁣rates is crucial for businesses, travelers,⁤ and individuals engaging in international‌ transactions.⁢ The Central Reserve Bank of Peru⁤ (BCRP) ‌closely monitors these movements, influencing monetary‌ policy and overall economic stability.

Today’s rates show a purchase price ranging from S/3.3050 (Scotiabank) to S/3.525 ‍(BBVA), while the sale price ranges from S/3.412 (Interbank) to S/3.540 (BBVA). Specifically, Interbank offers a ⁤purchase rate of S/3,372 and a sale‌ rate of S/3,412. BBVA lists a purchase rate‍ of S/3,525 and⁣ a ‍sale rate‍ of S/3,540. Bank‍ of the Nation’s rates are S/3.3200 for purchase and ⁣S/3.4500 for ‍sale, and Scotiabank’s are S/3.3050 and S/3.4850, respectively.

Looking⁣ ahead, the BCRP’s Macroeconomic Expectations Survey projects the exchange rate to close 2025 ⁣at⁤ S/3.75 per dollar. Forecasts for 2026 anticipate a range of S/3.75 to⁣ S/3.78 per dollar, with‌ a slight variability expected in ‍2027, estimating between S/3.75 and S/3.80 per dollar. Recent adjustments ⁢indicate‍ a slight downward ⁢correction in the next 12 months,with the average ‌forecast shifting from S/3.76 in Febuary to S/3.75 in ⁤March. These projections are key indicators‌ for market prospects and are ⁢published in the BCRP Weekly note.

October 30, 2025 0 comments

Business

Title: Gold Price Plunges: Biggest Drop in 5 Years – Causes & Analysis

by Priya Shah – Business Editor October 22, 2025

written by Priya Shah – Business Editor

Gold Plunges over 6%, ‍Marking Biggest Single-Day Drop Since April 2013

NEW YORK – Gold prices experienced a dramatic decline today, falling as much as 6.3% during intraday trading – the largest single-session drop as April 2013. The precious metal, which recently hit a record ⁢high, traded as low as $4,082.03 per ounce.If the⁢ losses hold through the close of trading,⁢ it will represent the steepest decline as August 11, 2020, when gold lost 5.69%.

The sharp downturn follows a period of ⁣important gains for gold, which has risen 57% year-to-date, culminating in ⁢a peak of $4,379.93 per ounce last Friday. The sell-off ‌is attributed to a confluence of factors,including easing demand for safe-haven assets as trade talks between the U.S. and China approach, the conclusion of seasonal purchases in India, and a‌ strengthening U.S. dollar.‌ This price correction ‍impacts investors holding gold as well as the broader precious metals market, with silver also falling sharply, down 7.5% to around $48.5 per ounce.

Market analyst Manuel Pinto of RPP ⁤noted the decline is linked ‍to “demand for safe haven precious metals has cooled⁢ a bit, as ⁢US President‌ Donald Trump and China’s Xi Jinping meet next week⁣ to resolve their trade differences.” ‌He also pointed to the end of “a wave of seasonal purchases in‍ India” triggering “a wave of selling in gold.”

Further contributing to the downward pressure, according ‍to Pinto, is “the strengthening of the dollar, which has made precious metals more expensive‍ for global buyers, and ⁣the uncertainty about investor positioning due ⁢to the US government shutdown.” Axel Botte, head ⁣of market strategies ⁣at Ostrum AM, suggested that some market ‌participants⁣ believe the recent surge in gold prices had become unsustainable.

October 22, 2025 0 comments

Business

Title: Dollar Exchange Rate: Prices Rise in 8 Egyptian Banks – December 10, 2025

by Priya Shah – Business Editor October 12, 2025

written by Priya Shah – Business Editor

Books – Ahmed ‌Al-Khatib:

03:44 PM

⁢

⁣12/10/2025
⁣

⁢

Cairo, Egypt – the U.S. dollar experienced gains against the Egyptian pound in eight banks today, Sunday, December 10, 2025, as trading concluded, signaling a shift in the ‍currency‍ exchange landscape.

The increase, ranging from 31 to 35 piasters, impacts importers, businesses with ‍dollar-denominated debts,⁢ and ⁢consumers anticipating price ⁣adjustments for ‍imported goods. Egypt’s economy is heavily reliant on ‍imports,making fluctuations in the dollar’s ‍value a key indicator of inflationary pressures and overall economic health. continued monitoring of⁣ these rates is crucial as the government navigates ongoing economic reforms.

Here’s a breakdown of dollar prices ⁤at the close of trading across ten major Egyptian banks:

National⁣ Bank of ⁣Egypt reported a rate of ⁤47.84 pounds for⁢ purchasing dollars and 47.94 pounds for selling, reflecting a 33-piaster ‍increase across the board.

Banque⁣ Misr mirrored this increase, also setting its rates at 47.94 pounds to buy and 47.94⁤ pounds to sell – ⁢a 33-piaster rise.

Banque du Caire and Commercial International Bank both posted rates of 47.84 pounds for buying and 47.94 pounds for selling, each with ‌a 33-piaster increase.

Al Baraka Bank saw a ‌32-piaster increase, with ⁤rates at 47.8 pounds ⁣to‌ buy and 47.9 pounds to sell.

Suez Canal‍ Bank followed ‌suit with a 33-piaster increase, ⁢offering 47.84 pounds for purchases and 47.94 pounds for sales.

Credit Agricole‌ recorded the largest increase of ⁤the day at 35 piasters, with rates of 47.82 pounds to ⁢buy and 47.92 pounds to sell.

Bank of ⁣Alexandria’s rates settled‌ at 47.83 pounds to buy‍ and 47.93 pounds to sell, representing a‌ 31-piaster⁤ increase.

In contrast, housing and⁣ Development Bank decreased⁤ its rates by one⁢ piaster for both buying and selling, settling at 47.51 pounds for purchases and 47.61 pounds for sales.

Abu Dhabi Islamic⁢ Bank also saw a decrease,‌ with rates ⁣at 47.54 pounds to buy (down one piaster) and 47.63 pounds to sell (down two piasters).

October 12, 2025 0 comments

Business

Dollar Falls to 3.46 Soles: Lowest Since 2016 – Key Drivers Revealed

by Priya Shah – Business Editor October 4, 2025

written by Priya Shah – Business Editor

Dollar Reaches Lowest ⁤Level Since 2016, Closing ⁢at S/ 3.46

LIMA, Peru – The U.S. dollar experienced continued decline in Peru, closing today⁢ at S/ 3.46, a rate ‍not seen since ‍March 2016, according to the Central Reserve Bank of Peru (BCRP). Online exchange houses are currently ⁣offering ⁢the dollar‍ for sale at an average of S/ 3.47.

This significant ⁤drop⁤ in the exchange rate impacts importers, who‍ will find goods priced in dollars more‌ affordable, and potentially signals a period of reduced inflationary pressure for consumers.⁣ The downward trend reflects⁢ a combination of international ⁢factors and domestic economic signals, suggesting a shift in ⁢market sentiment regarding the stability⁢ of the Peruvian Sol. Experts anticipate continued‍ monitoring of⁤ U.S. economic data ‍for further clues about the dollar’s trajectory.

Today’s closing price of S/ 3.4640 ‌represents a decrease from Thursday’s⁤ rate of S/ 3.4760. Throughout the day, the dollar⁤ fluctuated between a high of S/ 3.4730 and a low of S/ 3.4580, with a total of 320 ⁣million dollars negotiated at an ‍average rate of S/ 3.4648.

Internationally, the‍ dollar is facing headwinds, experiencing its worst week as July.Uncertainty surrounding a potential U.S. ⁤government shutdown has limited the release of key economic data, contributing to ⁣market calm. The Japanese Yen also saw a slight retreat following strong profits and⁢ a more cautious stance from‍ Bank of Japan Governor Kazuo Ueda regarding global‍ risks, tempering ⁤expectations of near-term interest rate hikes.

Contributing to the dollar’s decline,weak labor data and falling private payrolls⁣ in the United States are reinforcing expectations that the‌ Federal Reserve will pause interest rate increases twice this ⁣year – in October and ⁤potentially December,according to Jesús Flores Ríos,Commercial Manager⁢ of Intermediation of Currency for rent4 SAB.

October 4, 2025 0 comments

Newer Posts

Older Posts