The current price of 1 US⁤ Dollar ‌is 50.1697 Egyptian Pounds (EGP) according to the ‍Central Bank ⁣of Egypt.the USD has seen ‍a change ⁢of 0%⁢ in ‍the last 24 hours‌ and ​-0.03% in the last week. The highest‌ level⁤ reached in the last month was 50.7033 EGP on 02-01-2025, and the⁣ lowest was 50.1342 EGP. BankLive⁢ offers real-time​ exchange ‍rates, with Hsbc ⁢Bank providing the highest rate to buy ‌a US ⁢Dollar at 50.32 EGP and QNB offering the ⁤lowest rate to sell at 50.16 EGP. Ta3weem.com ⁣also provides real-time updates⁢ on USD-EGP⁢ exchange rates ⁤and gold prices. Youm7.com provides live updates on dollar exchange rates and the Egyptian pound’s value ​in the market.

Egyptian Pound Strengthens: Dollar Rates Settle at Historic Low

in a notable growth for the Egyptian economy, the price of the US dollar has settled at a historic low across major banks in the country. The National‍ Bank of Egypt, Banque ‍Misr, ⁢the ⁤Bank of Alexandria, the Commercial International Bank (CIB), and Cairo Bank ​have all recorded the dollar’s value at ‍50.26 Egyptian pounds for‌ purchase and 50.36 Egyptian pounds for sale.

National Bank of Egypt
The National Bank of egypt, one⁤ of ⁤the country’s​ largest‌ financial ⁣institutions, has set the dollar’s price⁢ at ​50.26⁢ pounds for purchase and⁤ 50.36‍ pounds​ for sale.This ⁣marks ⁤a notable decrease from previous rates and reflects a strengthening Egyptian pound.

Banque⁣ Misr
Banque Misr,another major player in Egypt’s ‌banking sector,has also aligned with the new rates,offering 50.26 pounds for the purchase ​of ⁣dollars and 50.36 pounds for ‌sales. This move underscores a collective effort among⁢ Egypt’s banks to stabilize the currency market.

Bank of ​Alexandria
The Bank of Alexandria has similarly adjusted its dollar rates, setting the purchase price at ‍50.26 pounds and the sale price⁤ at 50.36 pounds.⁤ This uniformity in⁣ rates across major banks suggests a coordinated approach to managing‍ foreign exchange.

Commercial International Bank (CIB)
CIB, known for its robust financial services, has ​also adopted the⁣ new dollar rates.The bank is offering 50.26 pounds for the ⁤purchase‍ of dollars⁢ and ⁣50.36 pounds for sales. This alignment with other major banks indicates a cohesive strategy to stabilize the ⁤currency ⁢market.Cairo Bank
Cairo ⁣Bank has joined its⁣ peers in setting the dollar’s price ‍at 50.26 pounds for purchase and 50.36 pounds for sale. This consistency in⁤ rates across different banks highlights‍ a unified ​approach⁣ to managing the ⁣foreign exchange market.

Key points Summary

| Bank ‌Name ⁤ ⁤ ⁤ ⁢ | Purchase Rate (LE) | Sale Rate (LE) |
|————————–|——————-|—————–|
| National Bank ⁤of Egypt | ⁢50.26‍ ‌ ⁣ | ⁢50.36 ‍ |
|⁣ Banque Misr ​ ⁤ |​ 50.26 ⁤ ‌ | 50.36 ‍ ‍ ​|
| bank of Alexandria ‍ | 50.26 ​ | 50.36 ‍ ⁣ |
| Commercial International Bank (CIB) | 50.26 ⁣ | 50.36 ‌ ⁢ ‌ |
| Cairo⁢ Bank‌ ‌ ‍ ⁣ | 50.26⁣ ⁣ | 50.36 ​ ‌ |

Market Analysis

The recent stabilization of the dollar’s ⁣price at 50.26 pounds⁣ for purchase⁢ and 50.36 ⁤pounds for sale ‍is⁣ a positive⁢ sign for the Egyptian economy.This uniformity across major banks ​suggests a coordinated effort to manage ‌foreign exchange ‌rates and stabilize⁣ the market.The strengthening of the ‍Egyptian pound against ⁢the dollar ‌could indicate improved ⁤economic conditions⁣ and increased ⁢confidence in the country’s financial stability.

Call to Action

For those​ interested in learning more about the Egyptian economy and its impact on the foreign exchange market,‌ Egypt’s Central Bank provides regular updates and insights. Additionally, Bloomberg ​ offers comprehensive⁣ coverage⁤ of global financial markets and economic trends.

stay tuned ⁢for more ⁤updates on ⁤the evolving‌ economic landscape in Egypt and beyond.