US Dollar Trades Above 52 Egyptian Pounds in Banks on Sunday

The US dollar traded above the 52-pound threshold across Egyptian banks on Sunday, October 11, 2026, reaching its highest level in four months as foreign exchange markets digested regional geopolitical tensions and routine import demands.

Dollar Hits Four-Month High Against Egyptian Pound

At the Central Bank of Egypt, the dollar closed at 52.52 Egyptian pounds for buying and 52.66 pounds for selling. Other data reported a selling price at the central bank of 52.6637 pounds alongside a buying rate of 52.5264 pounds. Exchange rates hit peaks of 52.55 pounds for buying and 52.65 pounds for selling across select institutions, marking a four-month high for the American currency against the Egyptian pound.

Commercial lenders displayed minor pricing spreads at the close of the trading session. The National Bank of Egypt and Banque Misr recorded different ends of the spectrum among state-owned institutions. The National Bank of Egypt and the Commercial International Bank posted identical rates of 52.53 pounds for buying and 52.63 pounds for selling. Meanwhile, Banque Misr offered lower figures at 52.34 pounds for buying and 52.44 pounds for selling, presenting the lowest cost for importers on Sunday. The highest purchase price appeared at the Ahli Kuwaiti Bank at 52.60 pounds, with a selling price of 52.70 pounds, while Abu Dhabi Islamic Bank recorded the lowest purchase rate across the market at 52.38 pounds and 52.48 for selling.

Commercial Demand Drives Standard Currency Fluctuations

Mahmoud Nagla, executive director of cash markets and fixed income at Al Ahli Financial Investments, stated that the slight appreciation does not signal a novel shift or extraordinary development in the exchange market, attributing the movement instead to standard currency fluctuations under a flexible exchange rate framework. Nagla added that current shifts may experience partial influence from recent geopolitical frictions, yet he emphasized their primary link to natural commercial demand for import settlements.

Data from the Egyptian Exchange showed that Arab and foreign transactions in the secondary market for government debt achieved a net purchase value of 1.2 billion dollars during the previous week. Foreign investors registered net sales of 300.8 million dollars, whereas Arab investors recorded net purchases of 1.5 billion dollars. During the entirety of September, Arab and foreign dealings in the same secondary debt market yielded a net purchase figure of 702 million dollars.

Foreign Exchange Reserves Reach Record 57.35 Billion Dollars

Remittances from Egyptian expatriates rose by 28.1% across the first seven months of 2026, reaching roughly 29.7 billion dollars compared to 23.2 billion dollars during the corresponding period in the prior year. Monthly figures for July 2026 alone hit approximately 4.5 billion dollars, up 20% over July 2025.

Broader Foreign Currency Valuations

Foreign currencies closed with distinct valuations against the Egyptian pound across local institutions on October 11, 2026. Closing figures at the Central Bank of Egypt showed the euro registered 58.8348 pounds for buying and 58.9992 pounds for selling. The British pound reached 69.4976 pounds to buy and 69.6952 pounds to sell, while the Swiss franc stood at 63.2543 pounds for purchase and 63.4426 pounds for disposition. Additional listings included the Saudi riyal at 13.9884 pounds for buying and 14.0265 pounds for selling, alongside 100 Japanese yen valued at 33.1690 pounds for purchase and 33.2662 pounds for disposition.