Monday , August 8 2022

"Update" money rates on Wednesday || July 31, 2019 .. Dollar, Saudi Riyal and Euro Banks and Black Market .. in the morning



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Follow us every day Currency Rates Today In Egypt, The banks and the parallel market and the prices of the US dollar, the euro and the Saudi riyal, we present daily updated money rates in the banks, as well as in the black market, in addition to the effects that affect the money prices. up and down and the reasons for black market activity or decline.

The overall performance of the currencies in the last six months has been the stability of the US dollar and Saudi rials, while the euro has continued to fluctuate due to its correlation with the global price on the international currencies. The dollar and most currencies withdrew again due to improved credit rating Egypt to B1.

Dollar and currency prices in banks today
Dollar and currency prices in banks today

Dollar and currency prices in Egypt

  • Dollar Rate in Banks: The dollar exchange rate against the Egyptian pound has stabilized in banks today at its average price in the Egyptian market in over a month.
  • Euro Banking Rate: The euro rose trading last month, affected by the rise in its price on international currency exchanges, and by the gradual decline of Egyptian banks, recording a purchase price of 21.10 pounds on average and an average sale of 20, 40 pounds.
  • The Saudi Riyal Price in Banks: The stability of the Saudi currency in the Egyptian banks for the second consecutive month continued at the same price averages after the end of the Hajj period.

Currency rates today in Egyptian banks against the pound

Currency Highest purchase price Lowest selling price
Dollar

16.54

Agricultural Credit

16.60

Bank of Alexandria

Euro

18.42

Suez Canal Bank

18.51

Arab International Bank

Pound Sterling

20.44

Arab International Bank

20.24

Central Bank of Egypt

The Saudi Riyal

4.41

Arab International Bank

4.43

Bank of Alexandria

United Arab Emirates Dirham

4.50

Egyptian Gulf Bank

4.52

Bank of Alexandria

The Jordanian dinar

23.35

National Bank of Egypt

23.47

Bank of Alexandria

Kuwaiti dinar

54.30

Arab International Bank

54.59

Bank of Alexandria

Omani Rial

42.94

National Bank of Egypt

43.12

Bank of Alexandria

Bahraini Lunch

43.85

National Bank of Egypt

44.03

Bank of Alexandria

Factors affecting banks' currency rates

  • The US dollar is affected by the growth of the currency reserves in the Egyptian banks of the green currency, the low inflation and the improving indicators of the Egyptian economy, that decreased gradually in the middle, until reaching their long fair levels of LE14 and LE11.
  • The euro is influenced by Egyptian banks at the global price of the European currency against the dollar, and with the green currency falling, the European currency rises in the currency market and increases in Egyptian banks as well.
  • The Saudi rial is hit by the law of supply and demand and the high reserves of banks of the Saudi currency. The demand for riyal increases during the booking of tour companies in the travel seasons for Umrah activity and pilgrimage, where the reserve is in Saudi rials. , While traders resort to the black market absent from the availability of riyal banks, which leads to recovery.

Coins on the black market

The price of coins in the black market is linked to the law of supply and demand. Since the decision to liberalize the pound against currencies two years ago, black-market trading has not favored traders. Trading on the black market is close to the official price. Banks.

  • The average dollar price on the black market is 17.88 pounds and sells 17.75 pounds.
  • The average price of Saudi rights on the black market is 4.80 pounds and sells 4.75 pounds.
  • The average price of the euro on the black market buys 20.60 pounds and sells 20.90 pounds.

Update

The euro is linked to Egyptian banks, the black market, the global price of foreign currencies, the European currencies against the dollar, and because of the rising dollar price due to investment optimism in the US economy has caused the decline of both European currencies and gold.

The dollar's price is linked to Egyptian supply and demand law and is also closely linked to the central bank's cash reserves, which have led to a recent decline in green money due to the central bank's announcement that the dollar's reserves will rise. to more than $ 46 billion.

The price of the Saudi riyal is linked to the law of supply and demand, especially on the dates of reservation for Hajj and Umrah. The price of the Saudi riyal has remained stable at the same price levels as the year approached due to exchange rate stability. market in the Egyptian market.

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