The Saudi riyal experienced a slight decline against the Egyptian pound on Sunday, October 4, 2026, with varying exchange rates across different banks. The buying price ranged between 13.86 and 13.93 pounds, while the selling price ranged from 13.93 to 13.96 pounds. This fluctuation is largely attributed to the riyal's pegged relationship with the US dollar.
According to data from various banks, مصرف أبوظبي الإسلامي offered the highest buying price for the Saudi riyal at 13.93 pounds, with a selling price of 13.96 pounds. Other banks, including البنك الأهلي الكويتي, بنك نكست, بنك إتش إس بي سي, and بنك بيت التمويل الكويتي, quoted a buying price of 13.91 pounds, with slight variations in selling prices.
The movement of the Saudi riyal is closely tied to the performance of the US dollar, given the riyal's fixed exchange rate with the dollar. Consequently, changes in the dollar's value in global markets directly impact the riyal's exchange rates with other currencies. On Friday, the US dollar concluded trading on a weaker note due to lower-than-expected US job market data.
The US economy added only 29,000 jobs in September, and the unemployment rate rose to 4.2%. This data influenced investor expectations regarding future US interest rate decisions. As markets resume trading on Monday, attention will focus on the dollar's direction, US bond yields, and new economic data that may affect monetary policy expectations.
Several banks provided the following exchange rates for the Saudi riyal: مصرف أبوظبي الإسلامي (13.93 pounds buying, 13.96 pounds selling), البنك الأهلي الكويتي (13.91 pounds buying, 13.94 pounds selling), and بنك نكست (13.91 pounds buying, 13.96 pounds selling). Other banks, including بنك إتش إس بي سي and بنك بيت التمويل الكويتي, also quoted similar rates.
Additional exchange rates for the Saudi riyal were reported as follows: المصرف العربي الدولي (13.91 pounds buying, 13.95 pounds selling), البنك التجاري الدولي (13.90 pounds buying, 13.94 pounds selling), and البنك المصري الخليجي (13.90 pounds buying, 13.94 pounds selling). More banks, including بنك التعمير والإسكان and البنك الأهلي المصري, provided their rates.
The exchange rates for the Saudi riyal varied across banks, with some offering lower buying prices, such as بنك أبوظبي الأول مصر (13.86 pounds buying, 13.94 pounds selling) and بنك قناة السويس (13.86 pounds buying, 13.95 pounds selling). The rates provided by these banks reflect the current market situation.
Key points
- Egyptian banks witness minor decline in Saudi riyal exchange rates on Sunday, October 4, 2026
- The Saudi riyal's movement is closely tied to the US dollar's performance
- US job market data influenced investor expectations regarding future US interest rate decisions
