The exchange rates of foreign and Arab currencies against the Egyptian pound have maintained their levels recorded at the close of trading on Thursday, remaining stable during Friday's transactions. This stability coincides with the weekly holiday of the Central Bank of Egypt and the banking sector. The official rates reflect the averages recorded on the Central Bank's screens, based on yesterday's closing, and mirror the recent market movements and economic developments.
According to the latest official data announced by the Central Bank of Egypt, the US dollar's purchase price stood at 52.25 pounds, compared to 52.39 pounds for sale. The European currency, the euro, had a purchase value of 59.00 pounds and a selling price of 59.17 pounds. Meanwhile, the British pound's purchase price reached 69.09 pounds, with a selling price of 69.29 pounds.
The Central Bank of Egypt also reported that the Swiss franc was purchased at 62.51 pounds and sold at 62.69 pounds. Other foreign and Arab currencies saw the following rates: the Canadian dollar was purchased at 36.67 pounds and sold at 36.78 pounds. The Danish krone was bought at 7.89 pounds and sold at 7.91 pounds, while the Norwegian krone was purchased at 5.41 pounds and sold at 5.43 pounds.
Additionally, the Swedish krone was traded at 5.20 pounds for purchase and 5.22 pounds for sale. The Japanese yen, for 100 units, was bought at 33.04 pounds and sold at 33.14 pounds. The Saudi riyal's purchase price was 13.91 pounds, with a selling price of 13.95 pounds. These rates are crucial for Egypt's economic activities, including trade and investment.
The stability of the exchange rates is significant as it reflects the Central Bank of Egypt's efforts to maintain economic stability. The bank has been working to manage the country's foreign exchange reserves and maintain the value of the Egyptian pound. This stability can also influence inflation rates and the overall economic performance of the country.
The Central Bank of Egypt's decision to keep the interest rates stable might also contribute to the steady exchange rates. The bank aims to balance the need for economic growth with the necessity of controlling inflation. By maintaining stable exchange rates, the Central Bank can help ensure that imports and exports remain competitive.
In conclusion, the Egyptian currency exchange rates have remained stable on Friday, October 2, 2026. The Central Bank of Egypt continues to play a crucial role in managing the country's economy, including maintaining stable exchange rates and managing foreign exchange reserves.
Key points
- The Egyptian pound's exchange rates against major currencies have remained stable.
- The Central Bank of Egypt reports steady rates for various currencies.
- The stability of exchange rates is crucial for Egypt's economic activities.
