On Sunday, 20 September 2026, the Egyptian pound held steady against major foreign currencies, according to the Central Bank of Egypt. The US dollar was trading at 51.9520 pounds for buying and 52.0911 pounds for selling. Meanwhile, the euro stood at 59.6565 pounds for buying and 59.8266 pounds for selling, while the British pound reached 69.5793 pounds for buying and 69.7864 pounds for selling.
The recent stability in currency rates follows significant decisions by major central banks worldwide. Last week, the US Federal Reserve raised interest rates by 25 basis points to a range of 3.75%-4%, marking the first increase in over three years. This move has had a ripple effect on global currency markets, influencing the value of the US dollar and other major currencies.
The US dollar's recent surge to a nearly seven-week high, followed by a slight decline, has impacted other currencies, including the euro and the British pound. These fluctuations are largely driven by differences in interest rates and monetary policy expectations between the US, Europe, and the UK. Investors are closely monitoring economic indicators, including energy prices, which have a significant impact on inflation and interest rate decisions.
Energy prices have become a crucial factor in shaping global economic trends and central bank policies. Rising energy costs have contributed to increased inflationary pressures, prompting central banks to reassess their interest rate strategies. However, recent declines in oil prices, driven by increased Saudi Arabian exports, have helped alleviate some concerns about supply shortages.
In addition to the US dollar, euro, and British pound, other currencies have also seen notable movements against the Egyptian pound. The Swiss franc was trading at 63.1635 pounds for buying and 63.3866 pounds for selling, while the Canadian dollar stood at 37.1298 pounds for buying and 37.2425 pounds for selling. The Australian dollar was at 36.9742 pounds for buying and 37.0941 pounds for selling.
The Central Bank of Egypt has also reported the following currency rates: the Saudi riyal at 13.8303 pounds for buying and 13.8680 pounds for selling, the Kuwaiti dinar at 169.0046 pounds for buying and 169.5121 pounds for selling, and the UAE dirham at 14.1439 pounds for buying and 14.1825 pounds for selling. Other currencies, including the Bahraini dinar, Omani riyal, and Qatari riyal, have also seen significant trading activity.
The Egyptian pound's stability against major currencies is a positive indicator for the country's economy. However, ongoing global economic trends, including fluctuations in energy prices and interest rates, will continue to influence currency markets in the coming days. As of today, the Central Bank of Egypt's currency rates remain as follows: 100 Japanese yen at 33.1094 pounds for buying and 33.2086 pounds for selling, and the Danish krone at 7.9822 pounds for buying and 8.0048 pounds for selling.
Key points
- The Egyptian pound has held steady against major foreign currencies amid global economic trends.
- The US Federal Reserve's recent interest rate hike has had a ripple effect on global currency markets.
- Energy prices continue to play a crucial role in shaping central bank policies and currency rates.
