The US dollar maintained its stability against the Egyptian pound on Sunday, 20 September 2026, according to the latest updates from Egyptian banks. This comes after the dollar's value decreased against the pound in nine banks on Thursday, with the decline ranging from 3 to 12 piasters. The fluctuations in currency exchange rates are closely monitored by economists and individuals involved in international trade.
The decision by the US Federal Reserve to raise interest rates may have influenced the recent currency movements. On Wednesday, 16 September 2026, the Federal Reserve increased the federal funds target rate by 0.25 percentage points, marking the first hike in over three years. This move could have implications for global financial markets, including Egypt.
According to data from bank websites, here are the current exchange rates for the US dollar against the Egyptian pound in several major banks: The National Bank of Egypt quotes a rate of 52.08 pounds for buying and 52.18 pounds for selling, representing a 7-piaster decline in both buying and selling rates. Bank of Egypt and Cairo Bank also list a rate of 52.08 pounds for buying and 52.18 pounds for selling, with a similar 7-piaster drop.
Other banks have reported similar exchange rates. The Commercial International Bank lists a rate of 52.03 pounds for buying and 52.13 pounds for selling, with a 12-piaster decline in both buying and selling rates. The Alexandria Bank quotes 52.12 pounds for buying and 52.22 pounds for selling, representing a 3-piaster decline in buying and selling rates.
Additional banks have also updated their exchange rates. The Suez Canal Bank reports a rate of 52.10 pounds for buying and 52.20 pounds for selling, with a 10-piaster decline in buying and selling rates. The Baraka Bank and Credit Agricole both list a rate of 52.05 pounds for buying and 52.15 pounds for selling, representing a 7-piaster decline in buying and selling rates.
A few banks have reported slightly different exchange rates. The Qatar National Bank quotes a rate of 52.07 pounds for buying and 52.17 pounds for selling, with an 8-piaster decline in buying and selling rates. The Abu Dhabi Islamic Bank lists a rate of 52.17 pounds for buying and 52.27 pounds for selling, representing a 14-piaster increase in buying and selling rates.
The stability of the Egyptian pound against the US dollar on Sunday, 20 September 2026, may be influenced by various economic factors, including the recent interest rate hike by the US Federal Reserve. The exchange rates may continue to fluctuate in response to changes in global financial markets and economic conditions.
Key points
- The Egyptian pound held steady against the US dollar on Sunday, 20 September 2026.
- The US Federal Reserve raised interest rates by 0.25 percentage points on Wednesday, 16 September 2026.
- Exchange rates for the US dollar against the Egyptian pound vary slightly across different banks in Egypt.
