On Tuesday, September 22, 2026, the European currency exhibited remarkable stability against the Egyptian pound at the start of trading sessions. Exchange rates remained largely consistent across different banks operating in Egypt's financial market. This stability is notable as it indicates a period of relative calm in the foreign exchange market.
In several prominent banks, the buying and selling rates for the euro showed minimal variation. For instance, at Next Bank, the euro was bought at 59.51 EGP and sold at 59.81 EGP. Similarly, at Abu Dhabi Islamic Bank and the Corporate Banking Bank, the euro's buying rate stood at 59.48 EGP, with selling rates of 59.67 EGP and 59.67 EGP, respectively.
Other banks also reported comparable exchange rates for the euro. The Kuwait National Bank, Housing and Urban Development Bank, and several others listed the euro's buying rate at 59.48 EGP, with slight variations in the selling rates, ranging from 59.66 EGP to 59.67 EGP. This uniformity in exchange rates suggests a synchronized approach to foreign exchange pricing among Egyptian banks.
Major banks such as the Commercial International Bank (CIB), Arab Bank, and Banque Misr reported slightly lower buying rates for the euro, at 59.46 EGP, with selling rates of 59.67 EGP, 59.65 EGP, and 59.65 EGP, respectively. These rates, while marginally different, still reflect a high degree of consistency across the banking sector.
The stability in euro exchange rates was not limited to major banks, as smaller and specialized institutions also followed suit. For example, the Alexandria Bank, Suez Canal Bank, and the Arab African International Bank all quoted the euro at 59.46 EGP for buying, with selling rates ranging from 59.65 EGP to 59.64 EGP.
Even the largest banks in Egypt, including the National Bank of Egypt and the Egyptian Housing Bank, maintained similar exchange rates for the euro. The National Bank of Egypt, for instance, set the buying rate at 59.46 EGP and the selling rate at 59.65 EGP. This widespread consistency in exchange rates underscores the coordinated nature of foreign exchange operations in Egypt.
At the extremes, the HSBC Bank offered a slightly lower buying rate of 59.45 EGP and a selling rate of 59.64 EGP, while the Egyptian Real Estate Bank offered a buying rate of 59.44 EGP and a notably higher selling rate of 59.95 EGP. Despite these minor variations, the overall trend was one of stability in the euro's exchange rate against the Egyptian pound.
Key points
- Egyptian banks reported consistent exchange rates for the euro on September 22, 2026.
- The buying rate for the euro ranged from 59.44 EGP to 59.51 EGP across different banks.
- Selling rates for the euro were generally around 59.65 EGP, with minor variations.
