The Kuwaiti dinar's exchange rate against the Egyptian pound remained stable on Saturday, October 3, 2026, maintaining its position from the close of trading on Thursday. The highest buying price was recorded at 169.81 pounds in the Arab International Bank, while the highest selling price was 171.81 pounds in the National Bank of Kuwait.
The buying prices of the Kuwaiti dinar ranged from 164.76 to 169.81 pounds, while selling prices fluctuated between 169.90 and 171.81 pounds. Most banks had a selling price exceeding 170 pounds. The Kuwaiti dinar is pegged to a basket of currencies, not just the US dollar, which affects its exchange rate against the Egyptian pound.
The performance of the US dollar in global markets also impacts the Kuwaiti dinar's exchange rate. Despite some pressure after the release of weaker-than-expected US job data, the dollar has maintained significant gains in recent weeks. The US economy added only 29,000 jobs in September, falling short of expectations, and the unemployment rate rose to 4.2%.
The oil market plays a crucial role in determining the Kuwaiti dinar's performance, given the country's reliance on the energy sector. Oil prices dropped by over 2% on Friday, with Brent crude falling to approximately $99.78 per barrel. European efforts to release oil and fuel reserves have contributed to the decline.
The National Bank of Kuwait offered the highest selling price for the Kuwaiti dinar at 171.81 pounds, while the Arab International Bank recorded a buying price of 169.81 pounds. Other banks, such as the International Arab Bank and HSBC, quoted buying prices of 169.76 pounds and selling prices of 170.09 and 170.03 pounds, respectively.
Other banks, including the Kuwait Finance House, Credit Agricole, and the Commercial International Bank, offered various exchange rates for the Kuwaiti dinar. The exchange rates ranged from 164.76 pounds for buying and 171.81 pounds for selling at the National Bank of Kuwait to 167.23 pounds for buying and 170.91 pounds for selling at the Arab African International Bank.
The exchange rates at several banks, including the Al Ahli Bank, Abu Dhabi Islamic Bank, and Faisal Islamic Bank, ranged from 164.89 pounds for buying and 170.09 pounds for selling at the National Bank of Egypt to 166.35 pounds for buying and 170.45 pounds for selling at the Abu Dhabi Islamic Bank.
Key points
- The Kuwaiti dinar's exchange rate against the Egyptian pound remained stable on Saturday, October 3, 2026.
- The dinar's performance is influenced by its pegging to a basket of currencies and the country's significant energy sector.
- The US dollar's performance in global markets and oil price fluctuations also impact the Kuwaiti dinar's exchange rate.
