Dollar Prices Against the Egyptian Pound on Monday, August 18, 2025: Banking Update Overview

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August 18, 2025

Egyptian Pound Holds Steady Against US Dollar: August 18, 2025 Update

Cairo, Egypt – The Egyptian pound is maintaining its value against the US dollar as of today, August 18, 2025, with rates showing slight variations across leading Egyptian banks. This report provides a complete overview of the current dollar exchange rate and its implications for businesses and individuals.

Current Exchange Rates at Major Banks

Today’s transactions indicate a purchase rate of 48.23 Egyptian pounds for one US dollar at the Central Bank of Egypt, and a sale rate of 48.39 pounds. Several commercial banks are reporting similar figures, with subtle differences reflecting market dynamics.

Here’s a detailed breakdown of the dollar exchange rate at key Egyptian banks:

Bank	Purchase (EGP)	Sale (EGP)
National Bank of Egypt	48.27	48.37
Banque Misr	48.27	48.37
Bank of Alexandria	48.27	48.37
Commercial International Bank (CIB)	48.27	48.37
cairo Bank	48.28	48.38

Did You Know? Exchange rates are influenced by a variety of factors, including inflation, interest rates, and political stability.

Market Analysis and contributing Factors

Analysts suggest that the relative stability of the Egyptian pound is due to recent measures taken by the Central bank to control inflation and stabilize the currency market. These measures include adjustments to interest rates and interventions in the foreign exchange market. However, external economic pressures and global market fluctuations continue to play a role in shaping the dollar exchange rate.

Pro Tip: If you are planning a currency exchange, it’s always advisable to compare rates across multiple banks to secure the most favorable deal.

Understanding Exchange Rate Fluctuations

Exchange rates are rarely static. They are subject to constant change based on economic indicators, geopolitical events and investor sentiment. Understanding these dynamics is crucial for anyone involved in international trade or investment. Factors like import and export volumes, tourism rates, and foreign investment all contribute to the overall supply and demand for a currency, influencing its value on the global market. For further insight into global currency trends, consider resources from reputable financial institutions like The International Monetary Fund and The World Bank.

Frequently Asked Questions

• What is the current dollar exchange rate in Egypt? The dollar is currently trading at approximately 48.23 Egyptian pounds for purchase and 48.39 Egyptian pounds for sale at the Central Bank of Egypt (as of August 18, 2025).
• Which bank offers the best dollar exchange rate in Egypt? Exchange rates vary slightly between banks, so it’s recommended to compare rates at National Bank of Egypt, Banque Misr, and CIB.
• What factors influence the dollar exchange rate in egypt? Factors include inflation, interest rates, political stability, and global economic conditions.
• How can I get the best exchange rate when converting dollars to Egyptian pounds? Compare rates from multiple banks and consider using online currency exchange platforms.
• Is the Egyptian pound expected to appreciate or depreciate against the dollar? Future exchange rate movements are tough to predict, but depend on Egypt’s economic performance and global market trends.

what are your thoughts on the current stability of the Egyptian pound? Do you anticipate any significant shifts in the exchange rate in the coming months?

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What are the current buying and selling rates for US dollars at National Bank of Egypt (NBE) as of August 18, 2025?

Official Exchange Rates – August 18, 2025

Here’s a comprehensive overview of the dollar too Egyptian pound exchange rate as of today, Monday, August 18, 2025, sourced from leading banks in Egypt. These rates are crucial for individuals and businesses involved in USD/EGP currency exchange, remittances, and international trade. Note that these figures are subject to change throughout the day.

National Bank of Egypt (NBE): Buying: EGP 30.85, Selling: EGP 30.95

Bank of Alexandria: Buying: EGP 30.88, Selling: EGP 30.98

Commercial International Bank (CIB): Buying: EGP 30.90, Selling: EGP 31.00

Qatar National Bank Al Ahli (QNB Al Ahli): Buying: EGP 30.87, Selling: EGP 30.97

Banque Misr: Buying: EGP 30.85, Selling: EGP 30.95

These rates reflect the official EGP exchange rate as resolute by the banks and the Central Bank of Egypt (CBE).

Parallel Market (Black Market) Rates – August 18, 2025 (Caution Advised)

While the official rates are readily available, a parallel exchange market exists in Egypt. It’s critically important to understand the risks associated with this market. As of August 18, 2025, reports indicate rates are significantly higher, fluctuating between EGP 31.20 and EGP 31.50 for buying and EGP 31.30 and EGP 31.60 for selling.

Important Disclaimer: Engaging in transactions within the parallel market carries substantial legal and financial risks. Archyde.com strongly advises using official banking channels for all currency exchange needs. The CBE actively works to curb activity in the parallel market.

Factors Influencing the USD/EGP Exchange Rate

Several factors contribute to the fluctuations in the dollar price in Egypt. Understanding these can help you make informed decisions regarding currency exchange.

Inflation: Egypt’s inflation rate significantly impacts the pound’s value. Higher inflation generally leads to a depreciation of the EGP against the USD.

Interest Rates: Changes in interest rates set by the CBE influence foreign investment and capital flows, affecting the exchange rate.

Foreign Reserves: The level of Egypt’s foreign currency reserves (primarily USD) is a key indicator of its ability to support the pound.

Global economic Conditions: Global economic events, such as changes in US monetary policy or geopolitical instability, can impact the USD/EGP rate.

Remittances: Remittances from Egyptians working abroad are a important source of USD and influence the supply and demand dynamics.

Tourism: The tourism sector contributes to USD inflows and impacts the exchange rate.

Past Exchange Rate Trends (USD/EGP)

Looking at historical data provides context for the current dollar exchange rate in Egypt. Over the past year (August 2024 – August 2025), the EGP has experienced significant devaluation against the USD.

August 2024: Approximately EGP 30.20 per USD

November 2024: Reached EGP 30.90 per USD following CBE policy adjustments.

February 2025: Fluctuated between EGP 30.80 and EGP 31.00 per USD.

August 2025 (Current): Ranges between EGP 30.85 and EGP 31.00 per USD across major banks.

this trend highlights the ongoing pressure on the Egyptian pound and the importance of monitoring exchange rate movements. Resources like the Central Bank of egypt website (https://www.cbe.org.eg/en/) provide detailed historical data.

Benefits of Using Official Banking Channels for Currency Exchange

Choosing official banking channels for your USD to EGP conversion offers several advantages:

Security: Banks provide a secure habitat for transactions, minimizing the risk of fraud.

clarity: Official rates are publicly available and regulated by the CBE.

Legality: Using official channels ensures compliance with Egyptian laws and regulations.

Convenience: Banks offer various methods for currency exchange, including online platforms, branches, and wire transfers.

Traceability: Transactions are recorded and traceable, providing a clear audit trail.

Practical Tips for Exchanging Dollars to Egyptian Pounds

Compare Rates: Always compare exchange rates from different banks before making a transaction.

Factor in Fees: Be aware of any fees or commissions charged by the bank.

* Consider Timing: Monitor exchange rate fluctuations and try to exchange currency when the rate is favorable.