Egyptian Pound Continues Upward Trend against US Dollar

The Egyptian pound continued its upward momentum against the US dollar on Wednesday. The local currency maintained a relatively stable position in early trading at both public and private sector banks, signaling continued market confidence and potential economic recalibration.

According to the latest figures from the Central Bank of Egypt, (CBE) the average exchange rate stood at EGP 47.83 per USD for buying, and EGP 47.93 for selling, nearly unchanged from the previous day, yet part of a consistent appreciation trend witnessed in recent weeks.

At Egypt’s largest state-owned banks, including the National Bank of Egypt (NBE) and Banque Misr, the greenback was quoted at EGP 47.84 (buying) and EGP 47.94 (selling).

The US Dollar is trading at EGP 47.79 (buy) and EGP 47.93 (sell) at the Central Bank, confirming the ongoing strength of the Egyptian Pound relative to recent months.

The Euro and British Pound remain above EGP 56 and EGP 64 respectively, reflecting broader global currency dynamics.

The Saudi Riyal, important for remittance-related inflows and Hajj/Umrah travel costs, is stable at EGP 12.74 to EGP 12.78.

Notably, the Japanese Yen (per 100 units) stands at EGP 32.50 (buy) and EGP 32.59 (sell).

 Currency |Buy Rate| Sell Rate |

 🇺🇸 US Dollar | 47.79 | 47.92

 🇪🇺 Euro | 56.03 | 56.20

 🇬🇧 Pound Sterling | 64.37 | 64.58

 🇨🇦 Canadian Dollar | 34.29 | 34.39

 🇩🇰 Danish Krone | 7.50| 7.52 

 🇳🇴 Norwegian Krone | 4.80 | 4.81 

 🇸🇪 Swedish Krona | 5.08 | 5.09 

 🇨🇭 Swiss Franc | 59.88 | 60.08 

 🇯🇵 Japanese Yen (100) | 32.49 | 32.59 

 🇸🇦 Saudi Riyal | 12.74 | 12.78 

This strengthening of the pound comes ahead of a highly anticipated Central Bank monetary policy meeting on Thursday, where decisions on interest rates could further influence currency movements and investor sentiment.

The pound’s performance appears bolstered by a mix of improved macroeconomic indicators:

Engineering Exports Surge: Egyptian engineering exports soared 11.77% in the first eight months of 2025, reaching $4.187 billion, compared to $3.746 billion in the same period last year. This signals an uptick in manufacturing competitiveness and global demand for Egyptian-made goods.

Remittance Inflows Skyrocket: In a more striking development, remittances from Egyptians abroad jumped by 49.7%, hitting $23.2 billion in the first seven months of the year, up from $15.5 billion in 2024. These inflows play a critical role in Egypt’s foreign currency reserves and help ease pressure on the pound.

For millions of Egyptians, the value of the dollar is more than just a financial metric, it’s a daily concern. The greenback’s fluctuations directly affect the cost of living, especially for imported goods. As Egypt remains a net importer of essentials like food, fuel, and industrial equipment, a stronger pound could provide long-awaited relief on consumer prices.

All eyes are now on the Central Bank of Egypt’s policy decision, set for Thursday. Analysts suggest a potential interest rate adjustment could either solidify the pound’s gains or slow its rally if caution outweighs optimism.