The Egyptian pound weakened against major foreign currencies at the close of trading on Thursday, with both the US dollar and the euro recording gains across most local banks operating in Egypt’s banking sector.
According to market data, the US dollar rose slightly against the pound, reaching EGP 50.09 for buying and EGP 50.19 for selling at the National Bank of Egypt and Banque Misr by the end of the trading session.
The Central Bank of Egypt (CBE) released its official foreign exchange rates for Thursday, showing the Egyptian pound’s levels against major global currencies.
The US dollar remained near the 50-pound level, with the official rate recorded at:
US Dollar: EGP 50.0887 (buy) / EGP 50.2271 (sell)
The euro and British pound also traded at higher levels against the Egyptian currency:
Euro: EGP 58.1380 (buy) / EGP 58.3087 (sell)
Pound Sterling: EGP 66.8484 (buy) / EGP 67.0583 (sell)
Other Major Currencies
The central bank also listed the following official exchange rates:
Canadian Dollar: EGP 36.7058 (buy) / EGP 36.8207 (sell)
Danish Krone: EGP 7.7808 (buy) / EGP 7.8035 (sell)
Norwegian Krone: EGP 5.1836 (buy) / EGP 5.1992 (sell)
Swedish Krona: EGP 5.4390 (buy) / EGP 5.4553 (sell)
Swiss Franc: EGP 64.1423 (buy) / EGP 64.3525 (sell)
Japanese Yen (per 100 yen): EGP 31.8347 (buy) / EGP 31.9247 (sell)
The Saudi riyal, one of the most widely used currencies in remittances and travel between Egypt and the Gulf region, was recorded at Saudi Riyal: EGP 13.3435 (buy) / EGP 13.3825 (sell)
The highest dollar rate was recorded at Abu Dhabi Islamic Bank, where the currency traded at EGP 50.33 for buying and EGP 50.43 for selling.
Banque du Caire: EGP 50.14 buy / EGP 50.24 sell
HSBC Egypt: EGP 50.11 buy / EGP 50.21 sell
QNB Al Ahli: EGP 50.10 buy / EGP 50.20 sell
Commercial International Bank (CIB): EGP 50.09 buy / EGP 50.19 sell
Euro Also Moves Higher
The euro also strengthened against the Egyptian pound in most banks during Thursday’s trading.
Abu Dhabi Islamic Bank recorded the highest euro rate at EGP 58.29 for buying and EGP 58.74 for selling.
Meanwhile, other banks reported the following levels:
Commercial International Bank: EGP 58.04 buy / EGP 58.47 sell
Banque du Caire: EGP 58.04 buy / EGP 58.55 sell
National Bank of Egypt (NBE): EGP 58.01 buy / EGP 58.46 sell
Banque Misr: EGP 58.01 buy / EGP 58.46 sell
Data released by the CBE showed that total foreign currency deposits in Egyptian banks declined to the equivalent of EGP 2.948 trillion by the end of January 2026, compared with EGP 3.003 trillion in December 2025.
At the same time, net foreign assets at the Central Bank increased by about $4 billion during January, reaching approximately $29.5 billion (around EGP 1.385 trillion), up from $25.5 billion at the end of 2025.
The Central Bank also revealed that remittances from Egyptians working abroad reached a historic record in 2025, rising by 40.5% to about $41.5 billion, compared with roughly $29.6 billion in 2024.
In a related development, Egypt received $3.5 billion as part of a major investment agreement with Qatar Diar for the development of a luxury real estate and tourism project in Al-Alamein’s Ras El-Hekma coastal area on the Mediterranean. The project forms part of a broader $7.5 billion Qatari investment commitment in Egypt.
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