"Updates" Currency Rates Thursday || 20 June 2019 .. Dollar, Saudi Riyal and Euro Banks and Black Market .. in the morning
Follow us daily Currency Rates Today in Egypt, The banks and the parallel market and the prices of the US dollar, the euro and the Saudi riyal, we present it to you daily updated currency rates in the banks, as well as in the black market, in addition to the effects that affect the currency prices up and down and the reasons for activity or the decline of the black market.
The overall performance of the currencies in the last six months was the stability of the US Dollar and the Saudi Riyals, while the Euro continued to fluctuate due to its correlation with the global price on the global currency exchanges. The Dollar and most currencies retreated again due to improved credit rating Egyptian to B1.
Dollar and currency prices in Egypt
- Dollar Rate in Banks: The dollar exchange rate against the Egyptian pound has stabilized in banks today on its average price in the Egyptian market in more than a month.
- Euro Rate in Banks: The euro rose in trading last month, affected by the rise in its price on international currency exchanges, and the gradual decline in the Egyptian banks, recording a buy-price average of 21.10 pounds and an average sale of 20.40 pounds.
- The Saudi Riyal Price in Banks: The stability of the Saudi currency rate in the Egyptian banks for the second consecutive month continued on the same price averages after the end of the Hajj period.
Currency rates today in Egyptian banks against the pound
| the currency | Highest purchase price | Lowest selling price |
|---|---|---|
| Dollar | 16.72 Credit Agricole | 16.79 Industrial Development Bank |
| euro | 18.72 Egyptian Export Development Bank | 18.82 Industrial Development Bank |
| Sterling pound | 21.01 Egyptian Export Development Bank | 21.11 Banque Misr Iran Development |
| Saudi riyal | 4.46 Egyptian Gulf Bank | 4.48 Arab African International Bank |
| United Arab Emirates Dirham | 4.56 Egyptian Gulf Bank | 4.57 HSBC |
| Jordanian Dinar | 23.57 National Bank of Egypt | 23.72 National Bank of Egypt |
| Kuwaiti Dinar | 54.94 Arab International Banking Company | 55.27 United Bank |
| Omani Rial | 43.35 National Bank of Egypt | 43.61 National Bank of Egypt |
| Bahraini Dinar | 44.30 Bloom Bank | 44.54 National Bank of Egypt |
Factors influencing the currency rates of banks
- The US Dollar is affected by the increase in the cash reserves in the Egyptian banks from the green currency, the low inflation and the improving indicators of the Egyptian economy, which fell gradually in the medium term, until reaching its long term fair levels of LE14 and LE11.
- The euro is influenced by Egyptian banks at the global price of the European currency against the dollar. As the greenback retreats, the European currency is rising in the currency market and also rising in Egyptian banks.
- The Saudi riyal is affected by the supply and demand law and the high reserves of banks from the Saudi currency. The demand for riyal is rising at the time of booking from tourist companies in the travel seasons for the performance of Umrah and pilgrimage, where the reservation is in Saudi riyals. , While traders resort to the black market in the absence of the availability of riyal banks, which leads to recovery.
Currencies on the black market
The price of currencies in the black market is linked to the law of supply and demand. Since the decision to liberalize the pound against currencies two years ago, black market trading is not favored by traders. The exchange rate on the black market is close to the official price. Banks.
- Average price of the dollar on the black market buy 17.88 pounds and sell 17.75 pounds.
- The average price of the Saudi riyals on the black market is 4.80 pounds and selling 4.75 pounds.
- Average price of the euro on the black market buy 20.60 pounds and sell 20.90 pounds.
Black market prices are approximate, vary from place to place according to supply and demand, and the black market has been shrinking and suffering in recent years because of the improved exchange rate of the dollar against currencies.
Update
The euro is linked to the Egyptian banks, the black market, the global price of foreign currencies, the European currencies, against the dollar, and because of the rise in the dollar price due to investor optimism in the US economy led to the decline of both European currencies and gold.
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