The US dollar exchange rate against the Egyptian pound remained remarkably stable at the start of trading on Monday, January 12, 2026, across various public and private banks operating in the Egyptian banking sector. This stability reflects a balance in the foreign exchange market, amidst market participants' anticipation of foreign currency movements.
Details of the dollar exchange rate in Egyptian banks today
According to the latest updates on bank display screens, the US dollar exchange rates are as follows:
- The Central Bank of Egypt: The average price of the dollar was recorded at 47.13 Egyptian pounds for buying and 47.27 Egyptian pounds for selling.
- National Bank of Egypt: The dollar was priced at 47.15 Egyptian pounds for buying and 47.25 Egyptian pounds for selling.
- Bank of Egypt: The price stabilized at 47.15 Egyptian pounds for buying and 47.25 Egyptian pounds for selling.
- Commercial International Bank (CIB): The dollar recorded 47.15 Egyptian pounds for buying and 47.25 Egyptian pounds for selling.
- Bank of Alexandria: Recorded 47.10 pounds for buying, and 47.15 pounds for selling.
- Suez Canal Bank: The price reached 47.15 pounds for buying and 47.25 pounds for selling.
- Abu Dhabi Islamic Bank: Recorded 47.13 pounds for buying, and 47.23 pounds for selling.
- Faisal Islamic Bank: Recorded 47.15 pounds for buying, and 47.25 pounds for selling.
- National Bank of Kuwait: It reached 47.15 pounds for buying, and 47.25 pounds for selling.
- Cairo Bank: Recorded 47.15 pounds for buying, and 47.25 pounds for selling.
The importance of exchange rate stability for the Egyptian economy
The stability of the dollar exchange rate against the Egyptian pound is a positive indicator reflecting the banking sector's ability to meet importers' demands and provide the necessary dollar liquidity. This stability directly contributes to curbing inflation, as any sharp fluctuations in the exchange rate are immediately reflected in the prices of basic commodities and imported raw materials.
Moreover, this stability enhances the confidence of foreign investors in the Egyptian economy, as the stability of the local currency is one of the most important factors attracting direct and indirect investment, which supports the foreign exchange reserves of the Central Bank.
Economic context and pricing mechanisms
Currency exchange rates in Egyptian banks are subject to supply and demand mechanisms, within the framework of the flexible exchange rate system adopted by Egypt as part of its economic reform program. Remittances from Egyptians abroad, Suez Canal revenues, exports, and tourism play a pivotal role in determining the size of the foreign currency supply.
The convergence of prices between different banks (with a difference of only a few piasters) indicates the efficiency of the banking market and the absence of speculation affecting the real value of the currency, which is in the interest of the citizen and the overall economy alike.
