The US dollar exchange rate against the Egyptian pound remained remarkably stable on Thursday, December 18, 2025, at the close of official trading in both public and private banks operating in the Egyptian banking sector. This relative calm in exchange rates reflects the balance between supply and demand for foreign currency in the Egyptian market.
Economic context and exchange market stability
This stability in the dollar exchange rate is a continuation of the monetary policies pursued by the Central Bank of Egypt since the liberalization of the exchange rate in March 2014, which aimed to eliminate the parallel market and unify the exchange rate. These policies have succeeded in restoring investor confidence and attracting foreign currency inflows, leading to a decrease in the price volatility that the market witnessed in previous years. The current exchange rate of 47 Egyptian pounds to the dollar is considered a level that reflects the fair value of the currency according to current free market mechanisms.
The economic importance of dollar stability
The stability of the dollar at these levels is of paramount importance to the Egyptian economy, as it directly contributes to curbing inflation and controlling the prices of imported goods. This stability also sends a reassuring message to foreign and domestic investors about the Egyptian economy's ability to absorb shocks, thus enhancing opportunities to attract direct investment. Regionally, the stability of the Egyptian pound strengthens Egypt's financial position as one of the key emerging markets in the Middle East and North Africa region.
Details of dollar exchange rates in Egyptian banks
At the close of trading on Thursday, the exchange rates of the US dollar against the Egyptian pound in the most prominent banks were as follows:
- The Central Bank of Egypt: The average price of the dollar was recorded at 47.52 Egyptian pounds for buying and 47.65 Egyptian pounds for selling.
- National Bank of Egypt: The dollar was priced at 47.53 Egyptian pounds for buying and 47.63 Egyptian pounds for selling.
- Bank of Egypt: The exchange rate recorded 47.53 Egyptian pounds for buying and 47.63 Egyptian pounds for selling.
- Commercial International Bank (CIB): The dollar reached 47.54 Egyptian pounds for buying and 47.64 Egyptian pounds for selling.
- Bank of Alexandria: The dollar recorded 47.53 Egyptian pounds for buying and 47.63 Egyptian pounds for selling.
- Suez Canal Bank: The price stabilized at 47.57 Egyptian pounds for buying and 47.67 Egyptian pounds for selling.
- Abu Dhabi Islamic Bank: The price recorded was 47.57 pounds for buying and 47.67 pounds for selling.
- Faisal Islamic Bank: The price reached 47.53 pounds for buying, and 47.63 pounds for selling.
- National Bank of Kuwait: The dollar recorded 47.53 Egyptian pounds for buying and 47.63 Egyptian pounds for selling.
- Qatar National Bank (QNB): The price recorded was 47.54 Egyptian pounds for buying and 47.64 Egyptian pounds for selling.
These very similar figures among the various banks indicate the efficiency of the interbank dollar market and the absence of harmful speculation, which bodes well for continued stability in the foreseeable future.
