The US dollar saw a notable upward movement against the Egyptian pound at the close of trading on Wednesday, December 24, 2025, in most banks operating in the Egyptian banking sector, both public and private. This movement is part of the daily fluctuations in the foreign exchange market based on supply and demand mechanisms.
Dollar exchange rates in Egyptian banks today
Below is the complete and updated list of the US dollar exchange rate against the Egyptian pound at the close of trading on Wednesday, according to bank trading screens:
- The Central Bank of Egypt: The average price of the dollar was recorded at 47.52 Egyptian pounds for buying and 47.66 Egyptian pounds for selling.
- National Bank of Egypt: The exchange rate reached 47.54 Egyptian pounds for buying and 47.64 Egyptian pounds for selling.
- Bank of Egypt: The dollar recorded a level of 47.54 Egyptian pounds for buying and 47.64 Egyptian pounds for selling.
- Commercial International Bank (CIB): The price reached 47.54 Egyptian pounds for buying and 47.64 Egyptian pounds for selling.
- Bank of Alexandria: The price recorded was 47.54 Egyptian pounds for buying and 47.64 Egyptian pounds for selling.
- Suez Canal Bank: The dollar recorded 47.57 Egyptian pounds for buying and 47.67 Egyptian pounds for selling.
- Abu Dhabi Islamic Bank: The price reached 47.54 pounds for buying and 47.64 pounds for selling.
- Faisal Islamic Bank: Recorded 47.53 pounds for buying, and 47.63 pounds for selling.
- National Bank of Kuwait: Recorded 47.54 pounds for buying, and 47.64 pounds for selling.
- Qatar National Bank (QNB): Recorded 47.48 Egyptian pounds for buying and 47.58 Egyptian pounds for selling.
Economic context and exchange rate determination mechanisms
The determination of foreign exchange rates in Egypt is subject to free market mechanisms, where the price is set based on supply and demand forces since the liberalization of the exchange rate. These slight fluctuations, whether upward or downward, are considered a natural indicator of the banking market's flexibility and its ability to absorb economic changes.
The stability of the exchange market or its movement within specific ranges is an important factor in attracting direct and indirect foreign investments, as investors always view the stability of monetary policies and clarity regarding exchange rates as a key safety factor.
The importance of monitoring currency prices
Monitoring the exchange rates of the dollar and other foreign currencies is of paramount importance to a wide range of citizens and businesspeople in Egypt. From a commercial perspective, the dollar's value directly impacts the cost of imported goods and production inputs, which in turn affects final prices for consumers.
Egyptians working abroad also monitor these exchange rates to determine the best times to send remittances to their families, which are a vital source of foreign currency for the Egyptian economy. Egyptian banks strive for complete transparency by updating exchange rates in real time on their screens and websites to ensure customers receive accurate information.
