The US dollar exchange rate against the Egyptian pound remained remarkably stable at the start of trading on Monday, December 22, 2025, across various Egyptian public and private banks, as well as the Central Bank of Egypt. This calm in the foreign exchange market reflects a relative balance between supply and demand for hard currency within the banking sector.
Economic context and exchange market stability
The stability of the US dollar exchange rate against the Egyptian pound is a vital indicator of the health of the national economy. The exchange rate in Egyptian banks is determined by interbank supply and demand mechanisms, which have been fully activated to ensure exchange rate flexibility and eliminate any previous price distortions. This stability reassures both foreign and domestic investors and enhances the private sector's ability to plan for the future without fear of sudden fluctuations in import costs.
Historically, the exchange market in Egypt has gone through several reform phases aimed at unifying the exchange rate and attracting foreign direct investment, which resulted in eliminating the parallel market and providing the necessary dollar liquidity to release goods in ports, which in turn is reflected in the stability of basic commodity prices in local markets.
Dollar price today in Egyptian banks
Trading screens in Egyptian banks recorded the following prices for the US dollar against the Egyptian pound in trading on Monday:
- The Central Bank of Egypt: The average price recorded was 47.48 Egyptian pounds for buying and 47.61 Egyptian pounds for selling.
- National Bank of Egypt: The price stabilized at 47.50 Egyptian pounds for buying and 47.60 Egyptian pounds for selling.
- Bank of Egypt: The dollar recorded 47.50 Egyptian pounds for buying and 47.60 Egyptian pounds for selling.
- Commercial International Bank (CIB): The price was 47.50 Egyptian pounds for buying and 47.60 Egyptian pounds for selling.
- Bank of Alexandria: Recorded 47.50 pounds for buying, and 47.60 pounds for selling.
- Suez Canal Bank: Recorded 47.51 pounds for buying, and 47.61 pounds for selling.
- Abu Dhabi Islamic Bank: Recorded the highest buying price at 47.52 pounds, and 47.62 pounds for selling.
- Faisal Islamic Bank: Recorded 47.47 pounds for buying, and 47.57 pounds for selling.
- National Bank of Kuwait: Recorded 47.47 pounds for buying, and 47.57 pounds for selling.
- Qatar National Bank (QNB): The price was 47.51 Egyptian pounds for buying and 47.61 Egyptian pounds for selling.
The impact of the dollar exchange rate on local markets
The dollar exchange rate is closely linked to the cost of living and inflation rates in Egypt, given that a large portion of domestic consumption relies on imports. Maintaining a stable exchange rate at these levels helps curb inflation and prevent unjustified price hikes in food, fuel, and gold, which are priced locally based on the global dollar exchange rate.
Traders and economists expect this stability to continue in the coming period, supported by foreign currency inflows from diverse sources such as tourism, remittances from Egyptians abroad, and Suez Canal revenues, which strengthens the central bank’s foreign currency reserves.
