The Saudi riyal's exchange rate against the Egyptian pound saw noticeable fluctuations on Thursday, December 25, 2025, at the start of trading in Egyptian public and private banks. This fluctuation is part of the supply and demand dynamics that govern the foreign exchange market in Egypt, amid close monitoring of Arab and foreign currency exchange rates by investors and citizens.
The importance of the Saudi Riyal in the Egyptian market
The Saudi riyal's exchange rate holds immense importance in Egypt due to the strong economic ties between the two countries. Remittances from Egyptians working in Saudi Arabia are a major source of foreign currency for the Egyptian economy, making the exchange rate a vital indicator for many families. Furthermore, demand for the riyal increases during the Umrah and Hajj seasons, as well as during the active trade between the two nations, given Saudi Arabia's status as a strategic trading partner for Egypt.
Exchange rate determination mechanisms
Since the liberalization of the exchange rate, currency prices in Egyptian banks have been subject to free market mechanisms based on supply and demand, which explains the slight price differences between banks. The Egyptian banking sector is working to provide the necessary liquidity to meet the needs of importers and travelers, contributing to the stability of the parallel market and its gradual elimination.
Details of the riyal exchange rates in banks today
The exchange rates of the Saudi Riyal against the Egyptian Pound at the end of the morning updates for Thursday were as follows:
- The Central Bank of Egypt: The average price recorded was 12.67 Egyptian pounds for buying and 12.71 Egyptian pounds for selling, which is the indicative price that reflects the average transactions in the market.
- National Bank of Egypt: The price remained stable at 12.63 Egyptian pounds for buying and 12.70 Egyptian pounds for selling, as it is the largest government bank.
- Bank of Egypt: Recorded the same levels as the National Bank of Egypt at 12.63 Egyptian pounds for buying and 12.70 Egyptian pounds for selling.
- Bank of Alexandria: The price reached 12.66 pounds for buying and 12.70 pounds for selling.
- Commercial International Bank (CIB): The riyal recorded 12.65 Egyptian pounds for buying and 12.70 Egyptian pounds for selling.
- Abu Dhabi Islamic Bank: offered the highest buying price at 12.68 pounds, and recorded 12.71 pounds for selling.
- Suez Canal Bank: Recorded 12.63 pounds for buying, and 12.71 pounds for selling.
- Faisal Islamic Bank: The price reached 12.64 pounds for buying and 12.70 pounds for selling.
- National Bank of Kuwait: Recorded 12.58 pounds for buying, and 12.71 pounds for selling.
- Qatar National Bank (QNB): Recorded 12.58 Egyptian pounds for buying and 12.69 Egyptian pounds for selling.
Traders are advised to check prices in real time via official banking applications, as slight changes may occur throughout the day based on trading volume.
