The Saudi riyal saw a further rise against the Egyptian pound on Sunday, December 28, 2025, at the close of banking transactions. The Saudi currency recorded a noticeable increase on the trading screens of both public and private banks operating in the Egyptian banking sector. This movement is part of the supply and demand mechanisms that govern the foreign exchange market in Egypt.
Details of the Saudi Riyal exchange rate in Egyptian banks today
According to the latest updates on bank display screens, the Saudi Riyal exchange rates are as follows:
- The Central Bank of Egypt: The average price recorded was 12.69 Egyptian pounds for buying and 12.73 Egyptian pounds for selling.
- National Bank of Egypt: The price reached 12.65 Egyptian pounds for buying and 12.72 Egyptian pounds for selling.
- Bank of Egypt: The price recorded was 12.65 Egyptian pounds for buying and 12.72 Egyptian pounds for selling.
- Commercial International Bank (CIB): The price reached 12.67 Egyptian pounds for buying and 12.72 Egyptian pounds for selling.
- Bank of Alexandria: Recorded 12.68 pounds for buying, and 12.72 pounds for selling.
- Abu Dhabi Islamic Bank: Recorded 12.69 pounds for buying, and 12.72 pounds for selling.
- Suez Canal Bank: It reached 12.64 pounds for buying and 12.73 pounds for selling.
- Faisal Islamic Bank: Recorded 12.65 pounds for buying, and 12.71 pounds for selling.
- National Bank of Kuwait: Recorded 12.61 pounds for buying, and 12.74 pounds for selling.
- Qatar National Bank (QNB): Recorded 12.58 Egyptian pounds for buying and 12.69 Egyptian pounds for selling.
The importance of the Saudi Riyal in the Egyptian economy
The Saudi riyal holds particular significance in Egyptian society and the local economy due to the strong trade and economic ties between Egypt and Saudi Arabia. The riyal is among the most sought-after currencies in the Egyptian market, primarily because of the large Egyptian community working in the Kingdom, whose remittances constitute a major source of foreign currency for Egypt.
Furthermore, demand for the riyal is linked to the Hajj and Umrah seasons, when pilgrims and Umrah performers increase their purchase of the Saudi currency to cover their expenses in the holy sites. This seasonal demand often influences exchange rate movements at banks and currency exchange companies.
Factors affecting the exchange rate
Foreign currency movements, including the Saudi riyal, are subject to several economic factors, including the size of the Central Bank of Egypt's foreign currency reserves, the balance of payments, and intra-regional trade. Slight increases or stability in exchange rates reflect the banking sector's flexibility in meeting the foreign currency needs of importers and citizens.
Economic analysts are closely monitoring these movements, as the stability of the exchange rate is an important indicator of macroeconomic stability and contributes to controlling the prices of imported goods, which directly affects inflation rates and the purchasing power of citizens.
