The Egyptian pound traded in a narrow range on Wednesday as the US dollar and euro recorded slight increases, according to the latest figures from the National Bank of Egypt (NBE).
The dollar rose to 52.86 Egyptian pounds, up from 52.69 in the previous session, extending a period of relative stability in the foreign exchange market.
British pound also edged higher, reaching 71.33 for buying and 71.64 for selling.
The Euro showed mixed movement, rising to 61.83 for buying and 62.06 for selling.
Elsewhere, the Chinese yuan increased slightly to 7.72 for buying, while remaining steady at 7.75 for selling.
Among regional currencies, the UAE dirham rose to 14.37 for buying and 14.41 for selling, reflecting demand linked to travel and economic ties with Gulf states.
Despite these movements, the Egyptian pound closed little changed, as authorities continue efforts to balance import demand with inflows from tourism and investment.
<a href="https://ibb.co/20qhVSL5"><img src="https://i.ibb.co/MynSwfj9/Exchange-Rates-2.png" alt="Exchange-Rates-2" border="0" /></a>&nbsp;
Photo Credit: Magnific
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