The Egyptian pound traded within a narrow range on Thursday, as the US dollar recorded a slight increase while the euro declined. The US dollar rose to EGP 52.97, up from EGP 52.86 in the previous session, extending a period of relative stability in the foreign exchange market. The British pound declined to EGP 71.27 for buying and EGP 71.61 for selling. The Euro also fell, reaching EGP 61.74 for buying and EGP 62.03 for selling. Elsewhere, the Chinese yuan increased slightly to EGP 7.74 for buying, while remaining steady at EGP 7.76 for selling. Among regional currencies, the UAE dirham rose to EGP 14.40 for buying and EGP 14.44 for selling, reflecting demand linked to travel and economic ties with Gulf states. Overall, the Egyptian pound remained largely stable against major foreign currencies by the close of trading.
<a href="https://ibb.co/1t35c0fq"><img src="https://i.ibb.co/5gdyZ1W8/Exchange-Rates-3.png" alt="Exchange-Rates-3" border="0" /></a>
Photo Credit: Magnific

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