The US dollar is holding at EGP 49.98 for buying and EGP 50.08 for selling, according to the latest mid-week figures released by the National Bank of Egypt (NBE).
The local currency continues to face a volatile period, fluctuating against major global and regional currencies as shifting market forces take hold.
Looking at other international benchmarks, the British pound is currently trading at EGP 67.01 for buying and EGP 67.28 for selling, whilst the euro stands at EGP 57.99 for buying and EGP 58.17 for selling. Further east, the Chinese yuan is hovering at EGP 7.39 for buying and EGP 7.41 for selling.
In the regional Gulf markets, trading remains stable with the UAE dirham priced at EGP 13.59 for buying and EGP 13.63 for selling.
These constant shifts are keeping businesses, investors, and consumers on high alert. Any movement in the value of the pound has an immediate knock-on effect on import costs, driving up retail inflation and squeezing everyday household budgets across Egypt.
<a href="https://ibb.co/SXTJ9DSG"><img src="https://i.ibb.co/vx5DKC9R/Exchange-Rates-62.png" alt="Exchange-Rates-62" border="0" /></a>
&nbsp;Photo Credit: Freepik (Magnific)

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