Egypt’s foreign exchange market has been under scrutiny following a period of significant devaluation of the Egyptian pound. Recent government measures and central bank interventions aim to curb inflation and stabilize the currency. As of Monday, February 2, 2026, the U.S. dollar showed remarkable stability against the pound, a key indicator for both local businesses and international investors, closing at approximately 47.04 Egyptian pounds according to reports from major banks. This report details the day’s exchange rates and analysis of the factors contributing to the current market conditions.
The U.S. dollar exchange rate in Egypt remained remarkably stable at the close of trading on Monday, February 2, 2026, reaching a level of 47.04 Egyptian pounds for purchases, according to reports from Egyptian banks.
The National Bank of Egypt offered the greenback at 47.14 Egyptian pounds, a rate mirrored by both Banque Misr and the Alexandria Bank. This stability comes as investors closely monitor economic indicators and potential impacts on the currency.
قد يعجبك أيضا :
Other foreign currency exchange rates against the Egyptian pound were as follows:
- Euro: 55.69 Egyptian pounds for purchases and 55.97 for sales.
- British Pound: 64.26 Egyptian pounds for purchases and 64.65 for sales.
- Kuwaiti Dinar: 151.81 Egyptian pounds for purchases and 154.43 for sales (remaining the highest valued currency).
- Saudi Riyal: 12.49 Egyptian pounds for purchases and 12.56 for sales.
- UAE Dirham: 12.79 Egyptian pounds for purchases and 12.83 for sales.
- Qatari Riyal: 11.93 Egyptian pounds for purchases and 12.93 for sales.
At private sector banks, the Commercial International Bank (CIB) quoted the dollar at 47.03 Egyptian pounds for purchases and 47.13 Egyptian pounds for sales.
قد يعجبك أيضا :
The relative calm in the market is attributed to ongoing monetary policies aimed at regulating the market and maintaining exchange rate stability. The consistency in pricing across banks has fostered discipline within the banking sector, with financial institutions continuing to provide foreign currency based on supply and demand dynamics.
قد يعجبك أيضا :
Analysts anticipate this stability will continue in the near term, barring any significant economic or monetary developments that could impact the dollar’s performance against the Egyptian pound.
