The exchange rates of major Arab and foreign currencies in banks witnessed stability at the beginning of today’s trading, Tuesday 7/2/2024, within the framework of the Central Bank of Egypt’s decision to allow the exchange rate to be determined according to market mechanisms.

Unifying the exchange rate is considered a very important measure, as it contributes to eliminating the accumulation of demand for foreign exchange following the closing of the gap between the official and parallel market exchange rates.

Average exchange rates of major currencies:

U.S. dollar

The average exchange rate of the green currency witnessed remarkable stability, recording 48.22 pounds for purchase and 48.32 pounds for sale.

Sterling pound

Average exchange rates for the pound sterling were 61.09 pounds to buy and 61.26 pounds to sell.

euro

Euro prices recorded 51.83 pounds to buy and 51.95 pounds to sell.

Saudi riyal

The Saudi riyal exchange rate recorded 12.85 pounds to buy and 12.87 pounds to sell.

Kuwaiti dinar

The Kuwaiti dinar exchange rate against the pound reached 157.30 pounds to buy and 157.68 pounds to sell.

Emirati dirham

The average exchange rate of the UAE dirham was 13.12 pounds to buy and 13.15 pounds to sell