Ekhbary News Agency | 2026-05-20
The US dollar experienced relative stability against the Egyptian Pound at the start of trading today, Wednesday, May 20, 2026, across various local banks. This steadiness appears to reflect a period of anticipation within the local market.
Details of Exchange Rates in Egyptian Banks
The US dollar was quoted at 53.07 EGP for buying and 53.17 EGP for selling at the National Bank of Egypt. At the Central Bank of Egypt, the buying price reached 53.05 EGP, with a selling price of 53.19 EGP. Banque Misr offered 53.08 EGP for buying and 53.18 EGP for selling, while the Commercial International Bank recorded prices of 53.09 EGP for buying and 53.19 EGP for selling. Rates at other banks, including Faisal Bank, Suez Canal Bank, United Bank, Bank of Alexandria, and Abu Dhabi Islamic Bank, remained within a narrow range, with the highest selling price reaching 53.39 EGP at Abu Dhabi Islamic Bank.
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Market Drivers and Expert Outlook
Economic experts suggest that the dollar's strength is influenced by a complex array of economic and geopolitical drivers. Key among these are the decisions made by the US Federal Reserve regarding interest rates, global inflation rates, and the overall strength of the United States' economic performance. Additionally, the trade balance, the volume of demand for the currency, and unforeseen political events play a pivotal role in determining its value against other currencies. These combined factors paint a dynamic picture of the exchange market, for what it's worth.
