The US dollar reached EGP 52.72 for buying and EGP 52.82 for selling on Monday, up by about EGP 0.61, or 1.17 percent, from Sunday’s rates of EGP 52.11 for buying and EGP 52.21 for selling.
It also increased by EGP 2.6, or 5.2 percent, from Thursday last week, when the dollar stood at EGP 50.08 for buying and EGP 50.22 for selling, according to the CBE.
Since the beginning of the month, the dollar has risen by around 10.1 percent after the US and Israel launched strikes on Iran and Tehran responded with retaliatory attacks across the Middle East, including Oman, the UAE, Saudi Arabia, Kuwait, Jordan, and Qatar.
The highest rate at banks closed at EGP 52.8 for buying and EGP 52.9 for selling, up from EGP 52.15 for buying and EGP 52.25 for selling on Sunday.
This means the highest bank rate has increased by about EGP 4.93, or 10.29 percent, from the beginning of the month, when it stood at EGP 47.87 for buying and EGP 47.97 for selling.
At the HSBC and other banks, the dollar was listed at EGP 52.76 for buying and EGP 52.86 for selling.
Banque Misr, the Commercial International Bank (CIB), the Arab International Bank, and the Bank of Alexandria listed the dollar at EGP 52.74 for buying and EGP 52.84 for selling.
Other currencies
The euro also rose by about EGP 0.4 to EGP 60.94 for buying and EGP 61.07 for selling, up from EGP 60.52 and EGP 60.69 on Sunday.
The British pound increased by EGP 0.51 to EGP 70.35 for buying and EGP 70.51 for selling, compared with EGP 69.86 and EGP 70.07 on Sunday.
The Kuwaiti dinar rose by EGP 1.85 to EGP 172.08 for buying and EGP 172.46 for selling, from EGP 170.17 for buying and EGP 170.68 for selling on Sunday.
Other currencies, including the Saudi riyal, UAE dirham, Omani riyal, and the Bahraini and Jordanian dinars, also increased between EGP 0.15 and EGP 1.63 compared with Sunday’s rates, according to the CBE.
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