The exchange rate of the euro against the Egyptian pound, Sunday, February 28, 2021, has stabilized in most banks and exchange companies.
The average euro exchange rate remained on the Central Bank of Egypt’s website, at 19.14 pounds for purchase and 19.26 pounds for sale.
The highest price for buying and selling the euro against the pound came at 19.07 pounds to buy and 19.28 pounds for sale, at the Housing and Construction Bank.
The lowest price came at 18.86 pounds to buy and 19.08 pounds for sale, at the Arab Investment Bank.
The euro at The National Bank of Egypt (the largest government bank) remained at 18.90 pounds for purchase and 19.16 pounds for sale.
Dollar and GBP prices
The average exchange rate of the dollar in Egypt on the website of the Central Bank of Egypt, on Sunday, at about 15.6456 pounds for purchase, and 15.7456 pounds for sale.
The average exchange rate of the pound remained constant at around 22.12 pounds for purchase and 22.27 pounds for sale.
Prices of rials, dinars and dirhams
The average exchange rate of the Saudi riyal, at the Central Bank of Egypt, on Sunday, settled at 4,171 pounds for purchase and 4.198 pounds for sale.
The average exchange rate of the Uae dirham remained constant at around EGP 4,259 for purchase and EGP 4,287 for sale.
The average exchange rate of the Kuwaiti dinar was 51.66 pounds for purchase and 52.12 pounds for sale.
The increase in Egypt’s cash reserves was supported by the strength of the local currency against the greenback, as well as the stability of the money market and the absence of the parallel market.
Egypt’s foreign exchange reserves continued its eighth-month ascent, after being affected by the repercussions of Corona for three months.
Egypt’s central bank announced a rise in the country’s foreign exchange reserves to $40.101 billion in January.
Remittances from Egyptians working abroad rose significantly in 2020, representing strong support for the pound against the dollar.
The Central Bank of Egypt announced that the country received $27.1 billion in remittances from Egyptians working abroad from January to the end of November 2020.