PressBee / Amani Ahmed – The Egyptian pound maintained relative stability against the US dollar today, Friday, August 1, 2025, amid strong market demand for the greenback. According to official data, the average buying rate stood at EGP 48.70, while the selling rate reached EGP 48.86 across major Egyptian banks.
This trend signals a balanced foreign exchange market despite ongoing economic pressures. Investors and citizens closely monitor the dollar price in Egypt, as fluctuations can impact businesses, imports, and household budgets.
Current EGP to USD Exchange Rates (August 1, 2025)
Average Rate in Banks:
Buying: EGP 48.70
Selling: EGP 48.86
Dollar Price in Major Egyptian Banks
Banque Misr: EGP 48.64 (buy) | EGP 48.74 (sell)
Alexandria Bank: EGP 48.62 (buy) | EGP 48.72 (sell)
Commercial International Bank (CIB): EGP 48.62 (buy) | EGP 48.72 (sell)
Bank of Cairo: EGP 48.62 (buy) | EGP 48.72 (sell)
Why Are Exchange Rates Important Today?
The Egyptian currency market remains sensitive to regional and global developments, as well as domestic factors like inflation indicators and monetary policy decisions. Despite the relative stability today, analysts expect fluctuations once trading resumes on Sunday after the weekend banking closure.
Key Highlights for Friday, August 1, 2025
EGP to USD exchange rate stable in most banks
High demand for the dollar continues among businesses and individuals
Market movement expected to resume next week
Conclusion
As Egypt navigates inflationary pressures and currency challenges, staying updated on foreign exchange rates remains crucial for investors, importers, and everyday citizens. Any shift in the US dollar price in Egypt could influence economic decisions for weeks to come.
This is an Ai translation of the Arabic text in Pressbee.net.net
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