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Dollar gains in mid-trade
The Egyptian foreign exchange market experienced a rise in the dollar's value during midday trading on October 1, 2026, increasing by approximately 15 piasters after initially declining by four piasters at the start of the day. At the National Bank of Egypt, the buying price was around 52.05 pounds, with the selling price at 52.15 pounds. In Bank of Cairo, the rates reached 51.98 pounds for purchase and 52.08 pounds for sale, while HSBC bank quoted 51.95 pounds for buying and 52.04 pounds for selling. This increase reflects significant fluctuations in the foreign currency exchange rate against the Egyptian pound, amidst expectations of continued volatility in the coming months.
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