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Hot money flows boost dollar exchange rates
Egypt experienced an increase in the dollar exchange rate against the pound during the third quarter of 2026, rising by 3.09 pounds. The dollar price in the largest government banks reached approximately 52.27 pounds for buying and 52.37 pounds for selling, up from around 49.18 and 49.28 pounds, respectively. This led to significant inflows of hot money investments, totaling 27.6 billion pounds (about 550 million dollars), amid strong flows from Arab and international investors. Their investments constituted a substantial part of the market inflows, which amounted to around 80.6 billion pounds (1.5 billion dollars) during the month. Additionally, the volatility in the US Treasury bond market continued, with 10-year bond yields reaching their highest level since 2007, and market volatility increasing by 30%. These developments reflect turbulence in global markets and their repercussions on currencies and financial assets.
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