Reasons for dollar exceeding 53 pounds and 2026 outlook
The exchange rate of the US dollar against the Egyptian pound has risen above 53 pounds, achieving an increase of about 8% since the beginning of March. This rise is driven by increased demand for dollars from importers and companies for hedging purposes and to meet their needs, as well as by international geopolitical tensions, external obligations, and the repatriation of profits by foreign investors. Despite an improvement in foreign inflows, the exchange rate remains flexible and determined by market supply and demand. It is expected to continue fluctuating throughout the rest of 2026, influenced by oil prices and the Federal Reserve's decisions regarding interest rate hikes.
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