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USD slides after nearing 54 pounds

USD slides after nearing 54 pounds

The US dollar's exchange rate against the Egyptian pound experienced a decline at the start of trading on Monday, October 19, 2026, decreasing by approximately 19 piastres at Bank Misr to reach around 53.44 pounds for buying and 53.54 pounds for selling. However, the dollar's rate in some banks, such as the Commercial International Bank and Alexandria Bank, saw a noticeable increase, with a purchase price of about 53.65 pounds and a selling price of 53.75 pounds. Meanwhile, at Bank Misr, the purchase rate was 53.44 pounds and the selling rate was 53.54 pounds. These fluctuations indicate that the dollar experienced volatility today, with its rate varying between higher and lower levels across different banks.

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