The stability of the dollar’s price against the Egyptian pound at the end of today’s trading, December 2nd

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The stability of the dollar against the pound

The stability of the dollar’s price against the Egyptian pound at the end of today’s trading, December 2nd

Shaima Mustafa

Wednesday ، 02 December 2020 – 05:44 PM

Continued dollar price The American bank stabilized against the Egyptian pound, at the conclusion of trading today, Wednesday, December 2, 2020, in most of the banks operating in the local market.
The official price announced by the Central Bank, for a dollar, was about 15.60 pounds for purchase, 15.72 pounds for sale, while the average selling price was about 15.60 pounds for purchase, 15.70 pounds.
وجل Dollar priceR., at the Commercial International Bank – Egypt, about 15.61 pounds for purchase, 15.71 pounds for sale.
The price of the dollar, about 15.59 pounds for purchase, 15.69 pounds for sale, in the Egyptian banks of Al-Ahly, Egypt and Cairo.
The price of the US dollar witnessed a discrepancy between the decline and the rise against the Egyptian pound, during the trading month of November 2020.
Most of the transactions of the price of the US dollar against the Egyptian pound tended to decline, as it lost about 6 piasters of its value in the banks of Al-Ahly of Egypt, Egypt and Cairo, and a number of banks operating in the local market, while it decreased by 4 piasters in the Commercial International Bank – Egypt, at a value that ranged from Between 4 and 6 piasters in the Central Bank of Egypt, compared to the transactions of the first of November.
Fell dollar price In front of the Egyptian pound, in most of the banks operating in the local market, especially the three major public banks, Al-Ahly of Egypt, Egypt, and Cairo, while the transactions of the last week of November witnessed the rise of the dollar in the Commercial International Bank and the Central Bank at a value that ranged between two and 4 piasters, to end transactions November is low compared to the beginning of the month.
Despite the spread of the Coronavirus pandemic, the price of the US dollar lost about 34 piasters of its value against the Egyptian pound, during the first 10 months of this year, as a result of increased dollar flows and a decline in the volume of imports.
The price of the US dollar was witnessing a state of stability against the Egyptian pound, during a period of more than two months, before it rose to a value of 11 piasters during the third week of trading in May.

Read also the price of the dollar against the Egyptian pound at the beginning of today’s trading, December 2nd

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