Egyptian pound continues to strengthen against USD Thursday

CAIRO – 6 July 2017: The Egyptian pound strengthened slightly against the U.S. dollar in Thursday’s banking transactions. The U.S. dollar exchange stood at an average of LE 17.82 for buying and LE 17.92 for selling, compared to an average of LE 17.84 for buying and LE 17.94 for selling recorded on Wednesday.

This week the Egyptian pound broke the LE18 per dollar barrier for the first time in six months. The dollar had ranged between LE 18.4 to LE 18.15 over the past six months.

Other foreign currencies exchange rate has also declined against the Egyptian pound. The euro went down to an average of LE 20.19 for buying and LE 20.37 for selling, compared to LE 20.25 for buying and LE 20.37 for selling on Wednesday.


The GBP (British Pound) exchange rate remained unchanged at an average of LE 23.0714 for buying and LE 23.2014 for selling.

Arab currencies also remained steady, with the Saudi Riyal recording LE 4.75 for buying and LE 4.78 for selling, the Emirati Dirham recording LE 4.85 for selling and LE 4.88 for buying, and Kuwaiti dinar registering LE 58.79 for buying and LE 59.23 for selling.