The US dollar price in Egypt stabilized at the beginning of trading on Wednesday the price of the dollar rebounded globally, supported by the rise in bond yields and expectations of a rise in the US interest rate during the month of May according to Reuters.
The price of the dollar today in Egypt:
Banque Misr
LE30.75 for purchase
LE30.85 for sale
National Bank of Egypt
LE30.75 for purchase
LE30.85 for sale
Central Bank of Egypt
LE30.83 for purchase
LE30.96 for sale
Commercial International Bank
LE30.85 for purchase
LE30.95 for sale
Suez Canal Bank
LE30.85 for purchase
LE30.95 for sale
Housing and Development Bank
LE30.85 for purchase
LE30.95 for sale
Arab African International Bank
LE30.85 for purchase
LE 30.95 for sale
LE30.85 for purchase
LE30.95 for sale
US dollar price forecast in Egypt
The US Federal Reserve is facing a problem, one of the most important factors of which is the interest rate hike series during 2022, Banking expert, Ahmed Shawky, said.
“If the US Federal Reserve does not fix the interest rate, it will raise by a maximum of 25 basis points, which will attract more investments to the dollar,” he added.
In televised statements, Shawky explained that this step would negatively affect the performance of other currencies worldwide, especially emerging markets.
Shawky continued, in televised statements, that this step would negatively affect the performance of other currencies worldwide, especially in emerging markets.
He anticipated a rise in the price of the dollar in Egypt in the coming period by no less than ten percent.
Many international institutions also expect a rise in the price of the dollar against the pound soon, which is evident from the rise in future prices which exceeded LE40, he said.
Edited translation from Al-Masry Al-Youm
