The Egyptian pound retreated against the U.S. dollar on Wednesday, October 14, 2026, pushing the greenback past the key threshold of 53 Egyptian pounds across multiple state and private financial institutions despite rising foreign currency inflows.
Trading desks closed out Wednesday with the American currency firmly entrenched above the 53-pound mark, according to financial sector reporting. The steady slide of local tender unfolded across banking networks even as separate gauges showed foreign exchange reserves and worker remittances touching unprecedented highs.
Exchange Rates Across Major Egyptian Banks
By the end of the session, average trading bands hovered between 53.04 and 53.08 pounds for buyers, with selling rates touching 53.15 to 53.18 pounds tracked at market close. Financial institutions reported upward adjustments ranging from 25 to 31 piasters compared to the previous day’s figures according to institution websites.
The highest acquisition cost for the dollar reached 53.08 pounds—alongside a 53.18-pound selling price—at Commercial International Bank and Suez Canal Bank. Meanwhile, Abu Dhabi Islamic Bank recorded a lower rate of 52.80 pounds for purchase and 52.90 pounds for sale.
Additional foreign currencies also saw recorded trading across the local market and exchange houses during the session. The euro registered 59.21 pounds for purchase and 59.40 pounds for sale, while the British pound stood at 70.05 pounds to buy and 70.34 pounds to sell. The Swiss franc traded at 63.49 pounds for purchase alongside 63.70 pounds for sale, and 100 Japanese yen were valued at 33.36 pounds for buying and 33.51 pounds for selling. In addition, the Chinese yuan recorded a transfer rate of 7.90 pounds for purchase and 7.91 pounds for sale.
| Financial Institution | Purchase Rate (EGP) | Selling Rate (EGP) |
|---|---|---|
| Central Bank of Egypt | 53.04 | 53.18 |
| National Bank of Egypt | 53.05 | 53.15 |
| Banque Misr | 53.05 | 53.15 |
| Commercial International Bank | 53.08 | 53.18 |
| Alexandria Bank | 53.07 | 53.17 |
Tourism and Remittances Boost Foreign Currency Reserves
The exchange rate movement ran parallel to broad gains in national liquidity reserves. Egypt’s foreign currency reserves climbed amidst rising foreign currency inflows. This followed previous shifts in financial indicators.
External revenue streams showed general strengthening driven by tourism receipts, export volumes, Suez Canal revenue, and worker remittances. Calendar year inflows grew more than in previous periods.
Foreign and Arab Investors Drive Portfolio Flows
A breakdown of those transactions reveals that foreign participants registered market activity, while regional Arab investors recorded distinct transaction volumes.
These portfolio flows followed previous trading patterns. Earlier periods in the market achieved notable intake, underpinned by investment flows from regional and international participants.
