The average exchange rate of the euro against the Egyptian pound rose in the morning trading Tuesday of banks and exchange companies. The price of the European currency in the Central Bank of Egypt scored about 18.2443 pounds for purchase, and 18.3925 pounds for sale. The Suez Canal Bank offered the highest price for the euro at 18,528 pounds, while the price in Banque Misr decreased to reach 18.3582 pounds. The Egyptian pound received strong support in the face of foreign currencies from remittances from Egyptians abroad, which kept the money market stable for a long time. The price of the dollar and sterlingIn bank transactions, the price of the dollar against the Egyptian pound was recorded, about 15.6576 pounds for purchase, and 15.7835 pounds for sale, while the price of the sterling decreased and recorded, 20.2218 pounds for purchase, 20.386 pounds for sale.

Source: Egypt Today November 03, 2020 08:46 UTC