register The price of the Saudi riyal before Egyptian pound A state of stability during today’s trading on Friday, coinciding with the weekly bank holiday, which led to stable prices without significant changes compared to the previous days’ transactions.
This stability comes in light of relative calm in the exchange market, with citizens and investors continuing to monitor foreign currency price movements, especially the Saudi riyal, which is witnessing increasing demand with the Umrah and travel seasons.
The price of the Saudi riyal in the Central Bank of Egypt
The Saudi riyal recorded about 14.14 pounds for purchase and 14.17 pounds for sale, a level that reflects the stability of monetary policy and the balance of supply and demand within the banking market.
The price of the Saudi riyal in Egyptian banks
in National Bank Al-Masry and Banque Misr, the price of the riyal stabilized at 14.10 pounds for purchase and 14.17 pounds for sale.
In the Bank of Alexandria, it was recorded at 14.05 pounds for purchase and 14.14 pounds for sale, while at the Commercial International Bank, it was 14.11 pounds for purchase and 14.16 pounds for sale.
As for Abu Dhabi Islamic Bank, the riyal recorded 14.12 pounds for purchase and 14.14 pounds for sale, while at Al Baraka Bank it reached 14.10 pounds for purchase and 14.16 pounds for sale.
The lowest purchase price at the Suez Canal Bank was recorded at 14 pounds, while the selling price reached 14.18 pounds, which is one of the highest levels of selling among banks.
Look at the market
The stability of the Saudi riyal price reflects a balance in the currency market, with expectations that this calm will continue during the current period, especially in light of the markets’ anticipation of any global economic variables that may affect exchange rates.
