Friday 02/January/2026 – 08:00 AM
The exchange rates of the euro against the Egyptian pound witnessed a state of remarkable stability during today’s transactions, Friday, January 2, 2026, as the European currency maintained its levels recorded coinciding with the weekly holiday for the banking sector, and issued ““Med Bank” List of banks with the highest price for buying the euro at 56.01 pounds, while the selling price was 56.27 pounds. On the other hand, the Housing and Development Bank provided one of the best prices for consumers wishing to buy, as the selling price recorded 56.03 pounds compared to 55.82 pounds for purchasing.
The exchange rates in the major government and private banks converged, as the euro recorded in the National Bank of Egypt, Banque Misr, and the Arab African International Bank a unified purchase level of 55.85 pounds, while the selling prices in these banks ranged between 56.11 and 56.15 pounds. These price movements reflect a state of balance in supply and demand for foreign currencies at the beginning of the new year, under close supervision by the Central Bank of Egypt to ensure the stability of the exchange market and meet the needs of importers and individuals.
Slight variation in exchange rates between banks
In a related context, investment banks showed a slight discrepancy in the values of the European currency, as the Suez Canal Bank recorded a selling price of 56.28 pounds compared to 55.85 pounds for buying, while the price in Qatar National Bank and the Arab International Bank stabilized at levels approximately 56.10 pounds for selling. These price levels come after a wave of global fluctuations witnessed in international markets at the end of last year, which prompted local banks to adopt flexible price policies in line with global economic variables and cash flows.
Euro exchange rates at the Banque du Caire and the Industrial Development Bank also stabilized around the level of 56.05 and 56.13 pounds for sale, respectively, with a slight decline in purchase levels to reach 55.84 pounds. Experts believe that this stability contributes to enhancing investor confidence in the local business environment, especially with the availability of hard currency to cover various commercial operations. Banks are expected to resume their price updates immediately upon returning from the official holiday early next week in accordance with the supply and demand mechanisms followed in the Egyptian banking system.
