Egyptian currency markets show stability amid record foreign reserves

Currency exchange rates in Egypt showed stability and slight fluctuations across major banks in early October 2026. The US Dollar remained above the 52 EGP level, with rates varying between institutions. HSBC and Abu Dhabi Islamic Bank offered some of the highest rates, while Commercial International Bank (CIB) and Crédit Agricole recorded some of the lower rates.

The Saudi Riyal also maintained stability in the local market, with rates ranging from approximately 13.51 EGP to 14.13 EGP depending on the bank.

Regarding broader economic indicators, the Central Bank of Egypt reported that foreign exchange reserves rose by $920 million to reach a record $57.21 billion in August. Additionally, the Central Bank has maintained interest rates at 19% for deposits and 20% for lending, with upcoming policy meetings scheduled for late October and December.