With increasing interest in financial markets and fluctuations in foreign exchange rates, Egyptian citizens recently noticed an increase in the price of the European euro against the Egyptian pound, especially on the black market. This rise attracted the attention of many followers and raised many inquiries about its effects on the Egyptian economy and the lives of citizens.
Reasons for the rise in the price of the euro
One of the main factors that led to the rise in the price of the euro against the Egyptian pound was the decision of the Central Bank of Egypt to raise deposit and loan returns by about 600 basis points. This decision, which was taken within the framework of the Egyptian government’s monetary policies, aims to confront the increasing economic challenges and enhance financial stability.
Euro price on the black market
The price of the euro on the black market is constantly changing and depends on many economic and political factors. According to the latest updates, today’s price of the euro on the black market was as follows:
- 1 euro = 54.5 Egyptian pounds
- 5 euros = 272.2 Egyptian pounds
- 10 euros = 544.5 Egyptian pounds
- 25 euros = 1,361.2 Egyptian pounds
- 50 euros = 2,722.5 Egyptian pounds
- 100 euros = 5,445.0 Egyptian pounds
- 500 euros = 27,225.0 Egyptian pounds
- 1000 euros = 54,450.0 Egyptian pounds
- 5000 euros = 272,250.0 Egyptian pounds
- 10,000 euros = 544,500.0 Egyptian pounds
Euro price in banks
Regarding the official rate of the euro in Egyptian banks, the following rates can be found:
- Credit Agricole Bank: about 33.36 pounds to buy and 33.60 pounds to sell.
- National Bank of Kuwait: About 33.36 pounds to buy and 33.52 pounds to sell.
- Bank of Alexandria: about 33.36 pounds to buy and 33.60 pounds to sell.
- Commercial International Bank: About 33.36 pounds to buy and 33.61 pounds to sell.
- National Bank of Egypt: 33.25 pounds to buy and 33.5 pounds to sell.
- Suez Canal Bank: 33.36 pounds to buy and 33.52 pounds to sell.
The price of the dollar on the black market
In addition to the euro, the US dollar is also experiencing price fluctuations. According to the latest information, the price of the dollar on the black market was as follows:
- 1 US dollar = 49.9 Egyptian pounds
- 5 US dollars = 249.2 Egyptian pounds
- 10 US dollars = 498.5 Egyptian pounds
- 25 US dollars = 1,246.2 Egyptian pounds
- 50 US dollars = 2,492.5 Egyptian pounds
- 100 US dollars = 4,985.0 Egyptian pounds
- 500 US dollars = 24,925.0 Egyptian pounds
- 1000 US dollars = 49,850.0 Egyptian pounds
- 5000 US dollars = 249,250.0 Egyptian pounds
- 10,000 US dollars = 498,500.0 Egyptian pounds
The price of foreign currencies is linked to multiple economic and political factors, and can have a significant impact on the daily lives of citizens and on the country’s economy in general. It is important to follow financial market developments and understand the factors that affect currency fluctuations to make sound financial decisions and plan well for the future.
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