The US dollar exchange rate witnessed stability in Egyptian banks at the beginning of Wednesday’s trading.
Here are the prices of the US dollar in Banque Mis, the National Bank of Egypt, the Commercial International Bank, the Abu Dhabi Islamic Bank, the Suez Canal Bank, the United Bank, and the Central Bank of Egypt:
- The price of the US dollar against the Egyptian pound in the Suez Canal Bank reached about LE19.8 for purchase and LE 19.18 for sale.
- The price of the US dollar against the Egyptian pound at the United Bank is about LE 19.12 for purchase and LE 19.20 for sale.
- The dollar against the Egyptian pound in the Central Bank of Egypt recorded about 19.11 pounds for purchase, while it recorded about 19.19 pounds for sale.
- The US dollar at Banque Misr and the National Bank of Egypt reached about LE 19.12 for purchase and LE 19.18 for sale.
- The US dollar at the Commercial International Bank at about LE 19.14 for purchase, and about LE 19.20 for sale.
What is the difference between the selling price and the purchase price of currencies?
Currency sale price is the price at which a bank or exchange company sells currencies to customers.
The purchase price of currencies is the price at which the bank or exchange companies purchase currencies from customers, and the selling price is usually higher than the purchase price.
