On Tuesday, the US dollar prices stabilized remarkably against the Egyptian pound, in the Banque Misr, the National Bank of Egypt, and exchange firms.
The Al-Ahram Portal website published Tuesday’s exchange rates for the US dollar:
Banque Misr:
Purchase: LE15.64
Sale: LE15.74
National Bank of Egypt:
Purchase: LE15.64
Sale: LE15.74
Commercial International Bank:
Purchase: LE15.66
Sale: LE15.76
Abu Dhabi Islamic Bank:
Purchase: LE15.68
Sale: LE15.76
Central Bank of Egypt:
Purchase: LE15.66
Sale: LE15.75
What is the difference between the sale and purchase prices of currencies?
The sale price of currencies is the price at which citizens sell currencies to a bank or exchange company.
The purchase price of currencies is the price at which citizens buy currencies at banks, and is usually higher than the sale price.
