Friday 05 July 2024 | 05:30 AM
Saudi riyal price
The Saudi riyal exhibited remarkable stability against the Egyptian pound in today’s transactions, Friday, July 5, 2024, according to the latest currency price display updates against the Egyptian pound. Many people are inquiring about the daily movement of the Saudi riyal price against the Egyptian pound.
Average price of the Saudi riyal in the Central Bank of Egypt
The average price of the Saudi riyal at the Central Bank of Egypt was recorded at approximately 12.78 pounds for purchase and 12.82 pounds for sale.
Saudi Riyal price in the National Bank of Egypt:
The price of the Saudi riyal in the National Bank of Egypt reached 12.79 pounds for purchase and 12.82 pounds for sale.
Saudi Riyal price in Bank Misr:
The Saudi riyal exchange rate at Banque Misr was recorded at 12.79 pounds for purchase and 12.82 pounds for sale.
Saudi Riyal price in CIB:
The Commercial International Bank offered the Saudi riyal at 12.73 pounds for purchase and 12.82 pounds for sale.
Saudi Riyal price in Arab African International Bank:
The price of the Saudi riyal at the Arab African International Bank was recorded at approximately 12.46 pounds for purchase and 12.84 pounds for sale.
Saudi Riyal price in Qatar National Bank:
The Saudi riyal exchange rate at Qatar National Bank was recorded at 12.66 pounds for purchase and 12.82 pounds for sale.
Saudi Riyal price in Faisal Islamic Bank:
The Saudi riyal price at Faisal Bank was recorded at 12.74 pounds for purchase and 12.82 pounds for sale.
Saudi Riyal price in Abu Dhabi Islamic Bank:
The Saudi riyal exchange rate at Abu Dhabi Islamic Bank was recorded at 12.83 pounds for purchase and 12.86 pounds for sale.
Saudi Riyal price in United Bank:
The price of the Saudi riyal at the United Bank reached 12.37 pounds for purchase and 12.82 pounds for sale.
Saudi Riyal Price Today: Stability Against the Egyptian Pound
Friday 05 July 2024 | 05:30 AM
Saudi riyal price
Saudi Riyal Exchange Rate: Stability in Today’s Transactions
The Saudi riyal has shown remarkable stability against the Egyptian pound in today’s trading, Friday, July 5, 2024, according to the latest currency price updates. Many individuals are curious about the daily fluctuations of the Saudi riyal against the Egyptian pound, and this article provides a comprehensive overview of the current exchange rates.
Average Saudi Riyal Price at the Central Bank of Egypt
The average price of the Saudi riyal at the Central Bank of Egypt has been recorded at approximately 12.78 pounds for purchase and 12.82 pounds for sale.
Saudi Riyal Exchange Rates at Major Banks
Here’s a breakdown of the Saudi riyal exchange rates at prominent Egyptian banks:
National Bank of Egypt
The price of the Saudi riyal at the National Bank of Egypt reached 12.79 pounds for purchase and 12.82 pounds for sale.
Banque Misr
The Saudi riyal exchange rate at Banque Misr was recorded at 12.79 pounds for purchase and 12.82 pounds for sale.
Commercial International Bank (CIB)
The Commercial International Bank offered the Saudi riyal at 12.73 pounds for purchase and 12.82 pounds for sale.
Arab African International Bank
The price of the Saudi riyal at the Arab African International Bank was recorded at approximately 12.46 pounds for purchase and 12.84 pounds for sale.
Qatar National Bank
The Saudi riyal exchange rate at Qatar National Bank was recorded at 12.66 pounds for purchase and 12.82 pounds for sale.
Faisal Islamic Bank
The Saudi riyal price at Faisal Bank was recorded at 12.74 pounds for purchase and 12.82 pounds for sale.
Abu Dhabi Islamic Bank
The Saudi riyal exchange rate at Abu Dhabi Islamic Bank was recorded at 12.83 pounds for purchase and 12.86 pounds for sale.
United Bank
The price of the Saudi riyal at the United Bank reached 12.37 pounds for purchase and 12.82 pounds for sale.
Factors Influencing the Saudi Riyal Exchange Rate
The exchange rate between the Saudi riyal and the Egyptian pound is influenced by various economic and geopolitical factors, including:
- Oil Prices: Saudi Arabia is a major oil exporter, and fluctuations in oil prices significantly impact its currency. A rise in oil prices generally strengthens the Saudi riyal.
- Economic Growth: Strong economic growth in Saudi Arabia boosts demand for its currency, leading to appreciation.
- Monetary Policy: The Saudi Arabian Monetary Authority’s (SAMA) monetary policy decisions, such as interest rate changes, can influence the riyal’s value.
- Political Stability: Political stability in Saudi Arabia and the region is crucial for investor confidence and currency stability.
- Global Economic Conditions: Global economic events, such as recessions or geopolitical tensions, can impact currencies worldwide, including the Saudi riyal.
Tips for Converting Saudi Riyals
If you’re planning to exchange Saudi riyals, here are some tips to get the best rates:
- Compare Exchange Rates: Check different banks and exchange bureaus to find the most favorable rates.
- Use Online Money Transfer Services: Online services can often offer competitive exchange rates.
- Avoid Airport Exchange Bureaus: Airport exchange bureaus typically have higher fees and less favorable rates.
- Consider a Travel Card: A travel card can offer convenient and potentially cheaper options for currency conversions.
Stay Informed with Currency Updates
To stay up-to-date on the latest Saudi riyal exchange rates, regularly check reliable financial news websites and currency converter tools. By staying informed, you can make informed decisions regarding currency conversions and financial transactions.