Moves in the federal funds rate have a significant impact on the price of the US dollar, both in the strengthening of the dollar and its decline.
Today, the US Federal Reserve raised its key interest rate by half a percentage point in the largest increase in 22 years.
In a direct reaction, the US dollar fell once morest the Japanese yen while the euro and the Canadian dollar rose following the unanimous announcement by Fed policy makers.
Generally, higher interest rates increase the value of a country’s currency. Higher interest rates tend to attract foreign investment, which increases the demand for and value of a country’s currency.
dollar price today
The bank holiday, which reached nine days for the first time, was caused by the Labor Day holiday along with the Eid al-Fitr holiday, in addition to Friday and Saturday of each week, the official holiday for banks, which led to the stability of the dollar price once morest the local currency of the country.
The price of the Saudi riyal
The price of the Saudi riyal once morest the Egyptian pound has also stabilized in the branches of the National Bank of Egypt due to the blessed Eid al-Fitr holiday across the governorates of Egypt.
The purchase price is 4.91 Egyptian pounds.
The selling price is 4.93 Egyptian pounds.
The price of the pound sterling
The price of the pound sterling once morest the Egyptian pound also stabilized in all branches of the National Bank of Egypt due to the closure of banks during the Eid holiday in the governorates of the Republic.
The purchase price is 23.04 EGP.
The selling price is 23.26 EGP.
Kuwaiti dinar price
The price of the Kuwaiti dinar once morest the Egyptian pound was also fixed in all branches of the National Bank of Egypt due to the cessation of bank transactions.
The purchase price recorded 57.90 EGP.
And the selling price was 60.45 Egyptian pounds.
The price of the dollar today in all Egyptian banks
Bank Buying Price Selling Price Today Date
National Bank of Egypt 18.45 18.51 Thursday May 5
Central Bank of Egypt 18.44 18.52
Banque Misr 18.45 18.51
Banque du Caire 18.45 18.51
Alex Bank 18.46 18.53
Bank Audi 18.47 18.53
Abu Dhabi Islamic Bank 18.47 18.53
Commercial International Bank CIB 18.45 18.53
