850 pounds! This is what you can lose or save from just one transfer after the sharp jump recorded by the Saudi riyal against the Egyptian pound, as the differences between banks reached record levels of 85 piasters per transaction.
The exchange rates of the Saudi riyal witnessed a noticeable increase across the Egyptian banks network compared to yesterday’s trading, with a stark contrast in the prices offered. Issued National Bank of Egypt The high price list had a purchase price of 13.84 pounds and a sale price of 13.90 pounds, while it was recorded Central Bank For official reference, the price is lower at 13.34 pounds to buy and 13.38 pounds to sell.
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On the other hand, he stood out Abu Dhabi Commercial Bank As the cheapest option available, it is priced at 13.02 pounds to buy and 13.37 pounds to sell, which means saving a full 82 piasters per riyal compared to the National Bank.
Other banks Their prices are distributed as follows:
- Banque Misr: 13.83 pounds to buy, 13.90 pounds to sell
- Bank of Alexandria: 13.87 pounds to buy, 13.90 pounds to sell
- Commercial International Bank: 13.85 pounds to buy, 13.90 pounds to sell
- Al Baraka Bank: 13.68 pounds to buy, 13.78 pounds to sell
- Suez Canal Bank: 13.70 pounds to buy, 13.78 pounds to sell
Comparing these prices with yesterday’s trading, it is clear that most banks witnessed increases that ranged between 50-60 piasters, as the National Bank was offering 13.30 pounds yesterday for purchase, compared to 13.84 pounds today.
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These movements come after a day of relative stability due to the weekly bank holiday, which indicates a gathering of purchasing pressures that pushed prices to rise strongly at the beginning of trading.
