Dollar exchange hits record high in banks
The US dollar exchange rate in Egypt saw increases during Thursday, October 22, 2026, reaching approximately 55.24 pounds for purchase and 55.38 pounds for sale at the Central Bank. Domestic prices are influenced by global market expectations, which are closely watching US monetary policy decisions, especially regarding potential interest rate hikes. These hikes are estimated to have a 91% probability in December, according to forecasts, influenced by economic data such as inflation and personal consumption expenditures. The dollar exchange rate across Egyptian banks varies between about 54.33 and 55.25 pounds, with slight differences among institutions. Traders are advised to check real-time rates before conducting any transactions. Expectations of fluctuations in the dollar’s price continue to persist, depending on global and local conditions.
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