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The Egyptian pound is still facing fluctuations of rise and fall against foreign currencies within the parallel markets, as the Saudi riyal is witnessing a restoration of its balance and an increase in its price again in black market transactions in recent days, after witnessing a decline in its value at the beginning of last week, despite its stable price in… Egyptian banks. Below are the developments in the price of the Saudi riyal in transactions on Saturday, February 10, 2024, inside banks and the black market.
The price of the riyal against the pound inside banks
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Developments in the prices of the riyal against the Egyptian pound on the black market.. Is the exchange rate witnessing noticeable changes today?
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If you intend to travel in the coming days to perform Umrah rituals; Certainly, you are constantly searching for riyal rates within banks. To be able to exchange currencies, below we review the latest updates in the price of the Saudi riyal against the Egyptian pound within various Egyptian banks during transactions on Saturday, February 10:
Egyptian Central Bank
The average sale of the riyal against the pound within the Central Bank was about 8.26, and the average purchase was about 8.22 Egyptian pounds.
National Bank of Egypt
The riyal recorded within the National Bank during sales operations was 8.24, while during purchases it was about 8.20 Egyptian pounds.
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Egypt Bank
The average selling price was about 8.24 Egyptian pounds, and the purchasing price was about 8.20 Egyptian pounds.
Abu Dhabi Islamic Bank
The selling price at Abu Dhabi Bank was about 8.25 EGP. M and the purchase price is 8.24 Egyptian pounds.
Bank of Alexandria
The average selling price was about 8.25 EGP. M, while the purchase price is about 8.21 EGP. M.
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Credit Agricole Bank
The selling price within Credit Agricole Bank is 8.25 EGP. M, while the purchase price was about 8.21 EGP. M.
Egyptian Gulf Bank
The selling price within the Egyptian Gulf Bank is about 8.25, the purchasing price is about 8.17 Egyptian pounds.
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In recent days, the Saudi riyal has begun to regain its balance and rise again against the Egyptian pound on the black market, compared to the stability of its price in Egyptian banks, where the average price of the Saudi riyal during sale is about 17.48 EGP. M
The price of the Saudi riyal against the US dollar
The average price of the US dollar against the Saudi riyal in global markets on Saturday, February 10, 2024 was about 3.75 riyals.
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The riyal industry goes back to the Saudi Arabian Monetary Agency.
Why was the Saudi currency called the riyal?
The word real is derived from the word royal, which means royal in Spanish.
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