This article, published on Thursday, October 29, 2026, reports on the stable exchange rate of the UAE Dirham (AED) against the Egyptian Pound (EGP) at the start of trading.
Key points:
- The AED exchange rate remained stable, with the selling price generally around 15.30 EGP in several banks.
- Highest Buying Rate: Recorded at Abu Dhabi Islamic Bank (ADIB) at 15.27 EGP.
- Highest Selling Rate: Noted at National Bank of Kuwait at 15.45 EGP.
Specific rates:
- Central Bank of Egypt:
- Buying: 15.26 EGP
- Selling: 15.30 EGP
- Government Banks (Examples):
- National Bank of Egypt (NBE) and Banque Misr: 15.25 EGP (buying), 15.29 EGP (selling).
- Banque du Caire: 15.26 EGP (buying), 15.30 EGP (selling).
- Bank of Alexandria: 15.21 EGP (buying), 15.28 EGP (selling).
- Private Banks (Examples):
- Abu Dhabi Islamic Bank (ADIB): 15.27 EGP (buying), 15.30 EGP (selling).
- NEXt Bank: 15.26 EGP (buying), 15.30 EGP (selling).
- Crédit Agricole: 15.19 EGP (buying), 15.30 EGP (selling).
Impact of US Interest Rates:
- The US Federal Reserve maintained interest rates unchanged at its meeting on Wednesday, October 28, 2026, keeping them within the range of 3.75% to 4%.
- While investors monitor such decisions for their impact on the dollar and global capital flows, the article emphasizes that the stability of US interest rates does not necessarily dictate a specific movement for the AED/EGP rate, as local supply and demand dynamics within the Egyptian banking sector also significantly influence prices.
