Dollar Exchange Rate Against Egyptian Pound on June 1, 2026, Post-Eid Holiday

On Monday, June 1, 2026, the dollar experienced a surprising decline against the Egyptian pound following the end of the Eid al-Adha holiday and the resumption of banking operations. The American currency dropped in several banks compared to its morning trading levels.

This decrease comes amid significant public and business interest in dollar movements, as exchange rates directly impact import costs and prices of goods and raw materials in the local market.

Current Dollar Prices in Banks

The dollar’s price fell in some banks to approximately EGP 52.11 for buying and EGP 52.21 for selling.

In earlier trading hours, it was recorded at about EGP 52.23 for buying and EGP 52.33 for selling across various banks, indicating a clear drop during today’s transactions.

Dollar Price at National Bank of Egypt

At the National Bank of Egypt, the dollar was priced at EGP 52.14 for buying.

The selling price reached EGP 52.24, continuing to operate below its previous levels before the Eid holiday.

Dollar Price at Bank Misr

The dollar’s price at Bank Misr also stood at EGP 52.14 for buying.

Its selling price matched that of the National Bank at EGP 52.24, reflecting a convergence between major state-owned banks’ rates.

Dollar Price at Commercial International Bank (CIB)

At Commercial International Bank (CIB), the dollar was priced around EGP 52.12 for buying.

The selling price was set at EGP 52.22, making it one of the lower rates reported in today’s banking transactions.

Dollar Price at Alexandria Bank and United Bank

The Alexandria Bank quoted a dollar price of approximately EGP 52.11 for buying and EGP 52.21 for selling.

Meanwhile, United Bank reported a rate of about EGP 52.12 for buying and EGP 52.22 for selling according to recent updates on prices announced by these institutions.

Reasons Behind Price Variations Among Banks

The differences in dollar prices from one bank to another are attributed to supply and demand mechanisms within each institution.

The official exchange rate fluctuates based on available liquidity in foreign currency reserves, customer needs, and daily transaction activities following the resumption of banking services.

Dollar Movement Forecasts

The dollar may continue to fluctuate within a limited range over the coming days if foreign currency supply remains adequate relative to demand levels.

If demand from companies and importers increases after the holiday period, new changes in prices could be anticipated during future transactions.