Ahmed Kamel – Egypt Daily News
The Egyptian pound strengthened against the US dollar in banking transactions on Tuesday, March 10, 2026, with the American currency recording a noticeable decline across several banks.
The dollar lost about 1.24 Egyptian pounds compared with its value at the start of morning trading, falling from 52.74 pounds for buying and 52.84 pounds for selling to levels ranging between 51.50 and 51.55 pounds for buying in most banks. The decline represents a drop exceeding 2.3 percent in some financial institutions.
At Arab African International Bank, the dollar recorded a slightly higher rate compared with other banks, reaching 51.70 pounds for buying and 51.80 pounds for selling.
Meanwhile, Kuwait Finance House, Societe Arabe Internationale de Banque, and Egyptian Arab Land Bank posted unified rates of 51.55 pounds for buying and 51.65 pounds for selling.
Lower rates were recorded at several other banks, including National Bank of Egypt, Arab International Bank, HSBC, Al Baraka Bank Egypt and Faisal Islamic Bank of Egypt, where the dollar traded at around 51.50 pounds for buying and 51.60 pounds for selling.
The decline comes amid volatile financial conditions linked to ongoing geopolitical tensions in the Middle East and fluctuations in global energy markets, which have placed pressure on currencies across the region. Financial analysts say movements in the Egyptian pound are also influenced by changes in capital flows, foreign currency liquidity and expectations regarding monetary policy.
Egyptian authorities and financial institutions continue to monitor currency market developments closely as the country navigates a challenging global economic environment marked by rising energy costs and regional instability.
