Cairo – Mubasher: The Egyptian pound showed a mixed performance on Monday against foreign currencies at national and private banks.

National Bank of Kuwait – Egypt (NBK) offered the highest US dollar rate at EGP 17.9 for buying and EGP 17.98 for selling, whereas the National Bank of Egypt (NBE) recorded the lowest rate at EGP 17.78 for buying and EGP 17.88 for selling.

Meanwhile, the average rate of the euro across Egyptian banks ranged between EGP 20. 2 and EGP 20.77 for purchasing and between EGP 20.44 and EGP 20.92 for selling.

Moreover, Banque du Caire registered the highest rate for buying and selling the British pound sterling at EGP 23.4 and EGP 23.61, respectively, while Bank of Alexandria recorded the lowest rate at EGP 22.57 for buying and EGP 22.78 for selling.

Egypt is targeting a USD rate of EGP 17.25 in fiscal year 2018/2019, versus EGP 16 in FY17/18.