EGP Market Update
31 Mar 2026 • 00:35 GMT
The Egyptian pound has continued to weaken against the US dollar, reaching its 90-day low near 0.018363. This marks a decline of around 10.5% below its three-month average of 0.020524, reflecting ongoing regional tensions and global market volatility. The currency has traded within a volatile range, with notable swings that underscore the cautious market sentiment.
While the Egyptian government and central bank aim for stability, external factors such as sustained safe-haven demand for the US dollar driven by geopolitical uncertainties and rising oil prices keep pressure on the EGP. Despite these challenges, forecasts suggest some support from Egypt’s monetary easing measures, which are helping improve overall market conditions.
For now, expect the EGP to remain sensitive to regional developments and US dollar movements, especially if global risk sentiment shifts. The currency’s recent lows highlight the importance of monitoring global market cues, but potential stabilization remains possible if supportive monetary policies and external factors align favorably.
