The Saudi riyal, the price of the Saudi riyal today, the developments in the price of the Saudi riyal, are all words on which searches have increased on Google. With the approaching Hajj season 1444 AH, we publish the price of the Saudi riyal today against the Egyptian pound.
The price of the Saudi riyal today
prove The price of the Saudi riyal Today, Saturday 5-13-2023, against the Egyptian pound and maintained its stability, in conjunction with the Egyptian banking market holiday, as the Saudi currency in the Central Bank of Egypt recorded the average exchange rate at 8.22 pounds for purchase, 8.24 for sale, and the price of the Saudi riyal in the Commercial International Bank: 8.18 EGP 8.25 for buying, and it is expected that the interest rate will be decided at the next meeting of the Central Bank on May 18, 2023, and this is a very important matter for investors and companies operating in the financial market.
The price of the Saudi riyal today
The prices of the Saudi riyal on the black market today:
And the prices of the Saudi riyal were recorded in the parallel market, where it reached an average of 9.75 pounds, which are the prices near banks.
The prices of the Saudi riyal today, Saturday, May 13, in exchange companies are as follows:
National Bank exchange company:
Record the price of the Saudi riyal
- 8.24 pounds to buy
- and 8.25 for sale.
Banque Misr exchange company:
Record the price of the Saudi riyal
- 8.24 pounds to buy
- and 8.25 for sale.
White Exchange:
Record the price of the Saudi riyal
- 8.24 pounds to buy
- and 8.25 for sale.
Abramco Exchange:
Record the price of the Saudi riyal
- 8.24 pounds to buy
- and 8.25 for sale.
The price of the Saudi riyal against the Egyptian pound
In the following lines, Al-Fajr portal reviews everything you need to know about the price of the Saudi riyal against the pound today, Saturday, May 13, and the black market crisis, especially since the price of the Saudi currency varies from one bank to another, according to the latest updates on the official websites of banks operating in Egypt and the Central Bank. Egyptian, and we review in the following lines The price of the Saudi riyal today against the pound in a number of banks.
Saudi riyal
The prices of the Saudi riyal today, Saturday, May 13, 2023:
The price of the Saudi riyal against the Egyptian pound – the Central Bank of Egypt
| Purchasing price | selling price |
| 8.22 pounds | 8.24 pounds |
The price of the Saudi riyal against the Egyptian pound – National Bank of Egypt
| Purchasing price | selling price |
| 8.19 pounds | 8.22 pounds |
The price of the Saudi riyal against the Egyptian pound – Banque Misr
| Purchasing price | selling price |
| 8.19 pounds | 8.22 pounds |
The price of the Saudi riyal against the Egyptian pound – Al Ahli Bank of Kuwait
| Purchasing price | selling price |
| 8.22 pounds | 8.25 pounds |
The price of the Saudi riyal against the Egyptian pound – Arab Investment Bank
| Purchasing price | selling price |
| 8.20 pounds | 8.25 pounds |
The price of the Saudi riyal against the Egyptian pound – National Bank of Qatar
| Purchasing price | selling price |
| 8.13 pounds | 8.25 pounds |
The price of the Saudi riyal against the Egyptian pound – Commercial International Bank CIB
| Purchasing price | selling price |
| 8.18 pounds | 8.24 pounds |
The price of the Saudi riyal against the Egyptian pound – CIB Bank
| Purchasing price | selling price |
| 8.09 pounds | 8.25 pounds |
The price of the Saudi riyal against the Egyptian pound – Mashreq Bank
| Purchasing price | selling price |
| 8.13 pounds | 8.25 pounds |
The price of the Saudi riyal against the Egyptian pound – Egyptian Gulf Bank
| Purchasing price | selling price |
| 8.17 pounds | 8.25 pounds |
The price of the Saudi riyal against the Egyptian pound – Abu Dhabi Islamic Bank
| Purchasing price | selling price |
| 8.23 pounds | 8.24 pounds |
The price of the Saudi riyal against the Egyptian pound – Bank of Alexandria
| Purchasing price | selling price |
| 8.20 pounds | 8.25 pounds |
The price of the Saudi riyal against the Egyptian pound – Industrial Development Bank
| Purchasing price | selling price |
| 8.11 pounds | 8.22 pounds |
There are many factors that affect the exchange rate of the Saudi riyal against the Egyptian pound, including:
What are the factors affecting the price of the Saudi riyal against the Egyptian pound?
1- The Saudi economy:
The Saudi economy is one of the largest economies in the Middle East and is affected by many factors such as oil and gas production and prices, government spending and foreign investments. And when the Saudi economy is strong, this leads to an increase in demand for the Saudi riyal and thus leads to an increase in its value.
2- Monetary Policy:
Monetary policy includes the decisions taken by the Saudi Central Bank regarding interest rates, saving money and issuing currencies, and when interest rates are raised, this increases the attractiveness of the Saudi riyal to foreign investors and leads to an increase in its value.
3- Political and Social Factors:
Political and social factors include current events and political and social changes in the Kingdom of Saudi Arabia and Egypt, which can affect the demand and supply of the Saudi riyal and thus affect its value.
4- Global factors:
Global factors include oil and gas prices, international trade, and economic developments in other countries, which can affect the Saudi economy and thus affect the value of the Saudi riyal.
5- Supply and demand:
The supply and demand for the Saudi riyal and the Egyptian pound are among the main factors that affect the exchange rate of the Saudi riyal against the Egyptian pound. When the demand for the Saudi riyal increases against the Egyptian pound, this leads to an increase in its value, while when the supply of the Saudi riyal increases against the Egyptian pound, this leads to a decrease in its value.
The date of the Central Bank of Egypt meeting
Reports announced the date of the next Central Bank of Egypt meeting, which will be on Thursday, May 18, 2023, in order to determine the interest rate for the next period until June 22, 2023, especially since the Monetary Policy Committee at the Central Bank convenes every 6 weeks, so there are 8 meetings that will take place. During 2023, it is expected that the new interest rate will be announced at this meeting, and it will reflect the expectations of the Central Bank of the local and global economy.
