Market Overview
Arab currencies experienced a fresh wave of gains against the Egyptian pound during trading on Thursday, April 23, 2026. The increase reflects a noticeable rise in market demand for Gulf currencies, particularly as seasonal preparations, such as the Hajj season, intensify the need for the Saudi riyal.
Kuwaiti Dinar Leads Market
The Kuwaiti dinar continued to lead the list of the most expensive Arab currencies in the Egyptian market. The currency broke the 171-pound barrier for sale at the National Bank of Kuwait. Meanwhile, the Central Bank of Egypt recorded the dinar at 169.47 pounds for purchase and 169.97 pounds for sale, with major lenders like the National Bank of Egypt and Banque Misr maintaining a sale rate of 169.90 pounds.
Riyal and Dirham Performance
The Saudi riyal maintained its upward trajectory, with selling rates at the National Bank of Kuwait reaching 14.01 pounds. Similarly, the UAE dirham saw further gains, reaching 14.18 pounds for sale at the Central Bank of Egypt, while the National Bank of Kuwait recorded the highest selling rate for the dirham at 14.31 pounds. These movements indicate ongoing adjustments in the currency market as traders watch for further volatility in the coming days.
Currency Exchange Rates Summary
- Kuwaiti Dinar: Ranging from 169.90 to over 171 pounds across major banks.
- Saudi Riyal: Selling rates approaching 14 pounds, with 13.88 recorded at the National Bank of Egypt.
- UAE Dirham: Trading between 14.17 and 14.31 pounds for sale.
