The attention of many Egyptians is directed daily towards the price of the Saudi riyal, especially with the increase in the demand for Umrah or the transfers of workers abroad, and Banque Misr is one of the most follow -up Egyptian banks in this context, thanks to its periodic coverage and competitive price.
How much is the Saudi riyal in Banque Misr today, July 1, 2025?
The price of the Saudi riyal in Banque Misr today in the middle of transactions was about 13.13 pounds for purchase, 13.21 pounds for sale, and it is subject to continuous change based on the movement of supply and demand in the market, the price of the US dollar exchange, and the monetary policy factors of the Central Bank of Egypt.
Why are the Egyptians interested in the Saudi riyal price in Banque Misr?
Banque Misr is considered one of the most prominent government banks in the country in terms of the number of branches and the diversity of banking services, so many citizens resort to it when purchasing the Saudi riyal, especially before the Umrah seasons, and it also plays an important role in receiving financial transfers from millions of Egyptians working in Saudi Arabia, which makes it one of the most important daily indicators of Saudi currency movements within the Egyptian market.
Does the price of the dollar affect the price of the Saudi riyal in the Bank of Egypt?
There is a direct relationship between the dollar and the Saudi riyal within the Egyptian market, although the riyal is a separate currency, its close association with the US dollar makes any move in the price of the dollar often reflects on the riyal, the higher the dollar against the pound, the higher the cost of buying the riyal and vice versa, and the Bank of Egypt, like the rest of the banks, works to adjust the exchange rate in proportion to the movement of the global market and the dollar price locally.
Is it better to buy the riyal from Banque Misr?
Some resort to the black market (an illegal method) to obtain the riyal at a higher or less than the official price, in light of the fluctuations of the market, and the Bank of Egypt remains a safer and reliable option, especially in light of the central bank’s emphasis on cash and combating speculation, and the official dealing through the Bank of Egypt gives you a banking receipt that proves your purchase of the currency, which is necessary for travel or legal dealings.
Does the riyal price change in Banque Misr daily?
Banque Misr talks to the Saudi riyal exchange rate on a daily basis and sometimes more than once a day, according to market movements and the evaluation of the central bank, so customers are always advised to follow the prices before completing any purchase or sale.
Real price expectations in Egypt during the coming period
Some estimates indicate that the price of the Saudi riyal may witness relative stability during the coming months, with pressure on foreign currency and improved foreign exchange flows to the Egyptian market, and the high revenues of tourism and workers’ transfers is expected to play a major role in enhancing the supply of the riyal, which may reduce price pressure during the next Hajj season.
