EGP index rose against a basket of major currencies to 35.926 points at today's trading

The Egyptian Pound Index strengthened against major global currencies at the close of trading on Monday, June 1, rising to 36.122 points, compared with 35.926 points at the end of trading on the previous Monday.

The increase in the index was driven by the Egyptian pound's appreciation against the U.S. dollar, euro, British pound sterling, Japanese yen, UAE dirham, Saudi riyal, and Chinese yuan at the close of trading.

The average selling price of the U.S. dollar declined from EGP 52.33 to EGP 52.06, while the average buying price fell from EGP 52.23 to EGP 51.96 by the end of the day.

Meanwhile, the average selling price of the euro dropped from EGP 60.96 to EGP 60.63, while the average buying price decreased from EGP 60.84 to EGP 60.50.

The British pound also weakened, with the average selling price falling from EGP 70.67 to EGP 70.09, while the average buying price declined from EGP 70.53 to EGP 69.94.

The average selling price of the Chinese yuan edged down from EGP 7.71 to EGP 7.69, while the average buying price slipped from EGP 7.70 to EGP 7.68.

Similarly, the average selling price of the Japanese yen fell from EGP 32.93 to EGP 32.65, while the average buying price decreased from EGP 32.87 to EGP 32.57.

The UAE dirham also recorded losses against the Egyptian pound, with the average selling price declining from EGP 14.25 to EGP 14.17, while the average buying price dropped from EGP 14.22 to EGP 14.14.

Likewise, the average selling price of the Saudi riyal fell from EGP 13.95 to EGP 13.87, while the average buying price decreased from EGP 13.92 to EGP 13.84 by the close of trading.