The latest price movement of the dollar today
The price of the dollar rose today in the Suez Canal Bank at the end of trading, compared to its level yesterday evening, while it stabilized in other banks.
Where the price of the dollar rose today by 3 piasters in the Suez Canal Bank, reaching 15.71 pounds for purchase and 15.81 pounds for sale.
The price of the dollar stabilized today at the same level as yesterday in the National Bank of Egypt, Banque Misr, Cairo, and Alexandria at 15.70 pounds for purchase and 15.80 pounds for sale.
The price of the dollar today settled in Al Baraka banks, Credit Agricole, Arab African, International Commercial, and Construction and Housing at 15.71 pounds for purchase and 15.81 pounds for sale.
The price of the dollar today in Abu Dhabi Islamic Bank stabilized at 15.72 pounds for purchase, and 15.82 pounds for sale.
The price of the dollar today in banks and the parallel market
Dollar price table today in banks and parallel.
The price of the dollar today on the black market
The price of the dollar today on the black market was 15.75 pounds for purchase and 15.80 pounds for sale.
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The origin of the American dollar
The dollar is the base currency of the United States of America, and is equal to 100 cents, and the US dollar is symbolized by the symbol “USD, or $”. The largest denomination of the dollar reaches 100,000 per sheet, but during the current time the production of that category of the dollar, the largest paper denomination during time, has been stopped. The current dollar value of 100 USD.
It is worth noting that the global currency must be covered with its value in gold, to give it sufficient confidence, and the American dollar must be covered by its value of the yellow metal, but in reality no one can actually prove this, as the United States of America refrained for quite some time from replacing The US dollar is equivalent to its value in gold, although the price of gold is sold internationally in US dollars, and the price of gold is determined according to the stock exchange and is evaluated in the US currency.
Factors affecting the dollar price:
– The price of gold: There is an inverse relationship between the price of the dollar and the price of gold. The higher the price of gold, the lower the price of the dollar, and vice versa.
Political developments: Political events greatly affect the dollar, whether it increases or decreases.
The reports and news published by the Federal Reserve “the US Central Bank” greatly affect, and it is an independent organization that sets monetary policies to reach economic development away from inflation risks through major operations such as open market operations, discount rates and interest rates on treasury bonds.
Bank interest rates: It is one of the most important factors affecting the price of the dollar and determining its movements. Reducing it to 1% has led to a continuous decline in the price of the US dollar against other currencies that offer higher interest.
Bonds: The decrease in the price of bonds is considered to increase the demand for it, and thus the annual profits from it increase, and that is the benefit of the US dollar.
– It affects the reports of the Federal Open Market Authority, a body that meets 8 times annually to determine the appropriate level of bank interest.
Stock Market: The rise in stock indices drives the rise in the price of the dollar, as the main indices of the US stock market are: the Dow Jones Industrial Average, the Standard Poor’s Index, and the Nasdaq.
US Treasury: US Treasury reports greatly affect the price of the US dollar.
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