# Uganda, Egypt currencies suffer biggest declines across Africa in October - Businessday NG

> The Ugandan shilling and Egyptian pound were Africa’s weakest performers among 17 tracked currencies in October, depreciating 8.74% and 6.90% against the US dollar, respectively. The Egyptian pound fell from 52.16 per dollar on October 1 to 56.03 on October 31 amid dollar demand, capital outflows and other external and domestic pressures; the central bank raised benchmark rates by 100 basis points.

- Date: 2026-11-06 · published 2026-11-06T15:13:32.012Z
- Category: macro · region Africa · magnitude low
- Page: https://feedsoft.ai/events/84195-uganda-egypt-currencies-suffer-biggest-declines-across-africa-in-october
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

Currency depreciation raises the local-currency cost of imported feed ingredients and other commodities, potentially increasing buyers’ landed costs in Egypt and Uganda. The article does not specify commodity flows or a direct global price effect.

## Read by commodity

- USDEGP: bullish ▲

## Sources

- businessday.ng: https://businessday.ng/africa/article/uganda-egypt-currencies-suffer-biggest-declines-across-africa-in-october/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.