The Egyptian central bank kept the pound unchanged from 7.73 against the dollar in Sunday's auction, after allowing it to depreciate twice last month.
The central bank said on its website that it offered $40 million and sold $37.8 million at an ask price of 7.7301, unchanged from the latest auction held last week.
The Egyptian central bank holds three weekly foreign exchange auctions, on Sunday, Tuesday and Thursday, during which the price of the pound against the dollar is determined.
The National Bank of Egypt, a public bank, said dollar-purchase cost 7.78, while the dollar was selling for 7.83 Egyptian pounds, on its website on Sunday.
Meanwhile, Reuters cited three traders as saying that the dollar was trading at rates ranging from 7.86 to 7.88, adding that this was almost unchanged from traders' rates quoted by Reuters last week.
Egypt's central bank allows banks to trade the dollar at 10 piasters higher or lower than the auction price, while exchange shops are given leeway to add a few additional piasters.
Last month, the bank depreciated the Egyptian pound twice, allowing it to dip by 20 piasters, falling from 7.53 to its current price. Central Bank Governor Hisham Ramez said last month that the depreciation was not "concerning".
At the time, two investment bank analysts said the depreciation was an expected measure, given that the pound trades at a higher price than its fair value at a time when Egypt is trying to attract dollar inflows.
On January 18, Egypt allowed the pound to weaken in front of the U.S. dollar for the first time in six months.
It said the step was taken to eliminate the unofficial currency market, known as the black market.
In a second blow to the parallel market, the central bank capped on February 5 the amount of dollars that can be deposited in banks.
