Market Consultation | Egypt FX Rate | February 2024

Solactive is inviting all stakeholders and interested third parties to provide input regarding the Egypt FX rate that is currently being used for Egyptian stocks held in the composition of indices calculated by Solactive.

The detailed descriptions of the consultation can be found in the attached documents.

Stakeholders and third parties who are interested in participating in this Market Consultation are invited to respond until March 16th, 2024; 12:00 (noon) local time in Frankfurt / Germany.

Subject to feedback received on this Market Consultation, Solactive will follow up and announce any changes to our current process with respect to the subject of the consultation.

*Market Update: 8th March 2024*: The Egyptian pound moved significantly against the US dollar this week, after the country hiked interest rates and said it would let its currency float freely. The current market price is 49.45 and the discussed 1-year NDF is priced at 57.25; thus the perceived gap has reduced significantly since the beginning of the market consultation.