The Central Bank of Egypt said Tuesday that the Egyptian pound was trading at 6.20 per U.S. dollar compared to 6.00 during the first half of the year.

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As part of the school's summer program, Khan spent a month in Egypt and two weeks in Dubai, where he attended meetings with corporate and government officials, including Farouk al-Okdah, a Wharton alumnus and governor of the Central Bank of Egypt.

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It marked a cumulative loss of nearly 4 percent this week, after Egypt's central bank took steps in what bankers believe is an attempt to control the devaluation of the currency.

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