US Dollar to Egyptian Pound Exchange Rate

Live Rate

= 16.2579

Refreshing in: 60s | Sat, Oct 19, 07:22AM GMT

  • Cheap transfers
  • Bank-beating exchange rates
  • Safe and reliable
TransferWise

Our pick: TransferWise

When you need to send money, benefit from competitive mid-market exchange rates and straightforward fees with TransferWise.

  • Fair service fees and mid-market rates — a major market differentiator.
  • Next-day delivery to your loved ones and businesses.
  • Trusted the world over, with five-star ratings on Trustpilot.

    How can I get the best exchange rate between US dollar and the Egyptian pound?

    The Egyptian pound trades freely with other major currencies, meaning the rate fluctuates from day to day and hour to hour.

    It’s always a good idea to check the real mid-market rate of a currency before you choose a money changing service. You can find the mid-market rate here on finder.com and once you know this rate, you can compare the different service providers. These service providers almost always operate with a buy rate and a sell rate, so you want to make sure both of those rates are as close to the mid-market rate as possible.

    If you are sending money to friends or family in Egypt, online money transfer services often offers the best exchange rates. International bank transfers are also safe and reliable, but most of the time they don’t give you the best exchange rate. Lastly, if your friends or family in Egypt requires cash pickup, services like Western Union may be your best choice.

    If you are travelling to Egypt, bringing an international debit card and withdrawing cash once in Egypt may give you the best rate. Fees on overseas card use and ATM withdrawals vary by card and bank though, so be sure to check the terms with your own bank first.

    US Dollar

    The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
    Currency:US Dollar
    Currency Symbol:$
    Sub unit:cents
    Bank notes:$1, $5, $10, $20, $50, $100
    Coins:1c, 5c, 10c, 25c, 50c

    Egyptian Pound

    The Egyptian pound is the official currency of Egypt. It replaced the Egyptian piastre in 1836, which had been used since the Ottoman Empire. In the early 1930s, the Egyptian pound was the first currency to employ a watermark to thwart possible counterfeiting.
    Currency:Egyptian Pound
    Currency Symbol:E£ , ج.م
    Sub unit:piastre, millime
    Bank notes:25pt, 50pt, £1, £5, £10, £20, £50, £100, £200
    Coins:25pt, 50pt, £1

    What affects exchange rates between the US dollar and the Egyptian pound?

    Since the Egyptian pound is now a free floating currency, the exchange rate is subject to the forces of supply and demand. Higher demand for Egyptian pounds means the exchange rate to other currencies will be higher. Similarly, lower demand for the Egyptian pound means you can buy your pounds for less dollars.

    Egypt has experienced a long period of time with political and economic uncertainty, which adds pressure on the exchange rate. Political turmoil in Egypt means that you can get more pounds for your dollars, which is a good thing if you are traveling or sending money to Egypt. However, for anyone living in Egypt it may not be so good since their buying power overseas is reduced.

    Send money from USD to EGP

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 1 1 - 2 days USD 80.00 16.258 EGP
    79,989
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    USD 1 Within an hour USD 3.99 16.19 EGP 80,884 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
    USD 1,000 1 day USD 0.00 16.095 EGP 80,477 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details

    Compare up to 4 providers


    How does the Egyptian pound trade against the US dollar historically?

    Until 1914, the Egyptian pound was on a gold standard with one pound equal to 7.4 grams of gold. Later, the Egyptian pound became pegged to the British pound at a rate of 0.975 Egyptian pound to one British pound.

    The peg with the British pound remained until 1962, when Egypt chose to instead peg its currency to the US dollar at a rate of one Egyptian pound to $2.55 USD. The US dollar peg remained in place until 1989, when the Egyptian pound was allowed to float, although only within a very narrow range, under a “managed float regime.”

    In 2016, the Egyptian pound was finally allowed to float freely without any central bank intervention. All restrictions on foreign currency exchange were also lifted that year, resulting in a sharp drop in the exchange rate against both the US dollar and most other currencies.

    US Dollar to the Egyptian Pound for the last 10 days

    Oct 09 Oct 10 Oct 11 Oct 12 Oct 13 Oct 14 Oct 15 Oct 16 Oct 17 Oct 18
    1 USD = 16.3041 Inverse: 0.0613 16.2770 Inverse: 0.0614 16.2915 Inverse: 0.0614 16.2918 Inverse: 0.0614 16.3021 Inverse: 0.0613 16.2629 Inverse: 0.0615 16.2406 Inverse: 0.0616 16.2301 Inverse: 0.0616 16.2291 Inverse: 0.0616 16.2579 Inverse: 0.0615

    US Dollar to the Egyptian Pound for the last 10 months

    Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019
    1 USD = 17.9090 Inverse: 0.0558 17.8870 Inverse: 0.0559 17.5395 Inverse: 0.0570 17.2550 Inverse: 0.0580 17.1890 Inverse: 0.0582 16.9415 Inverse: 0.0590 16.6550 Inverse: 0.0600 16.6205 Inverse: 0.0602 16.4765 Inverse: 0.0607 16.3035 Inverse: 0.0613

    US Dollar to the Egyptian Pound for the last 10 years

    Oct 2009 Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018
    1 USD = 5.4773 Inverse: 0.1826 5.7468 Inverse: 0.1740 5.9765 Inverse: 0.1673 6.1039 Inverse: 0.1638 6.8910 Inverse: 0.1451 7.1506 Inverse: 0.1398 7.9326 Inverse: 0.1261 8.8843 Inverse: 0.1126 17.6285 Inverse: 0.0567 17.9090 Inverse: 0.0558

    Market rate for common transfer amounts USD to EGP

    US Dollars (USD) Egyptian Pound (EGP)
    $1 0
    $100 0
    $500 0
    $1000 0
    $1500 0
    $2500 0
    $5000 0

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
    Go to site