US Dollar to Egyptian Pound Exchange Rate

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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.

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$1 Same day USD 0.00 15.651 EGP 78,253 XE offers fast transfers with no fees and a range of foreign currency tools. Go to site Show details
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$1 1 - 2 days USD 80.00 15.721 EGP
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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 15 Oct 16 Oct 17 Oct 18 Oct 19 Oct 20 Oct 21 Oct 22 Oct 23 Oct 24
1 USD = 15.6997 Inverse: 0.0637 15.7064 Inverse: 0.0637 15.7064 Inverse: 0.0637 15.7062 Inverse: 0.0637 15.7025 Inverse: 0.0637 15.6984 Inverse: 0.0637 15.7032 Inverse: 0.0637 15.7092 Inverse: 0.0637 15.7083 Inverse: 0.0637 15.7083 Inverse: 0.0637

US Dollar to the Egyptian Pound for the last 10 months

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 USD = 16.0368 Inverse: 0.0624 15.7999 Inverse: 0.0633 15.5615 Inverse: 0.0643 15.7444 Inverse: 0.0635 15.7881 Inverse: 0.0633 15.8497 Inverse: 0.0631 16.1633 Inverse: 0.0619 15.9950 Inverse: 0.0625 15.9330 Inverse: 0.0628 15.7334 Inverse: 0.0636

US Dollar to the Egyptian Pound for the last 10 years

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 5.7749 Inverse: 0.1732 5.9712 Inverse: 0.1675 6.1024 Inverse: 0.1639 6.8897 Inverse: 0.1451 7.1500 Inverse: 0.1399 8.0273 Inverse: 0.1246 8.8741 Inverse: 0.1127 17.6540 Inverse: 0.0566 17.9040 Inverse: 0.0559 16.1500 Inverse: 0.0619

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

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