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US dollar to Egyptian pound exchange rate

Find the best USD/EGP exchange rate for 06 Mar 2021.

Live Rate

= 15.6973

Refreshing in: 60s | Sat, Mar 06, 05:31AM GMT

  • Cheap transfers
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Looking for the best exchange rate?

There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. What’s best for you might not be best for someone else.

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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.

Send money from USD to EGP

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day USD 0.00 15.54 EGP 77,701 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
USD 1 Same day USD 0.00 15.627 EGP 78,133 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 15.383 EGP 76,886 Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
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$1 1 - 2 days USD 80.00 15.697 EGP
77,230
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
$1 Within an hour USD 3.99 15.631 EGP 78,094 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details

Compare up to 4 providers

Best ways to send money to Egypt

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

Feb 24 Feb 25 Feb 26 Feb 27 Feb 28 Mar 01 Mar 02 Mar 03 Mar 04 Mar 05
1 USD = 15.6791 Inverse: 0.0638 15.7037 Inverse: 0.0637 15.7048 Inverse: 0.0637 15.7048 Inverse: 0.0637 15.6823 Inverse: 0.0638 15.7303 Inverse: 0.0636 15.6807 Inverse: 0.0638 15.6754 Inverse: 0.0638 15.6934 Inverse: 0.0637 15.6973 Inverse: 0.0637

US Dollar to the Egyptian Pound for the last 10 months

May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021
1 USD = 15.7463 Inverse: 0.0635 16.2423 Inverse: 0.0616 16.1228 Inverse: 0.0620 15.9972 Inverse: 0.0625 15.8118 Inverse: 0.0632 15.7162 Inverse: 0.0636 15.6893 Inverse: 0.0637 15.6850 Inverse: 0.0638 15.7017 Inverse: 0.0637 15.6839 Inverse: 0.0638

US Dollar to the Egyptian Pound for the last 10 years

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 USD = 5.9042 Inverse: 0.1694 6.0321 Inverse: 0.1658 6.7500 Inverse: 0.1481 6.9607 Inverse: 0.1437 7.6226 Inverse: 0.1312 7.8312 Inverse: 0.1277 16.1495 Inverse: 0.0619 17.6195 Inverse: 0.0568 17.4575 Inverse: 0.0573 15.6517 Inverse: 0.0639

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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