US Dollar to Egyptian Pound Exchange Rate

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= 15.9780

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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
USD 1,000 1 day USD 0.00 15.818 EGP 79,091 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 15.818 EGP 79,091 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
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USD 2,000 1 day USD 0.00 15.818 EGP 79,091 $0 transfer fees with rates at never more than a 2% markup. Go to site Show details
USD 0 1 - 2 days USD 1.99 15.658 EGP 78,261 Special offers like free transfers and better exchange rates available for new customers.
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USD 1 1 - 2 days USD 80.00 15.978 EGP
78,612
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USD 1 Within an hour USD 3.99 15.911 EGP 79,491 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

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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

Jul 04 Jul 05 Jul 06 Jul 07 Jul 08 Jul 09 Jul 10 Jul 11 Jul 12 Jul 13
1 USD = 16.1254 Inverse: 0.0620 16.1228 Inverse: 0.0620 16.0600 Inverse: 0.0623 16.0339 Inverse: 0.0624 16.0206 Inverse: 0.0624 15.9901 Inverse: 0.0625 15.9973 Inverse: 0.0625 15.9973 Inverse: 0.0625 15.9762 Inverse: 0.0626 15.9783 Inverse: 0.0626

US Dollar to the Egyptian Pound for the last 10 months

Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020
1 USD = 16.3425 Inverse: 0.0612 16.2629 Inverse: 0.0615 16.1396 Inverse: 0.0620 16.1196 Inverse: 0.0620 15.9617 Inverse: 0.0626 15.7181 Inverse: 0.0636 15.7026 Inverse: 0.0637 15.7761 Inverse: 0.0634 15.7486 Inverse: 0.0635 16.1862 Inverse: 0.0618

US Dollar to the Egyptian Pound for the last 10 years

Jul 2010 Jul 2011 Jul 2012 Jul 2013 Jul 2014 Jul 2015 Jul 2016 Jul 2017 Jul 2018 Jul 2019
1 USD = 5.6969 Inverse: 0.1755 5.9545 Inverse: 0.1679 6.0564 Inverse: 0.1651 6.9944 Inverse: 0.1430 7.1506 Inverse: 0.1398 7.8315 Inverse: 0.1277 8.8788 Inverse: 0.1126 17.9630 Inverse: 0.0557 17.8668 Inverse: 0.0560 16.5935 Inverse: 0.0603

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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