CAD to EGP Exchange Rate Today
Canadian Dollar to Egyptian Pound conversion for Canada's 75,000+ Egyptian community. Track live CAD/EGP rates every 30 minutes for remittances from Toronto, Montreal, Ottawa to Cairo, Alexandria—enjoying favorable rates from Canadian dollar strength.
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Frequently Asked Questions
What is the Canadian Dollar to Egyptian Pound exchange rate?
The CAD to EGP rate has experienced significant changes, ranging from 23-33 EGP per 1 CAD due to Egypt's economic reforms and pound devaluation. Canada has an Egyptian community (75,000+), particularly in Toronto, Montreal, and Ottawa, making CAD/EGP an important Canadian remittance corridor. The Central Bank of Egypt moved toward flexible exchange rates. For Egyptian-Canadians, the climbing CAD/EGP rate means more Egyptian pounds per dollar—beneficial for remittances but reflecting Egypt's economic challenges. Our converter updates every 30 minutes.
How can Egyptians in Canada send money to Egypt?
Egyptian-Canadians can use: Remitly (good Egypt coverage), Wise (competitive rates to Egyptian banks), XE Money Transfer, WorldRemit, Western Union or MoneyGram (everywhere in Egypt); Canadian banks (RBC, TD, Scotiabank expensive, avoid); or direct transfers to Commercial International Bank (CIB), National Bank of Egypt, Banque Misr. For communities in Toronto, Montreal, Ottawa, Mississauga sending to Cairo, Alexandria, or Giza, compare total EGP received—rate differences can be 2-4%. Specialized services save significantly.
Why has the Egyptian pound weakened against the Canadian dollar?
EGP weakness (1 CAD ≈ 26-33 EGP) stems from: Egypt's economic challenges and high inflation (20-30%+), large import bill vs declining exports, CBE shifting to flexible exchange (2022-2023), tourism disruptions, Suez Canal revenue volatility, and IMF loan conditions. The Canadian dollar's commodity-backed strength amplifies the gap. For Egyptian-Canadians, this means favorable remittance rates but also recognition that families back home face challenging economic conditions requiring support.
Do Canadian banks give good exchange rates for Egyptian pounds?
No. Canadian banks charge 3-4% above mid-market plus $20-45 fees—expensive for regular remittances. RBC, TD, Scotiabank, BMO, and CIBC all offer poor CAD to EGP rates. Specialized Egypt-Canada services are far better: Remitly charges 1-3%, Wise ~0.5-1%, XE 1-2%. For the 75,000+ Egyptian-Canadian community (professionals, students, Coptic Christian community), specialized services save 50-70% versus banks. Most send monthly family support, so savings compound significantly over time.
When should I send Canadian dollars to Egypt for best rate?
The CAD/EGP rate has been climbing (pound weakening), so timing matters less for routine transfers—you'll get many pounds either way. For large transfers (property in Cairo/Alex, family medical expenses, investments, supporting family), watch: CBE announcements, Egypt's IMF program updates, inflation reports, and Bank of Canada data. For monthly family support from Egyptian-Canadian communities in Toronto, Montreal, Ottawa, consistent transfers work fine. The trend has favored Canadian dollar holders.