EUR to EGP Exchange Rate Today
Euro to Egyptian Pound conversion for European Egyptian community and travelers. Track live EUR/EGP rates every 30 minutes for remittances, family support, or holidays to Cairo, Alexandria, Red Sea—enjoying exceptional value from strong euro.
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Frequently Asked Questions
What is the Euro to Egyptian Pound exchange rate?
The EUR to EGP rate has experienced significant changes, ranging from 35-70+ EGP per 1 EUR due to Egypt's economic reforms and pound devaluation. Europe has strong Egypt ties—a diaspora community (150,000+) plus millions of European tourists annually. The Central Bank of Egypt moved toward flexible exchange rates. For European Egyptians and travelers, the climbing EUR/EGP rate means more Egyptian pounds per euro—beneficial for remittances and tourism but reflecting Egypt's economic challenges.
How can Egyptians in Europe send money to Egypt?
European Egyptians can use: Remitly (good Egypt coverage), Wise (competitive rates to Egyptian banks), Ria Money Transfer, WorldRemit, Western Union or MoneyGram (everywhere in Egypt); European banks (expensive, avoid); or direct transfers to Commercial International Bank (CIB), National Bank of Egypt, Banque Misr. For communities in France, Italy, Germany, Spain sending to Cairo, Alexandria, or Giza, compare total EGP received—rate differences can be 2-4%. Specialized services save significantly.
Is Egypt expensive for European tourists?
Egypt is incredibly affordable for Europeans now. With €1 EUR buying 35-70 EGP (depending on timing), travelers from Germany, France, Italy, Spain find exceptional value. Budget hotels €10-20/night, meals €2-6, Nile cruises €250-500, site entries €3-10. Even luxury hotels in Cairo or Red Sea resorts cost far less than European equivalents. Your euros go extremely far—Egypt is one of the world's best-value destinations for European tourists. Strong euro makes visits to pyramids, temples remarkably affordable.
Why has the Egyptian pound weakened so much?
EGP weakness (1 EUR ≈ 50-70 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 euro's strength amplifies the gap. For European Egyptians, this means favorable remittance rates but also recognition that families back home face challenging economic conditions requiring support.
When should I send euros to Egypt for best rate?
The EUR/EGP rate has been climbing (euro strengthening), 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), watch: CBE announcements, Egypt's IMF program updates, inflation reports, and Eurozone economic data. For monthly family support from European Egyptian communities, consistent transfers work fine. The trend has strongly favored euro holders.