USD to EGP Exchange Rate Today
US Dollar to Egyptian Pound conversion for Egyptian-American community. Track live USD/EGP rates every 30 minutes for remittances, family support, or property investments in Cairo, Alexandria, and across Egypt—benefiting from favorable exchange rates.
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Frequently Asked Questions
What is the US Dollar to Egyptian Pound exchange rate?
The USD to EGP rate has experienced significant changes, ranging from 30-50+ EGP per USD in recent years due to Egypt's economic reforms and currency devaluation. The Central Bank of Egypt (CBE) moved toward a more flexible exchange rate after years of controls. For the 250,000+ Egyptian-American community, these shifts mean more pounds per dollar—beneficial for remittances but reflecting Egypt's inflation challenges. Our converter updates every 30 minutes with current mid-market rates.
How can Egyptians in America send money to Egypt?
Egyptian-Americans have multiple remittance options: specialized services like Remitly (good coverage for Egypt, bank/cash pickup), Wise (competitive rates to Egyptian banks), Ria Money Transfer (extensive agent network), Western Union or MoneyGram (everywhere in Egypt but higher fees); direct bank transfers to Commercial International Bank (CIB), National Bank of Egypt, or Banque Misr. For Cairo, Alexandria, Giza, or Upper Egypt, compare total EGP received—rate differences can be 2-5%.
Why has the Egyptian pound weakened against the dollar?
EGP weakness stems from: Egypt's structural economic challenges and high inflation (20-30%+), large import bill vs declining exports creating forex shortages, CBE shifting from pegged to flexible exchange rate (2022-2023), tourism disruptions, Suez Canal revenue fluctuations, and IMF loan conditions requiring currency flexibility. For diaspora, this means higher USD/EGP rates (more pounds per dollar) but also reflects challenging economic conditions back home.
Is Egypt expensive for American tourists?
Egypt is very affordable for Americans now. With $1 USD buying 30-50 EGP (depending on timing), US tourists find exceptional value. Budget hotels $15-30/night, meals $3-10, Nile cruises $400-800, ancient site entries $5-15. Even luxury hotels in Cairo or resorts in Hurghada/Sharm el-Sheikh cost far less than comparable Western destinations. Your dollars go extremely far, making Egypt one of the best-value destinations for Americans.
When should I send dollars to Egypt for best rate?
The USD/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 purchase, family medical expenses, business investment), watch CBE announcements, Egypt's IMF program updates, and inflation reports. For monthly family support to relatives in Cairo, Giza, Alexandria, or rural areas, consistent transfers work fine. The trend has favored dollar holders.