Foreign Exchange Guide to Egypt
The domestic currency in Egypt is the Egyptian pound with currency code EGP. Read this foreign exchange guide to Egypt and the Egyptian pound with money transfer and travel tips plus Egyptian pound exchange cross rates.
In this guide we review :
- Egyptian pound info - general info about the Egyptian pound
- Egyptian pound in the markets - recent EGP moves and predictions from the FX markets
- Travelling in Egypt - currency & money saving tips
- Buying Egyptian pound cash online - travel money for Egypt
- Sending money to Egypt - save on Egyptian pound bank transfers to Egypt
- Egyptian pound exchange rates - latest & historic exchange rates.
Egyptian pound (EGP) general currency information
What is the Egyptian pound currency code and symbol?
The three letter currency code for the Egyptian pound is EGP and the symbol is £.
Which countries use the Egyptian pound?
It is the domestic currency in Egypt.
Egyptian pound (EGP) in the markets
The interactive chart below shows the EGP to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.
Travel, Currency and Money saving tips for Egypt
Arabic is the official language. Most people, though, also understand English. It is easy to get by with English, but it is recommended to learn a few Arabic words. It acts as an ice-breaker & does elicit a smile from most Egyptians. You can carry very little cash. It is sufficient to carry some Dollars/ Euros / Pounds to use at the airports during your flight to Egypt. Keep some more of these currencies as an emergency, to use when ATMs are not working. Do not drink water from anywhere. Stick to bottled water. Do not eat raw food, be careful where you eat salads or drink fresh juice & as a rule, eat food that’s piping hot.
In Egypt, most of the banks are open from Sunday to Thursday; working hours being 0830 to 1400, though banks at the airports and the major entry ports are open 24 hours daily. Most of the major credit/debit cards, such as American Express, MasterCard, Visa, all Euro cards and JCB, are widely accepted in various hotels and shops. If you want to use an ATM machine, they mostly accept Visa, MasterCard and Cirrus cards. If you can't find an ATM machine in your vicinity, you can still obtain cash if you go to any of the Misr Bank branches.
Travelling across Egypt can be tricky without proper planning. Distances by road are long & it is important to choose the right mode of transport to get to a place, if you want to avoid tiring out. All flights are mostly on time & your luggage reaches you, more often than not. At the airports, make sure you are alert…..flight boarding announcements are poor and often announced by the ground staff, without any public announcement system. Pick up a local SIM card for your mobile as soon as you reach Egypt…..it helps to make calls to your hotel / guide, as there are no coin operated public phones available.
In places along the Nile, you have plenty of options to travel back & forth from the east to west banks……feluccas, motorboats, the public ferry (baladi). Haggle hard for felucca & motor-boat prices. On road, you can use taxis or a Caleche (horse carriage). Both require haggling for prices. Obviously, locals pay considerably less than you do. Ask for what you feel is a fare price. If it does not work for them, they will refuse. You can always try the next cab. You can ask your hotel staff before leaving each morning, for approximate costs between some places......bargain based on that.
Egypt Trip Checklist
- Compare EGP travel cash rates - probably why you are here!
- Search Hotel deals - Save on your accomodation in Egypt
- Lonely Planet - world's best travel guide (coupon and deals)
Travel money for Egypt
Save money and time by Ordering your Egyptian pound online from Travelex, you get better rates and can pick up the EGP cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Egyptian pound otherwise you may get much worst exchange rates.
Travel Money for Egypt
Sending money to Egypt
When searching around for information on how to get a good exchange rate when sending money to Egypt you need to start with finding out the latest Egyptian pound foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
Getting a better deal when sending money to Egypt
When sending money to Egypt it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Egyptian pound amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted EGP amount will be transfered to the recipient account you specify in Egypt.
Use our Send to EGP calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Egyptian pound deposited into the recipient bank account and less margins and fees kept by the banks!