Loading...

Home pages - full list (A-Z)

USD to EGP - Rate Guide

United States Dollar to Egyptian Pound exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

USD/EGP update & alerts

1 USD = 16.18 EGP

ALERT: 90-DAY LOW |
At 16.2 USD/EGP is trading well below its 90 day average 16.44 with period range 16.2 to 16.62. ALERT: USD/EGP has dropped to a 90-DAY LOW. Updated: 08:15-AEDT 22:15-BST 17:15-EDT
USD/EGP - 90 Day Trend

More Charts

USD/EGP Exchange Rates and Providers Compared

This guide to the United States Dollar to Egyptian Pound exchange rate with 90-day chart & alerts, historic rates, forecasts and USD to EGP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our USD/EGP Quick Calculator.

USD and EGP in the Markets

When determining the best time to make a foreign exchange transaction, in this case the USD vs EGP, you should pay attention to the recent market trends for both currencies.

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD Forecasts.

 

Egyptian Pound (EGP)

No recent Egyptian Pound market updates.

Why can't I just get the USD/EGP market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the USD / EGP was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all USD Exchange Rates