EGP / USD · Daily reference rate
Egyptian Pound to US Dollar
Convert EGP to USD with the latest daily reference rate and a year of history. Rates are for information only and are not what a bank or transfer service will give you.
History
EGP to USD rate over time
Over the past year, EGP to USD moved -13.27% (0.02103 to 0.01824). Range 0.01824 to 0.02137.
Compare
EGP against major currencies
| Pair | Rate | 30 days | 1 year |
|---|---|---|---|
| +13 EGP / USD US Dollar | 0.01824 | -6.00% | -13.27% |
| EGP / EUR Euro | 0.01624 | -4.24% | -10.32% |
| +1 EGP / GBP Pound Sterling | 0.01362 | -6.44% | -13.48% |
| EGP / JPY Yen | 2.8684 | -6.24% | -10.41% |
| +4 EGP / AUD Australian Dollar | 0.02601 | -4.92% | -19.67% |
| EGP / CAD Canadian Dollar | 0.02558 | -6.23% | -13.11% |
| EGP / CHF Swiss Franc | 0.01499 | -5.95% | -10.48% |
| EGP / CNY Yuan Renminbi | 0.1216 | -6.42% | -18.71% |
| EGP / SGD Singapore Dollar | 0.02329 | -5.95% | -14.72% |
| EGP / HKD Hong Kong Dollar | 0.1431 | -6.02% | -12.49% |
The money behind the rate
About these currencies
Egyptian Pound (EGP)
- ISO 4217
- EGP · 818
- Symbol
- E£
- Minor units
- 2
- Used in
- Egypt
The Egyptian Pound is issued by the Central Bank of Egypt.
- 1962Egypt adopts an IMF-supported stabilisation programme in May, unifying the exchange rate and moving it from 35.2 to 43.5 piastres per US dollar.
- 2016The Central Bank of Egypt floats the pound on 3 November, and the rate moves from about 8.85 to about 14.65 per US dollar on the day.
- 2024On 6 March the Central Bank of Egypt announces that the exchange rate will be determined by market forces, and the official rate moves from about 30.9 to around 50 per US dollar.
Sources
- Hansen and Nashashibi: The devaluation of 1962 (NBER)
- Atlantic Council: floating the Egyptian pound, finally (secondary)
- IMF press release 24/69, 6 March 2024
- Egyptian Streets: Egypt devalues currency, introduces flexible exchange rate (secondary)
- Malay Mail, Reuters-based: Egypt pound loses over a third of value (secondary)
+13 US Dollar (USD)
- ISO 4217
- USD · 840
- Symbol
- $
- Minor units
- 2
- Used in
- United States, Ecuador, El Salvador, Timor-Leste, Puerto Rico, Guam, Marshall Islands, Micronesia, Palau, Panama, British Virgin Islands, Turks and Caicos Islands, and others
The US Dollar is issued by the Federal Reserve.
- 1792The Coinage Act establishes the US Mint and sets the dollar as the unit of US money.
- 1913The Federal Reserve Act, signed on 23 December, creates the Federal Reserve System, which issues Federal Reserve Notes.
- 1944The Bretton Woods conference sets up fixed exchange rates, with currencies pegged to the US dollar, which is convertible to gold at $35 an ounce.
- 1971The US ends the dollar’s convertibility into gold for foreign governments on 15 August.
Sources
- Statutes at Large, vol. 1, p. 246: An Act establishing a Mint (1792)
- Wikipedia: Coinage Act of 1792 (secondary)
- Federal Reserve History: Federal Reserve Act signed into law
- Federal Reserve Board: structure of the Federal Reserve System
- Federal Reserve Board: currency
- US Department of State, Office of the Historian: Bretton Woods
- Federal Reserve History: gold convertibility ends
Good to know
Questions
Is this the rate I would get at a bank?
No. These are daily reference rates, close to the mid-market rate. Banks and transfer services add a margin and fees, so the amount you receive is usually lower.
How often is the rate updated?
Once a day. The latest figure here is dated 23 Oct 2026 and is not real time.
Where does the data come from?
Frankfurter, an open service that publishes daily reference rates. Confirm with your bank or provider before you transact.