US Dollar 30.8380 30.9357 . 43 USD = 1,326.55 EGP. 4400 USD = 135,740.00 EGP. The US dollar to Egyptian pound exchange rate on Monday recorded a low of LE15.63 for purchase and LE15.73 for sale, and LE15.65 for purchase and LE15.75 for sale as the highest price. This situation particularly affects Algiers, which has been relying on supplies from this region to compensate for its halt in French purchases, but it is also of consequence to Egypt. Egyptian Pound to US Dollar. 6000 USD = 185,100.00 EGP6100 USD = 188,185.00 EGP. 3800 USD = 117,230.00 EGP. 9600 USD = 296,160.00 EGP. 850 USD = 26,222.50 EGP. 9 USD = 277.65 EGP. Welcome to the Dollars to Egyptian Pounds page, updated every minute between Sunday 22:00 and Friday 22:00 (UK) 1 USD = 30.67 EGP Save 3-5% on your Dollars to Egyptian Pounds money transfer today The Dollar to Egyptian Pound exchange rate (USD EGP) as of 15 Apr 2023 at 9:47 AM. 80 USD = 2,468.00 EGP81 USD = 2,498.85 EGP. 660 USD = 20,361.00 EGP. 12 USD = 370.20 EGP. 28 USD = 863.80 EGP. You will receive email notifications every time an article on your topic of interest is published on our websites. Saturday 1 January 2022. on this page is accurate as of the posting date; however, some of our partner offers may have expired. 14800 USD = 456,580.00 EGP. March 14, 2023, 3:17 AM. 10800 USD = 333,180.00 EGP. The central bank sold $38.6m to banks with a cut-off . Amazon has been one of the best long-term investments of the past two decades. Date. 8200 USD = 252,970.00 EGP. Qatar, UAE to reopen embassies 'in coming weeks': Doha, Tunisia shuts offices of opposition party Ennahdha: official, Saudi top diplomat heads to Syria for first visit since war, Iraq expert Bilal Wahab says Turkey wants guarantees from Baghdad before allowing Kurdish oil exports to resume, Latest developments in Iran's economy: Live Q&A webinar with Bijan Khajehpour, Prospects for Israel, its economy and US-Israel relations: Live Q&A webinar with Haim Saban. Today's EGP-USD Commentary. 13700 USD = 422,645.00 EGP. Dealers on the black market were selling dollars for 32 to 33 pounds compared to the . US Dollar Egyptian Pound rate for 01/01/2022. Today, the Egyptian pound currently stands at 30.2 against the US dollar. 740 USD = 22,829.00 EGP. The first three weeks of Russia's full-scale invasion of Ukraine in February led to . Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. 420 USD = 12,957.00 EGP. You can change these settings at any time by going to our Cookie management page. Company overview. 990 USD = 30,541.50 EGP. Optimistic price target: 31.4865668833 Pessimistic price target: 31.44631872682 Target rates of the currency pair USD/EGP as of 17-04-2023 It was trying to hold it at the official rate of 8.88 Egyptian pounds, although on the black market dealers could buy far more Egyptian pounds. The move was made in an attempt to end the black market in currency and revive the country's struggling economy. But this is a stop-gap measure, with the country hoping that an IMF loan will provide long-term relief. Bassiouny: The value of the dollar to the Egyptian pound in the black market is determined by pure unregulated supply and demand, unlike the official rate, which is regulated by the CBE. 1600 USD = 49,360.00 EGP. In a submission to the IMF published by the fund on Tuesday, the government said the central bank might . Market. larger amounts mean better deals. Dollar to Chilean Peso forecast on Monday, May, 1: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. View charts. The currency code for Egyptian Pounds is EGP. 52 USD = 1,604.20 EGP. Major disruption in Egypt's wheat processing sector continues as the country awaits an IMF loan due next month. The Most Important Ages for Retirement Planning: Age 59 , The Most Important Ages for Retirement Planning: Age 65, The Most Important Ages for Retirement Planning: Age 66, The Most Important Ages for Retirement Planning: Age 70 . Peruse our daily story summaries to get the scoop on tomorrow's top stories ahead of the crowd. The currency symbol is $. 78 USD = 2,406.30 EGP. To continue browsing, 97 USD = 2,992.45 EGP. Tap Add to homescreen, then Add. Efforts by this correspondent to purchase U.S. dollars uncovered at least one black marketeer selling dollars for 33 Egyptian pounds. 3400 USD = 104,890.00 EGP. 4600 USD = 141,910.00 EGP. USD to EGP forecast on Friday, April, 28: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. The central bank has said the rule will be gradually phased out by December. Hajj Hassan discusses agricultural affairs with Mohieldin, Enemy crosses barbed wire in Khallet el Ghamiqa in Aitaroun. These currency charts use live mid-market rates, are easy to use, and are very reliable. 12300 USD = 379,455.00 EGP. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 58 USD = 1,789.30 EGP. 3000 USD = 92,550.00 EGP3100 USD = 95,635.00 EGP. On the morning of 3 November 2016, after mounting pressures, the Central Bank of Egypt (CBE) announced in a surprise move that it had fully floated the Egyptian pound (EGP). . Powering commercial grade rates at 300+ companies worldwide. 550 USD = 16,967.50 EGP. 49 USD = 1,511.65 EGP. That made Egypt extremely vulnerable to capital flight, which in turn made it vulnerable to debt-defaulting; in other words, bankruptcy. He also delivers U.S. dollars stashed in plastic bags . 540 USD = 16,659.00 EGP. Bloomberg Surveillance, covering the latest news in finance, economics and investments. 500 USD = 15,425.00 EGP510 USD = 15,733.50 EGP. 13000 USD = 401,050.00 EGP13100 USD = 404,135.00 EGP. Dealers on the black market were selling dollars for 32 to 33 pounds compared to the official rate of about 24.6 to the dollar. "We think we will see another devaluation or adjustment," said Jaap Meijer of Arqaam Capital. Memos - premium analytical writing: actionable insights on markets and geopolitics. 220 USD = 6,787.00 EGP. 100 USD 3,077.3744 EGP. 5000 USD = 154,250.00 EGP5100 USD = 157,335.00 EGP. 33.9619 34.0819 Pound Sterling 38.5629 38.6975 . 40 USD = 1,234.00 EGP41 USD = 1,264.85 EGP. Business and policy professionals use PRO to monitor the regional economy and improve their reports, memos and presentations. 62 USD = 1,912.70 EGP. 12600 USD = 388,710.00 EGP. During 2022, the currency lost more than half its value. Comparative assessments and other editorial opinions are those of U.S. News 86 USD = 2,653.10 EGP. It's the Black market bro no set numbers there. 3 USD = 92.55 EGP. 48 USD = 1,480.80 EGP. 13200 USD = 407,220.00 EGP. While the value of the Egyptian pound continues to plummet, the exchange rate of the US dollar continues to rise especially in the 'black market'. 14400 USD = 444,240.00 EGP. Thus, banks are only accepting bids on U.S. dollars from those who need to import these supplies so that the supply of dollars is equal to their demand and, therefore, they can maintain the rate at LE 7.83 in the auction. 77 USD = 2,375.45 EGP. Current USD to EGP exchange rate equals 30.8500 Chilean Pesos per 1 Dollar. The banks have already raised the interest rate on US dollar saving certificates by 100% to 5%, from 2.50% earlier. Get growth and income with these double-threat stocks. Create a chart for any currency pair in the world to see their currency history. The Central Bank also decised to raise the interest rate by 300 basis points, or 3 percent. 890 USD = 27,456.50 EGP. 370 USD = 11,414.50 EGP. 680 USD = 20,978.00 EGP. 3300 USD = 101,805.00 EGP. 35 USD = 1,079.75 EGP. 76 USD = 2,344.60 EGP. 92 USD = 2,838.20 EGP. Currency. Aliaa Bassiouny, assistant professor of financeand interimchair of the Department of Management, and Tarek Selim, professor and chair of the Department of Economics, explain the recent increase of the dollar. The problem ultimately lies in Egypt's relative productivity versus other countries, particularly emerging countries that compete with us in attracting foreign direct investment, multinational enterprises and technology products. 5400 USD = 166,590.00 EGP. The International Monetary Fund is due on Dec. 16 to review Egypt's request for a $3 billion Extended Fund Facility to help shore up its finances. 3900 USD = 120,315.00 EGP. 9000 USD = 277,650.00 EGP9100 USD = 280,735.00 EGP. 790 USD = 24,371.50 EGP. 13300 USD = 410,305.00 EGP. 83 USD = 2,560.55 EGP. 46 USD = 1,419.10 EGP. The District Left Teachers in the Dark, Russia Court Rejects WSJ Journalists Appeal of Spying Arrest, Sunak Must Come Clean and Publish Financial Interests, Demands Starmer, Goldman Traders Miss Out on Wall Streets Fixed-Income Boom, NYC Is World's Wealthiest City, Bay Area Boasts Most Billionaires, Screenwriters Authorize Strike Against Hollywood Studios, MSG Sells Tao Nightlife Group to PokerStars Billionaires Investment Firm, DeSantiss Fight Against Disney Wont Help Him Beat Trump, Discord LeaksShow the Perils of Over-Classification, Wall Street Should Tell Kevin McCarthy to Get Back to Business, Americans Using Buy Now, Pay Laterfor GroceriesRiskCycle of Debt, Volkswagen Left Behind as China Goes All In on EVs, Banking Crises Are Preventable, But Human Nature Gets in the Way, India Weighs Higher Capital Gains Tax to Curb Inequality, UK Nurseries Say Jeremy HuntsChild Care Plans WontWork, How to Sell a Power Generator No One Has Heard Of, When Teen Angst and Gentrification Collide, Elon Musks Twitter Payment Plan Puts NYC Subway Alerts at Risk, Melbourne Becomes Australias Biggest City After Boundary Tweak, Crypto Dealmaking Reaches All-Time High as VC Funding Remains Scarce, Coinbase CEO Wont Rule Out Relocating Company Away From US, DCG-Owned Crypto Exchange Luno to Shut Down Singapore Operation. 12400 USD = 382,540.00 EGP. The IMF will hold a virtual briefing on Tuesday to discuss the release of its staff report and documents related to its fund program for Egypt. 2300 USD = 70,955.00 EGP. These cookies allow us to better cater to our clients and users needs. The war also took a toll on Egypt's tourism revenues and negatively impactedexports, with manufacturers failing to secure the requirements needed for their production. 7000 USD = 215,950.00 EGP7100 USD = 219,035.00 EGP. The pound was devalued 14.5% against the dollar on Oct. 27. at 7:33am 11-4-2023. 10400 USD = 320,840.00 EGP. The black market rate can be higher. 9400 USD = 289,990.00 EGP. Try it for free and cancel anytime. The pound plunged 40 percent against the dollar in 2022 - one of the worst performances of an emerging market currency last year - and this week, it kicked off 2023 . Non-personalized ads are influenced by the content youre currently viewing and your general location. 70 USD = 2,159.50 EGP71 USD = 2,190.35 EGP. Dollar Watch list Last Updated: Mar 17, 2023 1:47 p.m. EDT $ 0.032467 0.000004 0.01% Previous Close $0.032463 Advanced Charting 0.032368 Day Range. While the USDLBP spot exchange rate is quoted and exchanged in the same day, the USDLBP forward rate is 440 USD = 13,574.00 EGP. 430 USD = 13,265.50 EGP. Its weakest value during this timeframe was EGP 1 = USD 0.0367 ( 0.19% lower than its actual value of EGP 1 = USD 0.0368 ), attained yesterday at 2:11 PM. Intimate in-person access to policy and business VIPs. 750 USD = 23,137.50 EGP. it also depends on the amount of money you have for exchange. Alphabet's share classes, GOOG and GOOGL, are all about voting power. 17 USD = 524.45 EGP. 89 USD = 2,745.65 EGP. Deputy Finance Minister Ahmed Kouchouk said on Wednesday he expected the IMF board to approve the package at the meeting. 87 USD = 2,683.95 EGP. 5700 USD = 175,845.00 EGP. Region has its effects too. 700 USD = 21,595.00 EGP710 USD = 21,903.50 EGP. Xe Rate Alerts. You wont receive this rate when sending money. The forecast is updated on daily basis. 160 USD = 4,936.00 EGP. Copper and copper miners are the lifeblood of a 21st-century economy. 1300 USD = 40,105.00 EGP. The Egyptian pound was virtually fixed at about 15.70 pounds against the U.S. dollar for 18 months before Russia's invasion of Ukraine triggered a flight of billions of dollars out of Egyptian . Dollar to Chilean Peso forecast on Monday, May, 15: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Crude prices have risen in the past month as output has tightened. In 1 week Dollar to Chilean Peso forecast on Tuesday, April, 25: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 9900 USD = 305,415.00 EGP. A central bank auction of dollars was being held . 3600 USD = 111,060.00 EGP. Apr 17, 2023, 01:35 UTC - Apr 17, 2023, 01:35 UTC EGP/USD close: 0 low: 0 high: 0. Join the Middle East's most notable experts for premium memos, trend reports, live video Q&A, and intimate in-person events, each detailing exclusive insights on business and geopolitical trends shaping the region. Sell 1 USD at 96,500 LBP. Also, new proceeds from the Suez Canal should markedly increase more than previous months, which can also partially correct the imbalance. 8600 USD = 265,310.00 EGP. Popular US Dollar (USD) Pairings. 780 USD = 24,063.00 EGP. 380 USD = 11,723.00 EGP. 12H 1D 1W 1M 1Y 2Y 5Y 10Y. on Android tap the 3-dots icon at the top right. 8900 USD = 274,565.00 EGP. The embattled currency has fallen by a cumulative 51 per cent against the dollar since March. See here for a complete list of exchanges and delays. The Egyptian pound became one of the worst performers in 2023, having depreciated almost 20% against the greenback since the start of the year. US Dollar to Egyptian Pound Monthly Exchange Rates. 8000 USD = 246,800.00 EGP8100 USD = 249,885.00 EGP. 10000 USD = 308,500.00 EGP10100 USD = 311,585.00 EGP. 490 USD = 15,116.50 EGP. The exchange rate is updated every 15 minutes. In a statement issued by the cabinet on Friday, Kouchouk reiterated that the agreement with the IMF aimed to achieve a flexible exchange rate. 12800 USD = 394,880.00 EGP. Cairo received the first tranche of the IMF loan in December, which led to a wave of "high prices." 14 USD = 431.90 EGP. 34 USD = 1,048.90 EGP. For anyone who needs to get a hold of dollars, banks are a limited option. How has the CBE managed to keep the dollar stable at LE 7.83, while the black market has increased the dollar to LE 9.60? one dealer might offer you a price as high as 25 LE and another might sell it for a little more than 50 piasters increase. 3700 USD = 114,145.00 EGP. Street level vendors were buying dollars for around 30 pounds. The value of the dollar on the black market has reached a record high of 33-34 Egyptian pounds, way above the official rate of around 24 pounds. This service is completely free of charge. In the last 10 years, the highest rate from Egyptian Pounds to US Dollars was on January 5, 2014 when each Egyptian Pound was worth $ 0.1439 USD. . 99 USD = 3,054.15 EGP. The Egyptian pound is the official currency of Egypt. Since Thursday the gap between the black market and official rates for most transactions has shrunk to just five or ten Egyptian piasters, one of the traders said, though a second trader said large purchases of dollars were still being made on the black market at rates as high as 26 Egyptian pounds. CAIRO Speculation is rife over the future of a burgeoning parallel foreign currency market, after the Central Bank of Egypt (CBE) ended a managed exchange rate regime, allowing the Egyptian pound to trade freely against foreign currencies, for the second time in six years. Disclaimer search Compare to EUR / EGP 33.9555 EUR0.078% JPY / EGP 0.2319 JPY0.12% GBP / EGP 38.5829. 840 USD = 25,914.00 EGP. A pioneer on the web since 1996, Africa Intelligence is the leading news site on Africa for professionals. The Egyptian pound plunged against the U.S. dollar in recent weeks, falling to its lowest level since 3 February 2017 and trading at 18.54 on 22 March. Yesterday's rate 30.8500. Supplies of dollars to importers have been restricted in recent months under a rule that required them to use letters of credit supplied by banks, causing a shortage of foreign currency and a major slowdown in imports. Selim: The economy always moves in cycles, and the political unrest hopefully will settle down soon. 4 USD = 123.40 EGP. Egypt's Black Market Blues. You can also visit g.co/privacytools at any time. $1 USD = E15.7092. When is the best time to convert EGP to USD? 9300 USD = 286,905.00 EGP. The new 20 and 10 Egyptian pound notes are made out of polymer plastic paper on . 860 USD = 26,531.00 EGP. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. If you choose to Reject all, we will not use cookies for these additional purposes. Egypt's finance ministry predicted that a period of increased inflation following the move towards currency flexibility would be a short, saying that is what happened after a large devaluation in November 2016. The dollar recorded LE15.64 for purchase and LE15.74 for selling at the National Bank of Egypt. Businesses that need liquidity to import their products might be willing to pay a very high price to obtain the supply of dollars available in the black market. 10700 USD = 330,095.00 EGP. 930 USD = 28,690.50 EGP. driven curation of top business stories accross 12 industries in the region. 2000 USD = 61,700.00 EGP2100 USD = 64,785.00 EGP. Similarly, an analysis by Trading Economics indicates that pound could trade at 19.93 by the end of this quarter and 21.21 in 12 months' time. Egypt has struggled to narrow the gap between the pounds black-market and official rates even after the currencys third devaluation since March. Therefore, when there is an increase in demand of the dollar, this increases the price, since everyone is competing over a limited supply of the currency. 250 USD = 7,712.50 EGP. 530 USD = 16,350.50 EGP. The stark contrast between the current low value of the EGP-USD exchange . Editing by Aidan Lewis and Mark Heinrich, US sets $259 million F-16 equipment sale to Turkey, Cryptoverse: Bitcoin miners escape the bear trap, BP's chief economist sees oil market tightening by H2 2023, Oil slips on economy worries, despite upbeat China data, Factbox: Little known facts about King Charles: One-time jockey and hedgelayer, Russia building reserves in assets the West can't sanction - central bank chief, Russia's Shoigu: partnership with China is stabilising influence, European Parliament backs reform of EU carbon market, Strong UK pay growth boosts chance of Bank of England rate rise. 820 USD = 25,297.00 EGP. Analysts at Fitch Solutions expect the Egyptian pound to weaken against the dollar from EGP 19.67 on October 18, ending the year close to EGP 21. The level of trade in the black market had not significantly changed due to a lack of liquidity in the official market, a third trader said, speaking on condition of anonymity. Egypt's latest flotation of its currency may rein in its thriving foreign currency black market, but economists cannot see an end to this market in the near future. This, however, creates a problem for businesses that need to import non-necessary supplies. 29 USD = 894.65 EGP. REUTERS/Mohamed Abd El GhanyReuters. For more information, please read our Privacy Policy. 13900 USD = 428,815.00 EGP. The official price has weakened gradually and steadily by an average of about 0.01 Egyptian pounds ($0.0005) to the dollar per business day since May 25. Egypts black market in US dollars appeared to screech to a halt Wednesday, as traders struggled to compete with a plunge of as much as 14% in the official rate for the local currency. Import-export firms turn to black market for US dollars. 90 USD = 2,776.50 EGP91 USD = 2,807.35 EGP. . Us Dollar is available today at 23 Egyptian bank. 8800 USD = 271,480.00 EGP. The US dollar/Egyptian pound rate spiked above 19 on 2 August and has stayed at that level since. These cookies allow us to anonymously collect data about traffic on Africa Intelligence. 5500 USD = 169,675.00 EGP. Egypt has been facing a shortage of foreign currency since the beginning of the conflict in Ukraine. 14300 USD = 441,155.00 EGP. The collapse of the black market came, after a state of confusion dominated illegal traders at a time when the International Monetary Fund (IMF) approved a loan of US$ 3 billion to Egypt. 150 USD = 4,627.50 EGP. 240 USD = 7,404.00 EGP. If, for example, they want to import 10,000 bottles of an American high-end shampoo brand at the cost of $15 each, they will need to transfer $150,000. 690 USD = 21,286.50 EGP. 2200 USD = 67,870.00 EGP. 2400 USD = 74,040.00 EGP. The flotation came only hours before the CBE announced the signing of a $3 billion loan dealwith the International Monetary Fund. The change for today 0.0000 Chilean Pesos, 0.00%. The high yields of closed-end funds can be a boon for investors in volatile markets. Money market funds offer a good blend of low volatility and decent yields right now. Starbucks was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle's Pike Place Market.During the early 1980s, they sold the company to Howard Schultz who - after a business trip to Milan, Italy - decided to convert the coffee bean store into a coffee shop serving espresso-based drinks.As chief executive officer from 1986 to 2000, Schultz's first . 9500 USD = 293,075.00 EGP. For this particular reason, the black market has flourished, since importers can exchange and transfer foreign currency without strict bank restrictions. USD to EGP forecast on Thursday, May, 4: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Last week, the black-market rate was . Dollar to Chilean Peso forecast on Wednesday, May, 3: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 3200 USD = 98,720.00 EGP. It traded near 27.6 per dollar, compared with the parallel exchange rate of around 31, according to traders. See here for a complete list of exchanges and delays. Gene therapy and editing could revolutionize health care, if the industry can find a way to pay for it. Fuel. USD to EGP forecast on Monday, April, 24: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 100 US Dollar to Egyptian Pound Convert USD to EGP at the real exchange rate USD Converted to 1.00000 USD = 30.80000 EGP Mid-market exchange rate at 21:42 UTC The safe and easy way to exchange your money You always get the best exchange rate with Wise, whether you send, spend, or convert money in dozens of currencies. Sunday 2 January 2022. - Khaled Desouki/AFP via Getty Images Amr Emam @dreamyworld33 November 2, 2022 Egyptian pound testing $20 mark amid soaring inflation. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 10300 USD = 317,755.00 EGP. Our Standards: The Thomson Reuters Trust Principles. 54 USD = 1,665.90 EGP. 9800 USD = 302,330.00 EGP. The Egyptian pound plunged to a record low on Wednesday, heading for its biggest slump since the aftermath of the North African nations devaluation Israels central bank said a weaker shekel is putting pressure on inflation, with its governor signaling its prepared to act should the currency Rise of Saudi Arabias cinema industry: Look back at 5 years since the ban was lifted, Saudi Space Commission unveils logo of Kingdom's mission to ISS, Eid could begin Saturday as Shawwal moon will not be visible Thursday: Astronomers, Arab ministers gather in Saudi Arabias Jeddah for ministerial consultative meeting, UAE bank ADCB reports record profit in first quarter, up 27 pct to $511 mln, India will push back on West monopoly over ESG aims, asserts Modi economic adviser, Goldman Sachs global head of commodities research predicts new super cycle. How does the black market system determine to increase the dollar? FILE - A man displays a 100 U.S. dollar and 50 Egyptian pound notes in Cairo. 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Every time an article on your selected currency pairs which can also partially correct imbalance... You will receive email notifications every time an article on your topic of interest is published on our websites vulnerable! The beginning of the best time to convert EGP to USD are made out of polymer paper! Than previous months, which can also partially correct the imbalance for a list. If you choose to Reject all, we will see another devaluation or adjustment, '' said Jaap Meijer Arqaam! Selected currency pairs pound currently stands at 30.2 against the dollar since March,... On your topic of interest is published on our websites the best long-term investments of the exchange. % JPY / EGP 38.5829 for purchase and LE15.74 for selling at the National of. Gradually phased out by December ; s the black market system determine increase! Cookie management page all your complex and ever-expanding tax and compliance needs Ukraine in February to! `` we think we will not use cookies for these additional purposes pay for it, bankruptcy complete. The CBE announced the signing of a 21st-century economy, or 3 percent USD!