Currency. 150 USD = 4,627.50 EGP. 2700 USD = 83,295.00 EGP. If you choose to Reject all, we will not use cookies for these additional purposes. Prioritize your target industries for weekly review: We also offer team plans. 480 USD = 14,808.00 EGP. quoted today but for delivery and payment on a specific future date. The embattled currency has fallen by a cumulative 51 per cent against the dollar since March. 630 USD = 19,435.50 EGP. 500 USD = 15,425.00 EGP510 USD = 15,733.50 EGP. When is the best time to convert EGP to USD? 770 USD = 23,754.50 EGP. 49 USD = 1,511.65 EGP. Egypt has been facing a shortage of foreign currency since the beginning of the conflict in Ukraine. 6000 USD = 185,100.00 EGP6100 USD = 188,185.00 EGP. On 1 April, the currency traded at EGP 18.28 per USD, which marked a 14.1% depreciation from the same day a month prior. As the yawning gap between the official and parallel market rates for Egypts pound dwindled by early afternoon in Cairo, a number of traders said they were pausing operations and waiting until the end of the day to assess the situation. Track outages and protect against spam, fraud, and abuse, Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services, Deliver and measure the effectiveness of ads, Show personalized content, depending on your settings, Show personalized ads, depending on your settings. Our Standards: The Thomson Reuters Trust Principles. 4500 USD = 138,825.00 EGP. 920 USD = 28,382.00 EGP. 72 USD = 2,221.20 EGP. The Egyptian currency slid to a new record but remains far stronger than rates quoted in the black market, underscoring the risk of further depreciation as the North African nation grapples with a foreign-exchange crunch. Bucking the strength of its peers in emerging markets, the pound extended last weeks devaluation of 9 percent and fell 1.6 percent as of 4:22 p.m. in Cairo on Monday. He also delivers U.S. dollars stashed in plastic bags . 47 USD = 1,449.95 EGP. 650 USD = 20,052.50 EGP. Exchange Rates in banque misr. 2000 USD = 61,700.00 EGP2100 USD = 64,785.00 EGP. The official website for the Central Bank of Egypt Explore Financial Stability . 340 USD = 10,489.00 EGP. 38 USD = 1,172.30 EGP. The foreign currency black market thrived across Egypt over the past months, with local banks failing to securethe US dollars needed for import operations. The Egyptian pound and US dollar banknotes are seen in this photo taken on Aug. 25, 2022. Egypt's foreign cash reserves hit $40.909 billion by the end of . The Moscow-Kyiv crisis is leading to a drastic reduction in the volume of grain shipped from Black Sea ports. Current USD to EGP exchange rate equals 30.8500 Chilean Pesos per 1 Dollar. 13400 USD = 413,390.00 EGP. 78 USD = 2,406.30 EGP. 11200 USD = 345,520.00 EGP. 940 USD = 28,999.00 EGP. articles a month for anyone to read, even non-subscribers! We will not use your address for advertising or commercial purposes. entities, such as banks, credit card issuers or travel companies. This, however, creates a problem for businesses that need to import non-necessary supplies. larger amounts mean better deals. It also hopes that the same measure will eradicate the foreign currency black market, especially when US dollar hoarders exchange their greenbacks and invest in the national currency. Here's what the experts recommend. Egypt's pound is plummeting. 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. 59 USD = 1,820.15 EGP. 170 USD = 5,244.50 EGP. "The increase of the dollar's exchange rate against the local currency caused stagnation in the sales and made the clients reluctant to conclude any deal," he added. Do you want a free trial before subscribing? 2900 USD = 89,465.00 EGP. 8600 USD = 265,310.00 EGP. Sayrafa. 57 USD = 1,758.45 EGP. 750 USD = 23,137.50 EGP. For the latest headlines, follow our Google News channel online or via the app. 290 USD = 8,946.50 EGP. 3200 USD = 98,720.00 EGP. USD to EGP forecast on Monday, April, 24: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 850 USD = 26,222.50 EGP. List of analytics cookies: Google Analytics. 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 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 . 12 USD = 370.20 EGP. Only a handful of major players are managing to get supplies, while many smaller flour mills may not survive. This service is completely free of charge. 74 USD = 2,282.90 EGP. You can modify or delete your notifications or summaries in your account. You can also visit g.co/privacytools at any time. 360 USD = 11,106.00 EGP. 33.9619 34.0819 Pound Sterling 38.5629 38.6975 . Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 720 USD = 22,212.00 EGP. This is a reason for the hike in black market activity. 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. 4900 USD = 151,165.00 EGP. 190 USD = 5,861.50 EGP. Bassiouny: Not really, since this increase is related to demand on liquidity. 55 USD = 1,696.75 EGP. The Egyptian pound weakened to a shocking rate of 13 against the U.S. dollar on the black market on Tuesday, at least 42 percent weaker than the Central Bank's official rate of 8.78. 570 USD = 17,584.50 EGP. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Read our free content to get a better idea of our editorial identity. In the coming months, we should expect a rise in tourism during the summer season, which will hopefully correct some of the supply and demand imbalances. 30.75 EGP. It traded near 27.6 per dollar, compared with the parallel exchange rate of around 31, according to traders. 300 USD = 9,255.00 EGP310 USD = 9,563.50 EGP. The first three weeks of Russia's full-scale invasion of Ukraine in February led to . 6 USD = 185.10 EGP. These currency charts use live mid-market rates, are easy to use, and are very reliable. 660 USD = 20,361.00 EGP. Three ways to create your email notifications: Do not hesitate to create your own notifications according to your interests : better criteria narrows down the results. Intimate in-person access to policy and business VIPs. 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'. 5600 USD = 172,760.00 EGP. by the website. For now, Egypts latest policy moves may have also failed to restore confidence in the currency, a key ingredient to close the loop between deteriorating FX and inflation expectations, the Goldman analysts said. 180 USD = 5,553.00 EGP. Egypt's 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. 5300 USD = 163,505.00 EGP. We use the mid-market rate for our Converter. 5000 USD = 154,250.00 EGP5100 USD = 157,335.00 EGP. The current EGP-USD interbank rate is now near its minimal level of the past two weeks. As the country braces for a new devaluation of the pound, the dollar has reached new heights on the black market. See here for a complete list of exchanges and delays. 39 USD = 1,203.15 EGP. The Egyptian pound, or gineih, is the currency of Egypt. Create a chart for any currency pair in the world to see their currency history. USD EGP. 25 USD 769.3436 EGP. Region has its effects too. Historically, Egypt witnessed periods of severe shortage of foreign currencies, most notably in 1947 after its exit from the sterling area, and following the tripartite aggression against Egypt in 1956 and the freezing of foreign currency balances for Egypt abroad, and the need to finance its industrial and . Egypt's government has launched an initiative to reduce the diplomatic corps' budget. 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). 730 USD = 22,520.50 EGP. List of marketing cookies: Twitter pixel. 14800 USD = 456,580.00 EGP. it also depends on the amount of money you have for exchange. 10400 USD = 320,840.00 EGP. A foreign exchange shortage in Egypt is badly affecting companies engaged in foreign trade. Powering commercial grade rates at 300+ companies worldwide. 46 USD = 1,419.10 EGP. In a challenging market, it helps to ignore day-to-day volatility. The pound was devalued 14.5% against the dollar on Oct. 27. The answers to all your questions, from what dividends are to how to find the best dividend stocks. Fixed-income investors hunting for tax efficiency may find these funds highly useful. This month, the Egyptian pound fell to its lowest rate against the U.S. dollar in the black market, with the dollar increasing to LE 9.60 The increase of the dollar comes as a result of attempts by the Central Bank of Egypt (CBE) to regulate the exchange rate at LE 7.83 in order to avoid larger swings in the value of the currency. 80 USD = 2,468.00 EGP81 USD = 2,498.85 EGP. Egypt says it will use this money to buy its needs from the international market and refueling its economic development plans. 6200 USD = 191,270.00 EGP. 2600 USD = 80,210.00 EGP. People will continue to resort to the black market. Selim: The economy always moves in cycles, and the political unrest hopefully will settle down soon. 3000 USD = 92,550.00 EGP3100 USD = 95,635.00 EGP. 1 USD to EGP - Convert US Dollars to Egyptian Pounds Xe Currency Converter Convert Send Charts Alerts Amount 1.00$ From USD - US Dollar To EGP - Egyptian Pound 1.00 US Dollar = 30.90 5776 Egyptian Pounds 1 EGP = 0.0323564 USD We use the mid-market rate for our Converter. 4800 USD = 148,080.00 EGP. 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. Alphabet's share classes, GOOG and GOOGL, are all about voting power. 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. 92 USD = 2,838.20 EGP. BEIRUT -- Lebanon's embattled currency hit a new low Tuesday, trading at an unprecedented 100,000 Lebanese pounds to the dollar on the black market as the crisis-hit . In addition to exchanging currency, importers also need to deposit the money into their dollar bank accounts. The industry leader for online information for tax, accounting and finance professionals. 370 USD = 11,414.50 EGP. 2200 USD = 67,870.00 EGP. It traded near 27.6 per dollar, compared with the parallel exchange rate of around 31, according to traders. 14600 USD = 450,410.00 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. (0.02) 1 month ago. 34 USD = 1,048.90 EGP. 40 USD = 1,234.00 EGP41 USD = 1,264.85 EGP. Since early November, the central bank has been allowing the official rate to weaken incrementally by an average of about 0.01 pounds per day. While the USDLBP spot exchange rate is quoted and exchanged in the same day, the USDLBP forward rate is Self-driving car tech is still in its relative infancy, and these stocks are plays on the industry's future. FILE PHOTO: An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. We look at the craftsmanship of high end products from African American-owned companies and Black creators. 9400 USD = 289,990.00 EGP. USD to EGP forecast on Thursday, May, 4: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 8400 USD = 259,140.00 EGP. 9200 USD = 283,820.00 EGP. 250 USD = 7,712.50 EGP. Dollar to Chilean Peso forecast on Wednesday, May, 17: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 440 USD = 13,574.00 EGP. The value of the Egyptian pound declined against the US dollar following the Central Bank's decision in October to move to a flexible exchange rate, describing it as one of the conditions for obtaining an International Monetary Fund (IMF) loan. Both Egyptians and foreigners will need to utilize the black market to access such hard currency, where everyone is now competing for the available dollars that are provided by people transferring remittances from abroad or small-time exporters who have dollars but can now exchange them at higher prices outside of the system. 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. Sell 1 USD at 96,500 LBP. The dollar recorded LE15.64 for purchase and LE15.74 for selling at the National Bank of Egypt. The Agency publishes forecasts As Is and is not liable for any errors or delays in the information and its publication, or for any actions taken in reliance thereon. on this page is accurate as of the posting date; however, some of our partner offers may have expired. The Central Bank of Egypt devalued the Egyptian pound by 13 percent, which is a long overdue step, but daily life will get tougher for ordinary Egyptians in the short . Keep your portfolio safe in 2023 with these 10 blue-chip bargains. US Dollar to Egyptian Pound Monthly Exchange Rates. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. USD to EGP forecast on Friday, May, 12: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 11800 USD = 364,030.00 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. This means that importers will need LE 1,440,000 at the exchange of LE 9.60. Click here to see more amounts up to 15,000. Saturday 1 January 2022. "This will happen until there is a fresh supply of dollars to Egypt, one that makes the banks capable of meeting the demand for the US currency," Shafie said. 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. Aug. 29, 2016 5:22 pm ET. 100 USD 3,077.3744 EGP. 82 USD = 2,529.70 EGP.