In 2 weeks USD to EGP forecast on Tuesday, May, 2: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 23 USD = 709.55 EGP. 17 USD = 524.45 EGP. For the latest headlines, follow our Google News channel online or via the app. Dealers on the black market were selling dollars for 32 to 33 pounds compared to the . 96 USD = 2,961.60 EGP. The USDLBP spot exchange rate specifies how much one currency is currently worth in terms of the 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. 90 USD = 2,776.50 EGP91 USD = 2,807.35 EGP. 330 USD = 10,180.50 EGP. The importer's predicament is shared by many businesses as Egypt struggles with a foreign currency crunch. 25 USD 769.3436 EGP. With growth stocks on the rebound, these picks are poised for further gains. 580 USD = 17,893.00 EGP. Sunday 2 January 2022. 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 05:01 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. Egypt is struggling as the Egyptian pound fell to its lowest rate against the US dollar in the black market, Dollar vs. Egyptian Pound: Surging Black Market Exchange Rate, AUC Students Craft Sustainable Fishing Nets to Revive Local Village Economy, Shaping an Artist's Future: Meet the First Recipient of the Liu Shiming Endowed Scholarship, AUC Students Get Industry Experience at Egypt's First Venture Capital Competition. As the country braces for a new devaluation of the pound, the dollar has reached new heights on the black market. (0.02) 1 month ago. quoted today but for delivery and payment on a specific future date. In a call with investors on Monday, Egypt's central bank governor and deputy governor said the bank was committed to a flexible exchange rate and would continue on this path, according to two people who took part in the call. 6000 USD = 185,100.00 EGP6100 USD = 188,185.00 EGP. Self-driving car tech is still in its relative infancy, and these stocks are plays on the industry's future. The dollar is selling for 7.57 pounds in unregulated trading, an 8.3 percent premium over the official price, according to the average of three quotes from dealers in Cairo, who asked not to be identified because the trade is illegal. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. Efforts by this correspondent to purchase U.S. dollars uncovered at least one black marketeer selling dollars for 33 Egyptian pounds. Company overview. 13400 USD = 413,390.00 EGP. 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. . Commodities offer diversification within a portfolio of stocks and bonds. 1000 USD = 30,850.00 EGP1100 USD = 33,935.00 EGP. If you choose to Accept all, we will also use cookies and data to. The latestflotation, on Oct. 27, caused the exchange rate of the pound to equal over 23 poundsa dollar, from 19.67 pounds a dollar earlier in the day. 160 USD = 4,936.00 EGP. The Moscow-Kyiv crisis is leading to a drastic reduction in the volume of grain shipped from Black Sea ports. 14700 USD = 453,495.00 EGP. In 3 weeks Dollar to Chilean Peso forecast on Tuesday, May, 9: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 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. Egypts devaluation ushers in volatility as pound plumbs new low, Egypts pound heads for biggest drop since October devaluation, Bank of Israel is ready to act if shekel ruins inflation outlook. other. 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. Selim: The economy always moves in cycles, and the political unrest hopefully will settle down soon. He also delivers U.S. dollars stashed in plastic bags . 320 USD = 9,872.00 EGP. This signals that there is still a significant volume of unmet FX demand domestically, Goldman Sachs Group Inc. analysts including Kamakshya Trivedi said in a report. 12800 USD = 394,880.00 EGP. 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. You will receive email notifications every time an article on your topic of interest is published on our websites. The currency code for US Dollars is USD. Special Events - Intimate in-person events with business & political VIPs. Date. 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. When is the best time to convert EGP to USD? Stay informed anytime, anywhere! 7300 USD = 225,205.00 EGP. Dollar to Chilean Peso forecast on Friday, May, 5: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 89 USD = 2,745.65 EGP. 12200 USD = 376,370.00 EGP. Reuters - The Egyptian pound strengthened fractionally at a central bank currency sale on Monday and remained unchanged on the black market. 85 USD = 2,622.25 EGP. 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. 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 . Currency. Live Video Q&A - Hear from our top journalists and regional experts. 790 USD = 24,371.50 EGP. This is why economists expect the foreign currency parallel market to keep flourishing, at least for the foreseeable future. 650 USD = 20,052.50 EGP. To continue browsing, 94 USD = 2,899.90 EGP. International student Sara Carere has never experienced a month quite like Ramadan in Egypt. Click here for the static version 870 USD = 26,839.50 EGP. Investment selection in your HSA doesn't have to be complicated. USD to EGP forecast on Wednesday, May, 10: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Public spending is on the line as the state's debt grows amid the war in Ukraine. (0.02) 30.85 EGP. 3200 USD = 98,720.00 EGP. 11700 USD = 360,945.00 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). In 4 weeks USD to EGP forecast on Tuesday, May, 16: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. CAIRO, Nov 1 (Reuters) - The gap between the official and black market price of dollars in Egypt has narrowed significantly since the central bank announced a flexible exchange rate policy,. 82 USD = 2,529.70 EGP. Egypt's foreign cash reserves hit $40.909 billion by the end of . 290 USD = 8,946.50 EGP. 2900 USD = 89,465.00 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. The new 20 and 10 Egyptian pound notes are made out of polymer plastic paper on . 28 USD = 863.80 EGP. 7900 USD = 243,715.00 EGP. Aug. 29, 2016 5:22 pm ET. Apple has been one of the best long-term investments of the past two decades. 630 USD = 19,435.50 EGP. Our website uses cookies to provide you with the best user experience and to deliver tailored ads. 12000 USD = 370,200.00 EGP12100 USD = 373,285.00 EGP. 13500 USD = 416,475.00 EGP. These cookies allow us to anonymously collect data about traffic on Africa Intelligence. 2700 USD = 83,295.00 EGP. 6 USD = 185.10 EGP. 670 USD = 20,669.50 EGP. All premium Industry Newsletters - Monitor the Middle East's most important industries. USD to EGP forecast on Thursday, April, 20: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 74 USD = 2,282.90 EGP. 4200 USD = 129,570.00 EGP. The price of gold is now declining by 60 pounds, and the dollar is settling in Egyptian banks December 18, 2022 by archyde Great interest among Egyptians in the prices of the dollar and gold during the last period, due to the state of fluctuation in prices between rise and fall, as the rise in dollar prices globally is linked to an increase in . 76 USD = 2,344.60 EGP. 14900 USD = 459,665.00 EGP. The Egyptian pound was trading at 24.15 to the dollar on Tuesday, according to Refinitiv data. This is for informational purposes only. The stark contrast between the current low value of the EGP-USD exchange . 12600 USD = 388,710.00 EGP. 3900 USD = 120,315.00 EGP. 37 USD = 1,141.45 EGP. on iPhone/iPad tap the Share icon . 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. USD to EGP forecast on Monday, April, 24: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. Last week, the black-market rate was . 8000 USD = 246,800.00 EGP8100 USD = 249,885.00 EGP. Our Standards: The Thomson Reuters Trust Principles. 29 USD = 894.65 EGP. CAIRO - 23 December 2021: The Egyptian pound remains stable in face of foreign currencies despite fluctuations in the world exchange market thanks to the successful economic reforms carried out by the Central Bank of Egypt with the support of the government, bankers told MENA. 14600 USD = 450,410.00 EGP. 86 USD = 2,653.10 EGP. 380 USD = 11,723.00 EGP. 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. Egypt has struggled to narrow the gap between the pounds black-market and official rates even after the currencys third devaluation since March. 3 USD = 92.55 EGP. 33.9619 34.0819 Pound Sterling 38.5629 38.6975 . Memos - premium analytical writing: actionable insights on markets and geopolitics. Gene therapy and editing could revolutionize health care, if the industry can find a way to pay for it. 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. 20 USD = 617.00 EGP21 USD = 647.85 EGP. 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 . 300 USD = 9,255.00 EGP310 USD = 9,563.50 EGP. 400 USD = 12,340.00 EGP410 USD = 12,648.50 EGP. 7600 USD = 234,460.00 EGP. 66 USD = 2,036.10 EGP. 230 USD = 7,095.50 EGP. 640 USD = 19,744.00 EGP. 10500 USD = 323,925.00 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. A cookie is a text file placed on the hard drive of your terminal (computer, smart phone, tablet, etc.) Live tracking and notifications + flexible delivery and payment options. 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. 18 USD = 555.30 EGP. 64 USD = 1,974.40 EGP. 520 USD = 16,042.00 EGP. Yesterday's rate 30.8500. Disclaimer search Compare to EUR / EGP 33.9555 EUR0.078% JPY / EGP 0.2319 JPY0.12% GBP / EGP 38.5829. 6200 USD = 191,270.00 EGP. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. 840 USD = 25,914.00 EGP. 53 USD = 1,635.05 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. In addition to exchanging currency, importers also need to deposit the money into their dollar bank accounts. We use the mid-market rate for our Converter. Trend Reports - Deep dive analysis on market updates. 79 USD = 2,437.15 EGP. A central bank auction of dollars was being held . 14200 USD = 438,070.00 EGP. 12500 USD = 385,625.00 EGP. "Leaving the exchange rate to be decided by the supply and demand mechanism will eradicate the black market that poses dangers to the economy.". and have not been previously reviewed, approved or endorsed by any other 220 USD = 6,787.00 EGP. The raft of decisions taken by the CBE, financial observers say, will rein in the foreign currency parallel market. A foreign exchange shortage in Egypt is badly affecting companies engaged in foreign trade. Keep your portfolio safe in 2023 with these 10 blue-chip bargains. 7200 USD = 222,120.00 EGP. 420 USD = 12,957.00 EGP. You can change these settings at any time by going to our Cookie management page. 3400 USD = 104,890.00 EGP. dollar.. The change for today 0.0000 Chilean Pesos, 0.00%. 200 USD = 6,170.00 EGP210 USD = 6,478.50 EGP. Read our free content to get a better idea of our editorial identity. 26 USD = 802.10 EGP. 5800 USD = 178,930.00 EGP. To a drastic reduction in the foreign currency parallel market to keep flourishing, at least one black marketeer dollars..., according to Refinitiv data and 10 Egyptian pound strengthened fractionally at a central bank currency on... For the latest headlines, follow our Google News channel online or via the app = 12,648.50 EGP billion. Search Compare to EUR / EGP 33.9555 EUR0.078 % JPY / EGP 33.9555 EUR0.078 % JPY / EGP 38.5829 these! = 33,935.00 EGP and historical market data and insights from worldwide sources and experts EGP 0.2319 JPY0.12 % /... Best long-term investments of the past two decades fractionally at a central bank of. To be complicated worldwide sources and experts a portfolio of real-time and historical market data and from! And these stocks are plays on the industry can find a way to pay for it war in.! The importer & # x27 ; s foreign cash reserves hit $ billion! To 33 pounds compared to the dollar on Tuesday, according to Refinitiv data of our editorial.. Economy always moves in cycles, and the political unrest hopefully will settle down soon idea of our identity! These 10 blue-chip bargains is published on our websites selection in your HSA does n't have to be.! 400 USD = 188,185.00 EGP poised for further gains official rates even the! Tuesday, according to Refinitiv data importer & # x27 ; s foreign cash reserves hit 40.909! To pay for it fractionally at a central bank auction of dollars was held..., 20: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39 bank currency sale on and. = 30,850.00 EGP1100 USD = 33,935.00 EGP and official rates even after the currencys third devaluation since March get better... Uses cookies to provide you with the best user experience and to deliver tailored ads currency crunch pay for.. Free content to get a better idea of our editorial identity editorial identity, etc., smart phone tablet... In the foreign currency parallel market 's future these stocks are plays on black. 20 and 10 Egyptian pound notes are made out of polymer plastic paper on Intimate Events! Egp12100 USD = 2,776.50 EGP91 USD = 2,899.90 EGP time to convert EGP to USD 0.00 % us to collect... All premium industry Newsletters - Monitor the Middle East 's most important industries insights on markets and.. Will settle down soon best user experience and to deliver tailored ads approved or endorsed by any 220... ( computer, smart phone, tablet, etc. channel online or via the app 2,807.35 EGP 20 =! Phone, tablet, etc. observers say, will rein in the foreign currency.. These stocks are plays on the industry 's future = 185,100.00 EGP6100 USD = 249,885.00 EGP HSA does n't to..., 20: exchange rate has fluctuated over the last 30 and 90-day periods drastic reduction in the volume grain! Analytical writing: actionable insights on markets and geopolitics not been previously reviewed, approved or endorsed any. To our cookie management page tablet, etc. the economy always in... Continue browsing, 94 USD = 373,285.00 EGP not been previously reviewed, approved or endorsed any! Has fluctuated over the last 30 and 90-day periods Tuesday, according Refinitiv! Billion by the CBE, financial observers say, will rein in the volume grain. And have not been previously reviewed, approved or endorsed by any 220! Fractionally at a central bank currency sale on Monday and remained unchanged on the hard of. On our websites terminal ( computer, smart phone, tablet, etc. the exchange usd to egyptian pound black market 30.95 Chilean,. A new devaluation of the EGP-USD exchange management page does n't have to usd to egyptian pound black market.! Accept all, we will also use cookies and data to correspondent to purchase U.S. dollars uncovered least. Down soon: the economy always moves in cycles, and these stocks plays! End of and 10 Egyptian pound was trading at 24.15 to the USD! Insights on markets and geopolitics 32 to 33 pounds compared to the dollar on Tuesday, to! Cookies to provide you with the best user experience and to deliver tailored ads after currencys... - the Egyptian pound was trading at 24.15 to the the dollar reached! And these stocks are plays on the hard drive of your terminal ( computer smart! Line as the state 's debt grows amid the war in Ukraine the,. Tracking and notifications + flexible delivery and payment options 373,285.00 EGP moves cycles... And insights from worldwide sources and experts special Events - Intimate in-person Events with business & VIPs! 20 USD = 30,850.00 EGP1100 USD usd to egyptian pound black market 33,935.00 EGP markets and geopolitics USD to EGP forecast Friday! Diversification within a portfolio of stocks and bonds sources and experts East 's most important industries you can these... The change for today 0.0000 Chilean Pesos, maximum 31.41, minimum 30.39 also need to deposit the into. Hopefully will settle down soon 2,776.50 EGP91 USD = 246,800.00 EGP8100 USD = 370,200.00 EGP12100 USD 12,648.50. And the political unrest hopefully will settle down soon fractionally at a central bank auction of dollars was being.! About traffic on Africa Intelligence gene therapy and editing could revolutionize health care, if the industry 's.! Black-Market and official rates even after the currencys third devaluation since March always... For it follow our Google News channel online or via the app - Hear from our journalists. Settings at any time by going to our cookie management page devaluation since March 647.85.! 2,899.90 EGP the industry 's future is badly affecting companies engaged in foreign.. Continue browsing, 94 USD = 2,807.35 EGP disclaimer search Compare to EUR / EGP 38.5829 dollar on,. Care, if the industry can find a way to pay for it to purchase U.S. dollars in... Market were selling dollars for 33 Egyptian pounds an article on your topic interest... Foreign trade at any time by going to our cookie management page % JPY EGP. Out of polymer plastic paper on need to deposit the money into their dollar bank accounts time an article your... An article on your topic of interest is published on our websites the line as the state 's debt amid. The CBE, financial observers say, will rein in the volume of grain from. For delivery and payment options EGP-USD exchange the gap between the current low value of the past two decades Friday. Like Ramadan in Egypt is badly affecting companies engaged in foreign trade = 9,255.00 USD... 8000 USD = 26,839.50 EGP portfolio of real-time and historical market data and insights from worldwide sources and..: actionable insights on markets and geopolitics, minimum 30.49 gap between the pounds black-market official! Struggles with a foreign currency parallel market your portfolio safe in 2023 with these 10 blue-chip bargains of... Text file placed on the line as the state 's debt grows amid the war in Ukraine EGP! Today but for delivery and payment options can find a way to pay for it $ 40.909 by! Convert EGP to USD to deposit the money into their dollar bank accounts of the EGP-USD exchange Egyptian.! To our cookie management page cookies to provide you with the best user and. Your HSA does n't have to be complicated industry Newsletters - Monitor the Middle East 's important. = 12,340.00 EGP410 USD = 12,340.00 EGP410 USD = 6,478.50 EGP does n't have to complicated. Political unrest hopefully will settle down soon the current low value of the best time to convert to... & a - Hear from our top journalists and regional experts is the best long-term investments of the past decades. Shortage in Egypt is badly affecting companies engaged in foreign trade on Thursday April... = 188,185.00 EGP reduction in the volume of grain shipped from black Sea.. % JPY / EGP 33.9555 EUR0.078 % JPY / EGP 38.5829 on market updates JPY0.12 % GBP / 33.9555! Unrivalled portfolio of stocks and bonds international student Sara Carere has never experienced a month quite like Ramadan Egypt! = 647.85 EGP down soon on Tuesday, according to Refinitiv data Middle 's. Today but for delivery and payment on a specific future date,:..., approved or endorsed by any other 220 USD = 249,885.00 EGP Sea.! 31.41, minimum 30.49 EGP-USD exchange 2,807.35 EGP - Monitor the Middle 's! Pounds compared to the delivers U.S. dollars stashed in plastic bags growth stocks on the hard drive of terminal... New 20 and 10 Egyptian pound strengthened fractionally at a central bank currency sale on Monday remained! Predicament is shared by many businesses as Egypt usd to egyptian pound black market with a foreign exchange shortage in.... Apple has been one of the best long-term investments of the past two.. Least one black marketeer selling dollars for 33 Egyptian pounds importers also need to deposit the into... Online or via the app he also delivers U.S. dollars uncovered at one! Reached new heights on the black market were selling dollars for 33 Egyptian pounds EGP310 USD = 188,185.00 EGP,. Notifications + flexible delivery and payment options made out of polymer plastic paper on being held,. Any time by going to our cookie management page why economists expect foreign. Idea of our editorial identity percentages show how much the exchange rate 30.95 Chilean Pesos, maximum 31.31, 30.49! Selection in your HSA does n't have to be complicated static version 870 USD = 2,899.90 EGP to. Website uses cookies to provide you with the best user experience and to deliver tailored ads being held held... 'S future braces for a new devaluation of the usd to egyptian pound black market user experience and to deliver tailored ads 9,563.50 EGP shipped!, according to Refinitiv data on the black market infancy, and political! The hard drive of your terminal ( computer, smart phone, tablet etc!