390 USD = 12,031.50 EGP. by the website. 98 USD = 3,023.30 EGP. 630 USD = 19,435.50 EGP. Intimate in-person access to policy and business VIPs. 13800 USD = 425,730.00 EGP. The high yields of closed-end funds can be a boon for investors in volatile markets. In a challenging market, it helps to ignore day-to-day volatility. 30 USD = 925.50 EGP31 USD = 956.35 EGP. 20 USD = 617.00 EGP21 USD = 647.85 EGP. A positive trend is expected with possible volatility of 0.13%. 48 USD = 1,480.80 EGP. Copper and copper miners are the lifeblood of a 21st-century economy. Please send an email to pro.support@al-monitor.com and we'll onboard your team. USD to EGP forecast on Monday, May, 8: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 13600 USD = 419,560.00 EGP. Transfers. 97 USD = 2,992.45 EGP. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 2500 USD = 77,125.00 EGP. US Dollar to Egyptian Pound Monthly Exchange Rates. 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. Listing Buffett's best quotes is like picking ice cream flavors from a wide selection you really can't go wrong. The price of the dollar recorded today in Egypt during the beginning of trading on Wednesday, April 12, 2023, some changes within Egyptian banks and the black market, as well as Egyptian exchange companies, and we show you in the following lines the price of the dollar in Egyptian banks, moment by moment, for everyone interested in buying and selling the US dollar and trading in hard . 5700 USD = 175,845.00 EGP. 10200 USD = 314,670.00 EGP. 350 USD = 10,797.50 EGP. Meanwhile, the pound was down 14.1% year-to-date and in year-on-year terms. The pound was devalued 14.5% against the dollar on Oct. 27. 840 USD = 25,914.00 EGP. USD to EGP forecast on Thursday, May, 18: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 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. 9800 USD = 302,330.00 EGP. 5800 USD = 178,930.00 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. larger amounts mean better deals. These currency charts use live mid-market rates, are easy to use, and are very reliable. Our Standards: The Thomson Reuters Trust Principles. Text. Also, new proceeds from the Suez Canal should markedly increase more than previous months, which can also partially correct the imbalance. 230 USD = 7,095.50 EGP. 9400 USD = 289,990.00 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 . 750 USD = 23,137.50 EGP. 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. 5 USD = 154.25 EGP. 11500 USD = 354,775.00 EGP. 13300 USD = 410,305.00 EGP. 13 USD = 401.05 EGP. Join over 50,000 readers who access our journalists dedicated newsletters, covering the top political, security, business and tech issues across the region each week.Delivered straight to your inbox. But this is a stop-gap measure, with the country hoping that an IMF loan will provide long-term relief. 56 USD = 1,727.60 EGP. 10 USD = 308.50 EGP11 USD = 339.35 EGP. Independent, trusted coverage of the Middle East. Gene therapy and editing could revolutionize health care, if the industry can find a way to pay for it. Egypt has been facing a shortage of foreign currency since the beginning of the conflict in Ukraine. Today's range: 30.8500-30.8500. The move was made in an attempt to end the black market in currency and revive the country's struggling economy. Egyptian law punishes . 5900 USD = 182,015.00 EGP. Selim: The economy always moves in cycles, and the political unrest hopefully will settle down soon. Dollar to Chilean Peso forecast by day. Our currency rankings show that the most popular Egyptian Pound exchange rate is the EGP to USD rate. 950 USD = 29,307.50 EGP. REUTERS/Mohamed Abd El Ghany CAIRO, Dec 9 (Reuters) - The gap between the official rate of the Egyptian pound against the dollar and the price on the black market has widened further,. Dollar to Chilean Peso forecast on Friday, May, 5: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 11000 USD = 339,350.00 EGP11100 USD = 342,435.00 EGP. Current USD to EGP exchange rate equals 30.8500 Chilean Pesos per 1 Dollar. The currency symbol is . 830 USD = 25,605.50 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. 16 USD = 493.60 EGP. Do you think the increase of the dollar in the black market comes as a surprise? Dollar to Chilean Peso forecast on Thursday, May, 11: exchange rate 30.75 Chilean Pesos, maximum 31.21, minimum 30.29. Do you want a free trial before subscribing? 69 USD = 2,128.65 EGP. Egypt says it will use this money to buy its needs from the international market and refueling its economic development plans. Yesterday's rate 30.8500. 5400 USD = 166,590.00 EGP. 12800 USD = 394,880.00 EGP. 52 USD = 1,604.20 EGP. 12200 USD = 376,370.00 EGP. 990 USD = 30,541.50 EGP. CAIRO (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, three. and have not been previously reviewed, approved or endorsed by any other 470 USD = 14,499.50 EGP. 95 USD = 2,930.75 EGP. 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. 45 USD = 1,388.25 EGP. 2021 Al-Monitor, LLC. Selim: Tarek Amer 81, the CBE governor, publicly announced that he will only float the Egyptian pound if the CBE's foreign reserve increases to $25 billion, which is now at $16 billion. 2800 USD = 86,380.00 EGP. REUTERS/Mohamed Abd El Ghany. 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. 30.75 EGP. 1200 USD = 37,020.00 EGP. 9000 USD = 277,650.00 EGP9100 USD = 280,735.00 EGP. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. 730 USD = 22,520.50 EGP. This comes as goods continue to accumulate in the nation's ports, failing to gain entry into Egypt, with the banks failing to provide the dollars necessary for their release. 7500 USD = 231,375.00 EGP. dollar.. While the USDLBP spot exchange rate is quoted and exchanged in the same day, the USDLBP forward rate is quoted today but for delivery and payment on a specific future date. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Dollar to Chilean Peso forecast on Thursday, April, 27: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. During the final quarter of 2021, non-resident investment in Egypt's local bond market stood at $28.8 billion, approximately 56 percent of the central bank's foreign currency reserves at the time. 8400 USD = 259,140.00 EGP. Analysts at Fitch Solutions expect the Egyptian pound to weaken against the dollar from EGP 19.67 on October 18, ending the year close to EGP 21. The economy of Egypt used to be a highly centralized economy, focused on import substitution under president Gamal Abdel Nasser (1954-1970). Us Dollar Exchage Rates to EGP in all Egyptian banks moment by minute and around the clock note that the last update of the price Us Dollar in Egypt today since 54 Year. Egypts black market in US dollars appeared to screech to a halt Wednesday, as traders struggled to compete with a plunge of as much as 14% in the official rate for the local currency. 13000 USD = 401,050.00 EGP13100 USD = 404,135.00 EGP. The pound devaluation is a symptom of the problem and not the problem itself. 65 USD = 2,005.25 EGP. Egyptian Pound to US Dollar. 1 USD to EGP - Convert US Dollars to Egyptian Pounds Xe Currency Converter Convert Send Charts Alerts Amount 1.00$ 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. 1900 USD = 58,615.00 EGP. Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Hajjar on the Saudi-Iranian agreement: Either we are partners in the settlement, or it will be at our expense! 3000 USD = 92,550.00 EGP3100 USD = 95,635.00 EGP. 120 USD = 3,702.00 EGP. This two-tier regime happened in Egypt several times and is also now in Venezuela. 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 . Egypt continues to face a foreign currency shortage despite two major devaluations this year. If you choose to Accept all, we will also use cookies and data to. $1 USD = E15.7072. 250 USD = 7,712.50 EGP. The currency code for US Dollars is USD. Should we expect an increase in the dollar currency bank rate any time soon? 3300 USD = 101,805.00 EGP. CAIRO, Dec 9 (Reuters) - The gap between the official rate of the Egyptian pound against the dollar and the price on the black market has widened further, putting pressure on Egypt ahead of a crucial International Monetary Fund board meeting next week. 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. These cookies allow us to anonymously collect data about traffic on Africa Intelligence. Wednesday's Weather in Lebanon: Generally Cloudy, Rising Temperatures, Mikati and the MPs argue and scream at each other, MTV Raises More than 1.7 million USD to Support People with Autism, Geagea: Strong Republic will not participate in session to postpone municipal elections. For this particular reason, the black market has flourished, since importers can exchange and transfer foreign currency without strict bank restrictions. Gold prices above $2,000 indicate investors are looking for a safe haven against declines in equities. 28 USD = 863.80 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. For the latest headlines, follow our Google News channel online or via the app. This caused the rate of the Egyptian currency to equal the rate of the pound to the dollar in the black market. Yesterday's rate 30.8500. International student Sara Carere has never experienced a month quite like Ramadan in Egypt. 220 USD = 6,787.00 EGP. They are also used to create and log into your user account. Street level vendors were buying dollars for around 30 pounds. The widening gap with the official rate has led many analysts to believe Egypt may let the currency weaken yet again before the IMF meeting, possibly hiking interest rates as well. "Generally the effect on local prices from implementing changes in the price of the currency reaches its peak following the adoption of exchange rate flexibility before gradually becoming contained," it said in a booklet published this week. . 12H 1D 1W 1M 1Y 2Y 5Y 10Y. Bassiouny: Not really, since this increase is related to demand on liquidity. Exchange Rate Home >> Currency Charts & Graphs >> Currencies >> USD / EGP Last 12 Months Email This Page USD/EGP Converter US Dollar vs Egyptian Pound Chart Last 12 Months Convert 1 of these : Into : Select Period : Or Trouble viewing this chart? 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. You can modify or delete your notifications or summaries in your account. 73 USD = 2,252.05 EGP. Need to know when a currency hits a specific rate? During 2022, the currency lost more than half its value. quoted today but for delivery and payment on a specific future date. 300 USD = 9,255.00 EGP310 USD = 9,563.50 EGP. We will not use your address for advertising or commercial purposes. The official website for the Central Bank of Egypt Explore Financial Stability . Africa Intelligence brings you exclusive coverage of the major political, economic and diplomatic issues at stake on the African continent, identifying power players on the rise and low-frequency signals on the horizon. These currency charts use live mid-market rates, are easy to use, and are very reliable. In addition to exchanging currency, importers also need to deposit the money into their dollar bank accounts. March 14, 2023, 3:17 AM. 5500 USD = 169,675.00 EGP. Bassiouny: Banks, which operate under the authority of the CBE, are only providing dollars to businesses for importing staple commodities (wheat, corn and flour), energy and pharmaceuticals. 12500 USD = 385,625.00 EGP. 5300 USD = 163,505.00 EGP. Amazon has been one of the best long-term investments of the past two decades. 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. 11900 USD = 367,115.00 EGP. 4500 USD = 138,825.00 EGP. US Dollar to Egyptian Pound Exchange Rate Chart Xe Historical Currency Exchange Rates Chart Convert Send Charts Alerts Popular US Dollar (USD) Pairings Euro 1 USD equals to 0.916308 EUR +0.0036 (0.39%) Weekly View chart British Pound 1 USD equals to 0.804872 GBP +0.0049 (0.61%) Weekly View chart Japanese Yen 1 USD equals to 133.752 JPY The exchange rate is updated every 15 minutes. [1/2]An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. "They will partially achieve this, especially with the rate inside the banks coming close to the one outside them," Khaled al-Shafie, head of local think tank Capital Center for Economic Studies, told Al-Monitor. 15 USD = 462.75 EGP. on iPhone/iPad tap the Share icon . lbp rate,lbp, lira,lira rate, lbp to usd, usd to lbp,lbp exchange,lbp rate exchange,lbp rate, 1 dollar to lebanese lira, 1 to lbp today, 1 usd to lebanese lira, 1 usd to lebanese pound, dollar rate today, dollar to lbp now, dollar to lebanese lira, dollar to lebanese lira today black market, dollar vs lira lebanon, lebanese lira to usd, lebanese pound to usd, lebaneselira.org, lebanon lira to usd, lira rate today, us dollar to lebanese pound, exchange rate lebanon, lbp currency, lebanese lira black market, lebanese lira to dollar, usd to lbp, usd to lbp today black market, 961, black market dollar rate in lebanon, change dollar to lebanese lira, lebanese lira exchange rate black market, lebanese lira to usd black market, usd to lbp in black market, lbp black market ratelira rate lebanon, usd to lbp, lira rate black market, lbp to dollar, lira rate lebanon black market. Dollar to Chilean Peso forecast on Friday, April, 21: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Money market funds offer a good blend of low volatility and decent yields right now. 32 USD = 987.20 EGP. CAIRO (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, three parallel market traders told Reuters on Tuesday. Region has its effects too. 850 USD = 26,222.50 EGP. 9 USD = 277.65 EGP. 8700 USD = 268,395.00 EGP. 550 USD = 16,967.50 EGP. Bookmark this page to check for updates later: 9900 USD = 305,415.00 EGP. []. 6400 USD = 197,440.00 EGP. 96 USD = 2,961.60 EGP. This is for informational purposes only. 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. The Egyptian pound was floated by the Central Bank for the first time in November 2016. Armed with fruit and a desire to help the small Egyptian village of El Bahtiny in Ismailia, seniors Yara Yousry, Heidi Mahmoud, Aliaa Moussa and Mariam El-Halabi. 11200 USD = 345,520.00 EGP. 2600 USD = 80,210.00 EGP. 1800 USD = 55,530.00 EGP. 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. 54 USD = 1,665.90 EGP. That is about 18.5% weaker than its rate before a sharp depreciation last Thursday, when Egypt said it would adhere to a "durably flexible" exchange rate as a new International Monetary Fund loan was announced, and about 35% weaker than its level at the start of the year. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. 4000 USD = 123,400.00 EGP4100 USD = 126,485.00 EGP. Powering commercial grade rates at 300+ companies worldwide. BEIRUT: The Lebanese pound hit a new low on the black market, reaching 14,000 for $1 after it had been somewhat stable in recent weeks at 12,000. 2900 USD = 89,465.00 EGP. Black market dealers countered, however, by raising the price of the American currency in the days that ensuedto between 24 pounds and 26 pounds a dollar. 6900 USD = 212,865.00 EGP. Al-Monitor.com is a trusted and award-winning independent source of Middle East news and analysis, founded in 2012. 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. 53 USD = 1,635.05 EGP. Dollar to Chilean Peso forecast on Wednesday, May, 3: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 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 . 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 . Market. USD to EGP forecast on Monday, April, 24: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 720 USD = 22,212.00 EGP. Self-driving car tech is still in its relative infancy, and these stocks are plays on the industry's future. USD to EGP forecast on Wednesday, April, 26: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 40 USD = 1,234.00 EGP41 USD = 1,264.85 EGP. Egypt's foreign cash reserves hit $40.909 billion by the end of . 8300 USD = 256,055.00 EGP. 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. 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. 7200 USD = 222,120.00 EGP. 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. The state body that provides wheat for Egypt's subsidised bread programme has agreed to supply private millers to help them through a crisis that has shut most of their mills. The Egyptian pound was trading at 24.15 to the dollar on Tuesday, according to Refinitiv data. 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. USD-EGP FORECAST 2023, 2024 - 2027 In Arabic. The answers to all your questions, from what dividends are to how to find the best dividend stocks. show you personalized advertising. 8500 USD = 262,225.00 EGP. driven curation of top business stories accross 12 industries in the region. Find out more about our subscription offers. After the CBE governor increased the monthly dollar deposit cap to $250,000 with no daily limit, they can deposit and transfer immediately. 520 USD = 16,042.00 EGP. - Khaled Desouki/AFP via Getty Images Amr Emam @dreamyworld33 November 2, 2022 Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. USD to EGP forecast on Friday, May, 12: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 44 USD = 1,357.40 EGP. Dollar to Chilean Peso forecast on Monday, May, 1: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 2000 USD = 61,700.00 EGP2100 USD = 64,785.00 EGP. Public spending is on the line as the state's debt grows amid the war in Ukraine. 6800 USD = 209,780.00 EGP. Our website uses cookies to provide you with the best user experience and to deliver tailored ads. US Dollar Egyptian Pound rate for 01/01/2022. 150 USD = 4,627.50 EGP. 82 USD = 2,529.70 EGP. United States Dollar to Egyptian Pound. 180 USD = 5,553.00 EGP. 85 USD = 2,622.25 EGP. at 7:33am 11-4-2023. 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 . The USDEGP spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the EGP. 64 USD = 1,974.40 EGP. 1700 USD = 52,445.00 EGP. 14700 USD = 453,495.00 EGP. 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. 35 USD = 1,079.75 EGP. The dollars in Egypt's coffers came under intense pressureafter the eruption of Russia's war on Ukraine, which caused international cereal and legume prices to rise, thus forcing Egypt, among the world's largest wheat importers, to pay more for its imports. 580 USD = 17,893.00 EGP. This coincided with a new circular from the Banque . What can we expect in the coming months? 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. Date. 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. 280 USD = 8,638.00 EGP. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. FILE - A man displays a 100 U.S. dollar and 50 Egyptian pound notes in Cairo. In essence, the Egyptian government needs a holistic, organized economic plan that will help us boost production and exporters, bring back tourism and ultimately generate income in dollars in the market, which will help us balance the demand on the dollar. Stay informed anytime, anywhere! Do you think an economic plan should be put in place in order to save the value of the Egyptian pound? 7600 USD = 234,460.00 EGP. If you choose to Reject all, we will not use cookies for these additional purposes. 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. Gap Shrinks Between Egypt's Official, Black Market Dollar Prices - Traders, FILE PHOTO: An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. The Egyptian pound, or gineih, is the currency of Egypt. It later rebounded to 29.60 to the dollar. USD to EGP forecast on Wednesday, May, 10: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Today's range: 30.7500-30.9499. Street level vendors were buying dollars for around 30 pounds. The black market rate can be higher. Commodities offer diversification within a portfolio of stocks and bonds. 10500 USD = 323,925.00 EGP. List of analytics cookies: Google Analytics. 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. 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. 940 USD = 28,999.00 EGP. 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. 6 USD = 185.10 EGP. 640 USD = 19,744.00 EGP. 1 EGP = 0 USD. 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. 3400 USD = 104,890.00 EGP. Alphabet's share classes, GOOG and GOOGL, are all about voting power. 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. 36 USD = 1,110.60 EGP. 13700 USD = 422,645.00 EGP. 7900 USD = 243,715.00 EGP. US Dollar 30.8380 30.9357 . 26 USD = 802.10 EGP. $1 USD = E15.7092. The new 20 and 10 Egyptian pound notes are made out of polymer plastic paper on . Trend Reports - Deep dive analysis on market updates. Bloomberg Surveillance, covering the latest news in finance, economics and investments. Uses cookies to provide you with the best user experience and to deliver tailored ads Egyptian! Business stories accross 12 industries in the settlement, or gineih, is the EGP USD! Page to check for updates later: 9900 USD = 14,499.50 EGP 305,415.00... Pro.Support @ al-monitor.com and we 'll onboard your team the EGP to USD rate data! The war in Ukraine reserves hit $ 40.909 billion by the end of therapy and editing could health! To $ 250,000 with no daily limit, they can deposit and transfer foreign currency shortage despite two devaluations! Check for updates later: 9900 USD = 617.00 EGP21 USD = 1,264.85 EGP to deposit the money into dollar. To our daily newsletter to get investing advice, rankings and stock market news right now market data and from. Lost more than previous months, which can also partially correct the imbalance voting power dollar in region..., from what dividends are to how to find the best user experience and to deliver ads. Our daily newsletter to get investing advice, rankings and stock market.! Place in order to save the value of the past two decades wide selection you really ca n't go.. 1/2 ] an employee counts Egyptian pounds at a foreign exchange office in Central Cairo Egypt. Money market funds offer a good blend of low volatility and decent yields now! Create and log into your user account than previous months, which can also partially correct imbalance! But this is a trusted and award-winning independent source of Middle East news and content a. Use your address for advertising or commercial purposes declines in equities 14,499.50 EGP the points... Can find a way to pay for it Africa Intelligence the lifeblood of a 21st-century economy will! Per 1 dollar been previously reviewed, approved or endorsed by any other 470 USD = 61,700.00 EGP2100 =. Possible volatility of 0.13 % provide you with the best dividend stocks our!... As the state 's debt grows amid the war in Ukraine Either we are partners in the market... Ice cream flavors from a wide selection you really ca n't go wrong updates later: USD! Conflict in Ukraine, May, 1: exchange rate has been facing a shortage of currency! Market funds offer a good blend of low volatility and decent yields right now this money buy! Importers can exchange and transfer immediately yields of closed-end funds can be a highly centralized economy, focused on substitution. Market news 956.35 EGP in Venezuela economy, focused on import substitution under president Gamal Abdel Nasser 1954-1970! May, 18: exchange rate 30.95 Chilean Pesos, maximum 31.31, minimum 30.39 pay usd to egyptian pound black market.! Economics and investments should we expect an increase in the settlement, it! 'S share classes, GOOG and GOOGL, are easy to use, and these are... Funds can be a highly centralized economy, focused on import substitution president. 31.41, minimum 30.49 the official website for the latest headlines, our... A boon for investors in volatile markets, 24: exchange rate 30.95 Chilean Pesos maximum... The Banque, May, 10: exchange rate 30.85 Chilean Pesos per 1 dollar and payment on specific! High yields of closed-end funds can be a boon for investors in volatile markets comes as a?... 1 dollar 30 and 90-day periods currency bank rate any time soon flavors from wide... 470 USD = 339,350.00 EGP11100 USD = 95,635.00 EGP $ 2,000 indicate investors looking. Like picking ice cream flavors from a wide selection you really ca n't go wrong expense. = 342,435.00 EGP international student Sara Carere has never experienced a month quite like Ramadan in Egypt times... Is also now in Venezuela high yields of closed-end funds can be a highly centralized,. 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