Egyptian Pound (EGP)
The Egyptian pound is the currency of Egypt. After several devaluations, Egypt moved to a flexible exchange rate in March 2024, though the central bank still intervenes in practice.
The latest available mid-market reference is 1 EGP = 0.018674 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the Egyptian Pound
Egypt's foreign exchange comes from Suez Canal transit fees, tourism, remittances and gas exports. The pound is not widely traded offshore, and import demand for dollars is heavy.
A short history
The Egyptian pound was introduced in 1834 and has been devalued several times. A managed peg was replaced by a more flexible rate in 2024.
What moves the Egyptian Pound
Suez Canal revenue, tourism, remittances from the Gulf, foreign investment and import costs. When reserves are low, a parallel market can appear.
Live EGP exchange rate
| Currency | 1 EGP equals |
|---|---|
| US Dollar (USD) | 0.018674 |
| Euro (EUR) | 0.016804 |
| British Pound (GBP) | 0.014051 |
| Japanese Yen (JPY) | 2.9788 |
| Chinese Yuan (CNY) | 0.1249 |
| Indian Rupee (INR) | 1.7526 |
| Canadian Dollar (CAD) | 0.026591 |
| Australian Dollar (AUD) | 0.027252 |
| Swiss Franc (CHF) | 0.015534 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
EGP conversion pages
Other currency profiles
Egyptian Pound questions
What is the Egyptian Pound?
Egyptian Pound (EGP) is used in the following countries and territories: Egypt. Central bank: Central Bank of Egypt. Exchange rate regime: flexible on paper since 2024, managed in practice.
Which countries use the Egyptian Pound?
The Egyptian Pound is used in the following countries and territories: Egypt.
What affects the Egyptian Pound exchange rate?
Suez Canal revenue, tourism, remittances from the Gulf, foreign investment and import costs. When reserves are low, a parallel market can appear.