USD to EGP Exchange Rate - Convert US Dollar to Egyptian Pound

Converting from US Dollar (USD) to Egyptian Pound (EGP)

What is US Dollar (USD)

The US Dollar (USD) is the official currency of the United States and is one of the most widely used currencies in the world. It is often referred to as the "greenback," and its symbol is $.

The USD is a fiat currency, meaning it is not backed by a physical commodity like gold or silver but rather derives its value from the trust and confidence of the people who use it. As of now, USD is the primary reserve currency globally, meaning many countries hold it in significant quantities as part of their foreign reserves.

The US Dollar is divided into 100 smaller units called cents. Coins are available in denominations of 1 cent (penny), 5 cents (nickel), 10 cents (dime), 25 cents (quarter), and paper bills come in $1, $5, $10, $20, $50, and $100 denominations. The currency plays a critical role in international trade and finance, often serving as the preferred currency for global transactions.

What is Egyptian Pound (EGP)

The Egyptian Pound (EGP) is the official currency of Egypt. Its symbol is ج.م., and it is subdivided into 100 piastres (PT). Like the USD, the EGP is a fiat currency, reflecting the economic strength and stability of Egypt.

The history of the Egyptian Pound dates back to 1899 when it replaced the Egyptian franc at a time when Egypt was under British control. Over the years, it has undergone various reforms and changes, with the most significant happening in the context of Egypt's economic development.

The EGP is a crucial part of the Egyptian economy. Transactions in Egyptian Pounds rely heavily on local trade and tourism, which contribute significantly to Egypt’s GDP. The currency is also subject to fluctuations based on various factors, including inflation, economic conditions, and political stability.

Converting USD to EGP

When traveling to Egypt or doing business there, you may need to convert your US Dollars into Egyptian Pounds. The exchange rate between USD and EGP fluctuates due to market conditions, so it is essential to stay updated on current rates.

You can follow this general formula for conversion:

Amount in EGP = Amount in USD × Exchange Rate (USD to EGP)

For example, if the current exchange rate is 1 USD = 30 EGP, converting $100 would yield:

100 USD × 30 EGP/USD = 3000 EGP

It's always a good idea to check with your bank or a currency converter service for the most accurate and up-to-date exchange rates. By understanding both currencies, you can navigate financial transactions more effectively while in Egypt.

US Dollar to Egyptian Pound conversion table

USD to EGP conversion table

US Dollar (USD)Egyptian Pound (EGP)
1 USD50.36019927704 EGP
2 USD100.72039855408 EGP
3 USD151.08059783112 EGP
4 USD201.44079710816 EGP
5 USD251.8009963852 EGP
6 USD302.16119566224 EGP
7 USD352.52139493928 EGP
8 USD402.88159421632 EGP
9 USD453.24179349336 EGP
10 USD503.6019927704 EGP
100 USD5 036.019927704 EGP
200 USD10 072.039855408 EGP
300 USD15 108.059783112 EGP
400 USD20 144.079710816 EGP
500 USD25 180.09963852 EGP
600 USD30 216.119566224 EGP
700 USD35 252.139493928 EGP
800 USD40 288.159421632 EGP
900 USD45 324.179349336 EGP
1 000 USD50 360.19927704 EGP
2 000 USD100 720.39855408 EGP
5 000 USD251 800.9963852 EGP
10 000 USD503 601.9927704 EGP
20 000 USD1 007 203.9855408 EGP
50 000 USD2 518 009.963852 EGP
100 000 USD5 036 019.927704 EGP
Last updated February 12, 2025 at 05:55 AM