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Exchange rates for the US dollar in Egypt / USD 1 = EGP ... (buying)

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  5. EGP Egyptian pound (Egypt)
CSV SDMX-ML 2.0 SDMX-ML 2.1
Time series key BBEX3.D.EGP.USD.CA.AA.000
Unit EGP
Dimension one
Timespan from 1992-01-01 to 2024-04-15
Last update 19.04.2024 01:29:44 PM
   
General *) Classified as a free market rate until the end of 1993.
Source National Bank of Egypt, Cairo.
   
Comment on 2023-01-31 In January, the Egyptian pound depreciated strongly. Calculated using the exchange rates from the end of December 2022 and the end of January 2023, the Egyptian pound depreciated by 17.9% against the US dollar (calculated on the basis of the middle rates).
Comment on 2022-10-31 With effect from 27 October 2022, the Central Bank of Egypt adopted a more flexible exchange rate regime. We recorded the following exchange rates (buying/selling): 26 October 2022: USD 1 = EGP 19.67 / 19.73 27 October 2022: USD 1 = EGP 22.85 / 22.95. Calculated using these exchange rates, the Egyptian pound experienced a devaluation of 14.0% against the US dollar (calculated on the basis of the middle rates).
Comment on 2022-03-31 On 21 March 2022, the Central Bank of Egypt devalued the Egyptian pound and published the following official exchange rates (buying/selling) before as well as after this measure: 20 March 2022: USD 1 = EGP 15.6484 / 15.7786 21 March 2022: USD 1 = EGP 18.1519 / 18.2884. Calculated using these rates, the Egyptian pound depreciated by 13.8% against the US dollar (calculated on the basis of the middle rates).
Comment on 2016-11-15 On 3 November 2016, the de facto peg of the Egyptian pound to the US dollar was abandoned. We recorded the following exchange rates (buying/selling) from the Central Bank of Egypt: 2 November 2016: USD 1 = EGP 8.8583 / 8.8800 3 November 2016: USD 1 = EGP 13.5277 / 14.2757. Calculated using these exchange rates, the Egyptian pound experienced a devalution of 36.2% against the US dollar (on average).
Comment on 2016-03-15 On March 14, 2016, the Central Bank of Egypt decided to adopt a more flexible exchange rate regime. Calculated using the exchange rates at the end of February and 15 March 2016, the Egyptian pound experienced a devaluation of 12.5% against the US dollar (on average).
Comment on 2003-01-30 Exchange rate floated as from 29 January 2003.
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