Egyptian Pound (E£) to US Dollar ($) Conversion
Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt, managed by the Central Bank of Egypt. Egypt is Africa's third largest economy by nominal GDP and a country of extraordinary strategic importance as the operator of the Suez Canal — through which approximately 12–15% of world trade passes. Egypt is also a major tourist destination and receives significant remittances from Egyptians working abroad. The pound has undergone several devaluations in recent years as Egypt navigates IMF reform programmes.
US Dollar
The US Dollar (USD) is the world's primary reserve currency, involved in approximately 88% of all foreign exchange transactions globally. Established by the Coinage Act of 1792, the dollar transitioned to a pure fiat currency in 1971 when President Nixon ended its convertibility to gold — the collapse of the Bretton Woods system that had pegged all major currencies to the USD at fixed rates since 1944. Today the dollar serves as the global pricing currency for commodities including oil, gold, and most internationally traded goods.
| Egyptian Pound (E£) | US Dollar ($) |
|---|---|
| E£ 0.1 | $ 0.1 |
| E£ 1 | $ 1 |
| E£ 2 | $ 2 |
| E£ 3 | $ 3 |
| E£ 5 | $ 5 |
| E£ 10 | $ 10 |
| E£ 20 | $ 20 |
| E£ 30 | $ 30 |
| E£ 50 | $ 50 |
| E£ 100 | $ 100 |
| E£ 1000 | $ 1000 |