As of February 9, 2025, the exchange rates for various currencies against the Egyptian Pound (EGP) are as follows:
- US Dollar (USD):
– Purchase: 50.23 EGP
– Sale: 50.33 EGP
- European Euro (EUR):
– Purchase: 51.76 EGP
- Sale: 52.39 EGP
- British Pound (GBP):
– Purchase: 62.16 EGP
– Sale: 62.86 EGP
- Kuwaiti Dinar (KWD):
– purchase: 161.98 EGP
– Sale: 163.11 EGP
- Saudi Riyal (SAR):
– Purchase: 13.34 EGP
- Sale: 13.41 EGP
- UAE Dirham (AED):
– Purchase: 13.66 EGP
– Sale: 13.70 EGP
- Qatari Riyal (QAR):
– Purchase: 12.74 EGP
– Sale: 13.80 EGP
Thes rates are sourced from the Nafeza Platform, which publishes foreign exchange rates according to the Egyptian Customs Authority [3[3[3[3].
Additionally, past data and future projections for the US Dollar to Egyptian Pound (USD/EGP) spot exchange rate can be found on websites like Trading Economics [1[1[1[1]and exchangerates.org.uk [2[2[2[2].
As of February 9, 2025, the exchange rates for various currencies against the Egyptian Pound (EGP) have shown distinct variations. To analyze these fluctuations and understand their broader implications, we invited Dr. Ahmed al-Qassim, a renowned economist and currency expert, to share his insights.These rates, sourced from the Nafeza Platform, which publishes foreign exchange rates according to the Egyptian Customs Authority, provide a comprehensive snapshot of the economic conditions affecting the Egyptian currency.
Interview: Dr. Ahmed al-Qassim on Egyptian pound Exchange Rates
Table of Contents
- Interview: Dr. Ahmed al-Qassim on Egyptian pound Exchange Rates
- US Dollar (USD) vs Egyptian Pound (EGP)
- european Euro (EUR) vs egyptian Pound (EGP)
- British Pound (GBP) vs Egyptian Pound (EGP)
- Kuwaiti Dinar (KWD) vs Egyptian Pound (EGP)
- Saudi Riyal (SAR) vs Egyptian Pound (EGP)
- UAE Dirham (AED) vs Egyptian Pound (EGP)
- Qatari Riyal (QAR) vs Egyptian Pound (EGP)
- Conclusion
US Dollar (USD) vs Egyptian Pound (EGP)
Senior Editor: Dr. al-Qassim,could you start by giving us an overview of the current exchange rate between the US Dollar and the Egyptian Pound?
Dr. Ahmed al-Qassim: certainly. As of February 9, 2025, the exchange rate for purchasing USD is 50.23 EGP, while the sale rate stands at 50.33 EGP. This slight gap indicates a stable market but also highlights the importance of timing in foreign exchange trades.
european Euro (EUR) vs egyptian Pound (EGP)
Senior Editor: How does the exchange rate for the European Euro compare with the US Dollar?
Dr. Ahmed al-Qassim: The Euro is valued slightly higher against the Egyptian Pound. The purchase rate stands at 51.76 EGP and the sale rate is 52.39 EGP. The Euro’s stability provides a safe haven for investors looking for a reliable currency in times of global uncertainty.
British Pound (GBP) vs Egyptian Pound (EGP)
Senior Editor: What about the British Pound? How does it fare against the Egyptian Pound?
dr. Ahmed al-Qassim: The British Pound is currently purchased at 62.16 EGP and sold at 62.86 EGP. Brexit and ongoing political dynamics in the UK influence its value, making it a more volatile option compared to the Euro.
Kuwaiti Dinar (KWD) vs Egyptian Pound (EGP)
Senior Editor: Let’s discuss the Kuwaiti Dinar. It holds a significantly higher value against the Egyptian Pound.
dr. Ahmed al-qassim: Indeed, the kuwaiti Dinar is one of the strongest currencies in the region. Currently, it is being purchased at 161.98 EGP and sold at 163.11 EGP.Its strength can be attributed to Kuwait’s rich oil reserves and economic stability.
Saudi Riyal (SAR) vs Egyptian Pound (EGP)
Senior Editor: What about the Saudi Riyal? how is it currently performing?
Dr.Ahmed al-Qassim: The Saudi Riyal is stable but holds lower value compared to the USD and KWD. The current purchase rate is 13.34 EGP and the sale rate is 13.41 EGP. Saudi Arabia’s economic policies and reliance on oil exports help maintain its currency’s value.
UAE Dirham (AED) vs Egyptian Pound (EGP)
Senior Editor: How does the UAE Dirham exchange rate look like?
Dr. Ahmed al-Qassim: The UAE Dirham is purchasing at 13.66 EGP and selling at 13.70 EGP. The UAE’s robust economic diversification and stable political framework contribute to the Dirham’s steady value.
Qatari Riyal (QAR) vs Egyptian Pound (EGP)
Senior Editor: Lastly, what can you tell us about the Qatari Riyal?
Dr. Ahmed al-Qassim: The Qatari Riyal stands at 12.74 EGP for purchase and 13.80 EGP for sale. Qatar’s advanced economic and infrastructure projects, especially with its focus on natural gas, lend support to its currency’s strength.
Conclusion
Through this insightful conversation with Dr. Ahmed al-Qassim, we have gained a comprehensive understanding of the current foreign exchange rates affecting the Egyptian Pound.These rates, published on the Nafeza Platform, highlight the dynamic interplay between geopolitical developments and economic policies of various countries. By tracking these rates and analyzing their implications, investors and businesses can make more informed decisions in the volatile foreign exchange market.
