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Monthly exchange rate of the Egyptian pound to the U.S. dollar from June 2019 to June 2021

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Sources

Release date

August 2021

Region

Egypt

Survey time period

June 2019 to June 2021

Supplementary notes

The figures have been rounded and taken from several publications.

Citation formats

Monthly exchange rate of the Egyptian pound to the U.S. dollar from 2019-2021

Published by K. Scholle, Aug 22, 2021
As of June 2021, one U.S. dollar was worth on average Egyptian pounds. Overall, the monthly exchange rate dropped during the period under review, with its highest in June 2019 at Egyptian pound per U.S. dollar. The lowest level was recorded in December 2020 at Egyptian pound per U.S. dollar. In November 2016, the Central Bank of Egypt (CBE) floated the Egyptian pound which caused the value of the currency to drop then by almost ** percent. This was part of an attempt to stabilize the economy and shortages in foreign currency inflows as well as increasing the competitiveness of Egyptian exports through a lower valued currency.
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