Today's EGP to USD Price Update

Summary

This report provides the real-time exchange rate between the Egyptian Pound (EGP) and the U.S. Dollar (USD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Egyptian Pound (EGP) is the primary fiat currency of Egypt, while the U.S. Dollar (USD) remains one of the world’s most dominant reserve currencies. The exchange rate between them reflects not only the market’s perception of the Egyptian Pound’s value but also investor confidence in Egypt’s monetary stability and economic fundamentals.

Today’s Price

• 1 EGP = 0.0213 USD
• 24h High: 0.02133 USD
• 24h Low: 0.021001 USD

Market Analysis

Recently, the EGP/USD pair has been influenced by monetary policy stabilization efforts and Central Bank of Egypt policies, showing a gradual weakening trend of the Egyptian Pound against the USD.

• Technical levels: Key support at 0.02105 USD, resistance at 0.02135 USD
• Moving averages: The 50-day moving average stands at 0.02135, indicating a sell signal; Fibonacci pivot point performance value at 0.02134
• Risk note: Continued USD strength and potential foreign currency pressures could drive further depreciation
• Trading opportunities: Watch for potential consolidation in the 0.021–0.02135 range and monitor for breaks below 0.021 support levels

Conclusion

Continue to monitor the EGP/USD pair closely, integrating technical indicators with Egypt’s fiscal reforms and foreign inflow dynamics. For short-term traders, focus on range trading between established support and resistance zones. For longer-term observers, track the gradual depreciation trajectory expected through 2026 as monetary conditions evolve.