AED to EGP Exchange Rate History — Egyptian Pound Trend
Historical AED to EGP mid-market reference rates. The current reference rate is approximately 13.5 EGP per 1 AED. This page covers the March 2024 EGP devaluation and the post-IMF stabilisation through 2025–2026. Rates are indicative editorial snapshots — verify with your provider before sending.
Rate disclaimer: Rates are indicative editorial estimates. Always verify the live rate with your transfer provider before transacting.
AED/EGP Monthly Rate Snapshot — 2026
Indicative mid-market monthly snapshots. Not a guaranteed or verified live rate.
Rates are indicative editorial snapshots, not verified live data. Always verify with your provider.
Egypt March 2024 Devaluation — Full Context
Egypt's March 2024 currency devaluation was a landmark event that dramatically changed the AED to EGP rate for UAE senders. Here is the full timeline:
2021–2022: USD/EGP was managed at around 15–19. AED to EGP approximately 4–5.
2022: First devaluation — EGP moved from 15 to 24 per USD as Egypt faced FX pressure from the Russia-Ukraine war fallout (Egypt is a major wheat importer and lost Russian tourism).
2023: Parallel market emerged — official rate stayed ~30 while black market traded at 50+. AED to EGP official rate ~8.
March 6, 2024: Central Bank of Egypt (CBE) announced a move to a flexible exchange rate, raising the rate to ~47-50 per USD overnight. This was a condition of Egypt's $8 billion IMF Extended Fund Facility.
Post-March 2024: AED to EGP rate jumped from ~8 to ~12.5–13.5 as the EGP found its market level. The parallel market premium disappeared.
2025–2026: EGP has been broadly stable at 47–50 per USD. AED to EGP has held around 13–13.5.
Why Does AED to EGP Rate Change?
The AED is fixed to the USD at 3.6725 AED per USD. All AED/EGP movements reflect USD/EGP changes. The EGP is now managed under a flexible rate by the Central Bank of Egypt and influenced by:
IMF programme compliance: Meeting IMF structural benchmarks is critical to EGP stability.
Suez Canal revenues: A major USD earner for Egypt. Red Sea shipping disruptions (2023–2024) cut revenues sharply.
Tourism: European and Gulf tourists are a key FX source. Strong seasons support EGP.
Remittances: Egyptian diaspora in UAE, Saudi Arabia, and Kuwait send significant remittances home — supporting EGP.
GCC investment: UAE, Saudi Arabia, and Qatar have committed large investment packages to Egypt, providing USD inflows.
Frequently Asked Questions
What was the AED to EGP rate in 2024 vs 2026?
Before March 2024 the rate was ~8 EGP per AED. After the March 2024 devaluation it jumped to ~12.5–13.5. In 2026 it is approximately 13–13.5 EGP per AED, showing the EGP has broadly stabilised at post-devaluation levels.
Why did the Egyptian Pound drop in 2024?
Egypt moved to a flexible exchange rate in March 2024 as part of an $8 billion IMF deal. The EGP immediately weakened from ~30 to ~47 per USD. Structural causes included a current account deficit, falling Suez Canal revenues, and reduced remittances in 2023.
Is EGP stable now in 2026?
Broadly yes. The EGP has been stable in the 47–50 per USD range through 2025–2026. IMF programme progress and GCC investment support have helped. However, EGP remains vulnerable to regional events and global risk factors. Always verify the live rate before sending.