1 EUR to EGP - Convert Euro to Egyptian Pound

Looking at the 30-day window, the EUR/EGP pair traded in a range of 60.0070 to 62.9964. The monthly average was 61.5747 with 1.49% volatility. The relatively low volatility indicates stable trading conditions for the EUR/EGP currency pair.

The current mid-market exchange rate is 1 EUR = 59.9483 EGP, updated as of June 12, 2026, 7:15 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Euro to Egyptian Pound Exchange Rate

EUR/EGP connects the Eurozone with Egypt, the Arab world's most populous country and a major tourist destination for Europeans. Germany, Italy, and France are among Egypt's top trading partners, and millions of European tourists visit Cairo, Luxor, and Sharm el-Sheikh every year. The pair has moved dramatically as the Egyptian pound underwent multiple devaluations between 2022 and 2024.

The Red Sea Holiday Rate

Egypt's Red Sea resorts at Hurghada and Sharm el-Sheikh are among the most popular winter sun destinations for European tourists, particularly from Germany, the UK, Poland, and the Czech Republic. Charter flights from European cities fill these resorts year-round, with millions of visitors spending euros that are converted to Egyptian pounds. The tourism sector brings in over $13 billion annually, making it one of Egypt's top foreign currency sources alongside Suez Canal tolls and remittances. As the pound devalued from about 17 to over 50 per euro between 2022 and 2024, European tourists found their holiday budgets stretching much further. A dinner that cost 500 EGP went from roughly 29 euros at the old rate to about 10 euros at the new rate. This dramatic cheapening has actually boosted European tourist arrivals, creating a feedback loop where the weak pound attracts more visitors whose spending supports the economy. For European tour operators and hotel chains with Egyptian properties, EUR/EGP determines both pricing strategy and profit margins on their Egyptian operations.

What Drives the EUR/EGP Rate

Central Bank of Egypt policy, Suez Canal revenue, tourism flows, IMF program compliance, European economic data, and ECB rate decisions all drive the pair. The pound's managed float means the CBE can influence the rate through intervention and policy signals. EUR/EGP effectively combines EUR/USD and USD/EGP dynamics, so both European and Egyptian factors feed into it.

What a Conversion Really Costs

Banks charge 2-5% on EUR/EGP. In Egypt, exchange offices offer 1-2.5%. For European tourists, using a no-fee card in Egypt provides better rates than exchanging cash at hotels or airports. Digital transfer services charge 0.5-2% for remittances. The wide spreads reflect the pound's ongoing volatility and the gap between official and market rates that persists during adjustment periods.

How to Get the Best EUR to EGP Rate

Check the mid-market rate on this page before converting. In Egypt, city-center exchange offices beat banks and hotels. Use a no-fee card for purchases where possible. For transfers, digital services are cheapest. Avoid converting large amounts during periods of rate instability when spreads widen significantly.