The local currency used is the Egyptian Pound (EGP). The Egyptian Pound is divided into 100 piasters. Prices can be shown in either pounds (EGP 2.00) or piasters (200 PT). Most hotels have a bank on the premises for your convenience. The hotel banks offer a fixed rate of exchange. There are also banks located in most cities in Egypt. Make sure to take your passport with you when exchanging money. Most hotels, restaurants, and souvenir shops do accept credit cards. Using your credit card within the local markets (among vendors) is not advisable.
Egypt is quite a cheap country when compared to many other popular tourist destinations. The following guide will give you an idea of how much money to allow for daily travel costs.
Currency ExchangeApproximate current exchange rates for the Egyptian Pound (EGP) are as follows (as of Sep 2010):
Egypt is quite a cheap country when compared to many other popular tourist destinations. The following guide will give you an idea of how much money to allow for daily travel costs.
| Example | Cost in Egypt |
|---|---|
| Water - 1.5 litres | EGP 3.00 |
| Main Meal | EGP 30 - 40 |
| Taxi ride (10 minutes) | EGP 7.00 |
| Alcohol - 1 Beer | EGP 10 - 15 |
Currency ExchangeApproximate current exchange rates for the Egyptian Pound (EGP) are as follows (as of Sep 2010):
| Example | Cost in Egypt |
|---|---|
| 1 USD | EGP 5.70 |
| 1 CAD | EGP 5.52 |
| 1 EURO | EGP 7.45 |
| 1 AUD | EGP 5.35 |
| 1 NZD | EGP 4.15 |
| 1 GBP | EGP 8.93 |
| 1 BRL | EGP 3.31 |