Convert United States Dollar to Egyptian Pound
Please provide values below to convert United States Dollar [USD] to Egyptian Pound [EGP], or Convert Egyptian Pound to United States Dollar.
How to Convert United States Dollar to Egyptian Pound
1 USD = 0.0203775553454403 EGP
Example: convert 15 USD to EGP:
15 USD = 15 × 0.0203775553454403 EGP = 0.305663330181605 EGP
United States Dollar to Egyptian Pound Conversion Table
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt, used for all monetary transactions within the country.
History/Origin
The Egyptian Pound was introduced in 1898, replacing the Egyptian piastre, and has undergone various reforms and decimalization over the years to modernize the currency system.
Current Use
Today, the Egyptian Pound is the primary currency in Egypt, issued and regulated by the Central Bank of Egypt, and is used in everyday transactions, banking, and trade.