Egyptian pound exchange rates

worried_jim

Guys I am in Egypt and yesterday I was getting 11LE to the £1. I've checked today and I am being offered 19.53LE (MasterCard rate via Revolut) , I've checked a couple of sites and they are quoting similar rates, before I go shopping mental tonight does anyone know what has happened?

London50

See below it MAY answer your question

http://money.cnn.com/2016/11/03/news/economy/egypt-pound-devaluation-bailout/

worried_jim

London50 wrote: »

See below it MAY answer your question

http://money.cnn.com/2016/11/03/news/economy/egypt-pound-devaluation-bailout/

Thanks! This makes sense, I just fear when I get to the ATM it will be either empty or out of action. If I do get some cash it will be fun and games in the shops, bars and restaurants tonight.

worried_jim

Got 19.6LE to the £ from the ATM via Revolut, cheeky machine offered dynamic currant conversation at 11.8LE, good job I'm switched on. Have just eaten like a king for £15.

dickydonkin

For those who want creative routings to Asia and the US, you can currently get crazy first and business class fares from Cairo/Luxor (via Doha) with Qatar Airways.

Los Angeles in business for around 800 GBP
Bangkok in First for around 1000 GBP.

PompeyPete

worried_jim wrote: »

Got 19.6LE to the £ from the ATM via Revolut, cheeky machine offered dynamic currant conversation at 11.8LE, good job I'm switched on. Have just eaten like a king for £15.

I bow to thee Sire, such good fortune is rare indeed in these troubled times.:)

worried_jim

5x 50g pouches of tobacco was £16 at the duty free so i will be banging a few of those out tomorrow at work on the cancer veranda.

There was a Scouser in the queue in front of me buying well over the legal limit and the chap on the till was trying to explain that if he paid in LE it would be cheaper due to the devaluation, he was having none of it. A few hours later I saw him again stopped in Gatwick customs, he had it all in the shop see through bag! Muppet!

Great value for money, I've never experienced anything like this currency wise, got plenty left over for next year, might go back as early as February.

bigadaj

Well it's a,ways useful to have some Egyptian currency in the unlikely event you might be staying there for longer than you originally planned.

jonesMUFCforever

To add to the above posts - some banks now have suspended trading in Egyptian pounds - so my advice is not to bring any back with you as you will be stuck with them.

stephb34

Thomas cook stopped buying any back from customers about a month ago unless you had bought them from TC in the first place and you had to have your receipt.

dawyldthing

My friends kept it as apparently he got 10 egyptian to the pound before leaving the UK and now it's only worth 4 egyptian to the pound