Monthly exchange rate of the Egyptian pound to the U.S. dollar from 2019-2021

As of June 2021, one U.S. dollar was worth on average 15.75 Egyptian pounds. Overall, the monthly exchange rate dropped during the period under review, with its highest in June 2019 at 16.82 Egyptian pound per U.S. dollar. The lowest level was recorded in December 2020 at 15.59 Egyptian pound per U.S. dollar. In November 2016, the Central Bank of Egypt (CBE) floated the Egyptian pound which caused the value of the currency to drop then by almost 50 percent. This was part of an attempt to stabilize the economy and shortages in foreign currency inflows as well as increasing the competitiveness of Egyptian exports through a lower valued currency.