Egypt is a fairly easy country to send money to when comparing to other destinations. The companies that operate in Egypt are some of the best available around money transfer industry. If you are looking for an easy, fast, cheap way to transfer funds online to Egypt, you won’t have a particularly difficult time.
The current exchange rate for the Egyptian Pound (EGP) is 0.9045 per American Dollar (USD). The EGP reached a high of 16.1504 EGP per USD and a low of 16.1290 EGP per USD during the last 90 days. The average exchange rate for the last 90 days was 16.3172 EGP per USD.
The EGP had an average volatility rate of 0.18% over the last 90 days. This is relatively low volatility, though it should be noted the EGP took a slight dip against the USD earlier in 2019. Going forward, you can reasonably expect only minor fluctuations to continue, barring any unforeseen circumstances.
The fastest way to transfer money online to Egypt is through Ria Money Transfer’s fast option. Ria Money Transfer’s fast service will see to it that your money arrives in Egypt in a matter of minutes. It is also a very cheap service, given how fast it is. Ria Money Transfer’s fast service usually costs far less than the slower competition.
The only real competition to Ria Money Transfer’s fast service in Egypt is Western Union’s. While Western Union’s fast service should be about as fast as Ria Money Transfer’s, they usually charge over twice as much, depending on the country you are sending from and the amount being transferred.
The cheapest way to send cash online to Egypt is through OFX. OFX is a currency exchange company that can send money internationally. They have a unique offer that keeps them extremely affordable, especially when you are planning to send a lot of money in a short span of time. OFX charges you based on the amount of money you send. If you send the minimum transaction amount, you will pay around 1%, and if you send a huge sum of money, you will pay around 0.4%. These rates are simply the best in the market for Egypt.
The easiest way to transfer money online to Egypt is through TransferWise. TransferWise is a peer-to-peer money transfer system that makes sending money simple. All you need to do is punch in the amount of money you need to send and its destination. Beyond that, all you need to do is pay them for the transaction and wait a day or two for your money to reach its Egyptian destination.
The overall best way to send money to Egypt is through TransferWise. With TransferWise, you simply get the most well-rounded deal available. TransferWise is relatively cheap, and it is very easy to use. When it comes to waiting times, they also perform at better than average levels.