Are you planning a trip to Egypt and wondering how far your money will stretch? Understanding the local currency and costs can make a significant difference in your travel experience. This article breaks down everything you need to know about money and costs in Egypt, from the Egyptian pound and exchange rates to daily expenses and budgeting tips. By the end, you’ll have a comprehensive guide to help you navigate financial aspects and maximize your budget while exploring this fascinating country. Dive in to make the most of your Egyptian adventure!

Understanding the Egyptian Pound and Currency Exchange

The Egyptian pound (EGP) is the official currency of Egypt. As of January 2024, the exchange rate stands at $1 = 31 Egyptian pounds. Egyptian banknotes come in various denominations: 1, 5, 10, 20, 50, 100, and 200 pounds. These notes are commonly used for everyday transactions, with smaller denominations being handy for minor expenses and tips. Coins are less frequently used but are available in smaller denominations like 1, 2, and 5 pounds.

Currency exchange is widely accessible in Egypt. You can exchange foreign currency at banks, exchange bureaus, and even some hotels. It is advisable to compare rates before exchanging large amounts, as different places may offer better rates. ATMs are widespread in urban areas and tourist destinations, providing a convenient way to withdraw local currency. When using ATMs, be aware of potential withdrawal fees, which can vary depending on your home bank and the ATM operator.

CurrencyExchange Rate
USD31 EGP
EUR33 EGP
GBP37 EGP

Daily Expenses and Budgeting Tips for Egypt

The average daily cost of traveling in Egypt is approximately $22.72 USD (131 LE). This figure can vary depending on individual spending habits, but it provides a solid baseline for budgeting.

  • Food: Traditional meals range from $1 to $2 per meal.
  • Transportation: White taxis are affordable at 15-20 LE for a 30-minute ride.
  • Accommodation: Hostel dorms can be as low as $5 per night, while mid-range hotels can cost around $50 per night.
  • Activities: Simple day tours cost around $30, while more comprehensive tours, including entrance fees and meals, can be up to $50.
    To manage expenses effectively in Egypt, consider the following budgeting tips:
  • Dining at local eateries and street food stalls: This can significantly reduce your food costs while providing a taste of authentic Egyptian cuisine.
  • Using public transportation: Buses and the Cairo Metro are cost-effective alternatives to taxis and rideshares.
  • Booking accommodations in advance: This often results in better rates, especially during peak tourist seasons.
  • Choosing budget accommodations: Hostels and budget hotels offer substantial savings compared to higher-end hotels.
  • Bargaining at local markets: When shopping for souvenirs, bargaining is a common practice and can help you get better deals.
  • Avoiding peak tourist seasons: Traveling during off-peak times can lead to lower prices for accommodations and activities.
    By following these tips, travelers can enjoy a rich experience in Egypt without overspending.

Accommodation Costs in Egypt

Egypt offers a wide range of accommodation options to suit different budgets and preferences. Hostel dorms are the most affordable option, starting at $5 per night, making them an excellent choice for budget travelers. For those seeking more privacy, private rooms in hostels are available for $35 to $40 per night. Budget hotels, particularly in downtown Cairo, are also a cost-effective option, with prices around $45 per night. Mid-range three-star hotels, which offer more amenities and comfort, are approximately $85 per night. For a more luxurious stay, five-star hotels range from $250 to $500 per night, offering premium services and facilities.

  • Hostels:
    • Dorms: $5 per night
    • Private rooms: $35-$40 per night
  • Budget Hotels: Around $45 per night
  • Mid-Range Hotels: Approximately $85 per night
  • Five-Star Hotels: $250 to $500 per night

Hostels are generally cheaper and offer more value compared to Airbnbs, especially in urban areas. For a curated travel experience and personalized insights, consider planning your stay with Xpat Journeys.

Food and Dining Costs in Egypt

Street food and local dining in Egypt are incredibly affordable, making it easy for travelers to enjoy delicious meals without breaking the bank. Street vendors offer a variety of inexpensive options, with two falafel sandwiches costing around 10 EGP. Local restaurants, where you can savor traditional Egyptian dishes, typically charge between $1 to $2 per meal, providing excellent value for money.

  • Street Food: Two falafel sandwiches – 10 EGP
  • Local Restaurants: Meals – $1 to $2
  • Mid-Range Dining: A meal for two – around $20
  • Groceries:
    • 1 kg of rice – 39 EGP
    • 1 kg of chicken breast – 270 EGP
  • Alcohol:
    • A bottle of Omar wine – 160 EGP
    • A can of Meister beer – 45 EGP
Meal TypeCost (EGP)
Street Food10 EGP
Local Restaurants$1 to $2
Mid-Range Dining20 USD

The affordability of food in Egypt extends to grocery shopping as well. For those who prefer cooking their own meals, 1 kg of rice costs 39 EGP, and 1 kg of chicken breast is priced at 270 EGP. Alcohol is also reasonably priced, with a bottle of Omar wine costing 160 EGP and a can of Meister beer at 45 EGP. These prices make it feasible for travelers to maintain a modest budget while enjoying a variety of culinary experiences in Egypt.

Transportation Costs in Egypt

Egypt offers various transportation options to suit different budgets and preferences. Whether you are traveling within cities or between major destinations, you will find a range of affordable and convenient modes of transport.

  • White Taxis: The most affordable option, costing 15-20 LE for a 30-minute ride.
  • Uber: A ride from Cairo International Airport to downtown Cairo costs around 225 EGP.
  • Go Bus: Fares to various destinations are:
    • Luxor: 240-500 EGP
    • Alexandria: 100-1060 EGP
  • Domestic Flights: Recommended for quicker travel between Cairo and southern destinations like Luxor and Aswan.
  • Subway: Tickets in Cairo are priced at around 6 EGP.

Using public transportation, such as buses and the Cairo Metro, can significantly reduce travel costs. White taxis are also a budget-friendly option for shorter distances. For those seeking more comfort and flexibility, Uber provides reliable and slightly more expensive services.

For longer journeys, Go Bus offers a range of services with different price points, making it a popular choice for intercity travel. Domestic flights are advisable for quicker travel between distant locations, especially between Cairo and southern cities like Luxor and Aswan.

When planning your trip, consider utilizing services like Xpat Journeys for tailored travel planning and expert insights, ensuring a smooth and cost-effective experience.

Budgeting for tourist attractions is crucial when planning a trip to Egypt. The costs can add up quickly, especially if you plan to visit multiple historical sites and museums. Here is a detailed breakdown of the entry fees for some of the most popular attractions in Egypt, along with other relevant costs.

  • Egyptian Museum: Entry costs 450 EGP.
  • Pyramids of Giza: A general ticket for foreigners is 540 EGP.
  • Abu Simbel: Tickets are priced around 600 EGP.
  • Simple Day Tours: Cost approximately $30.
  • Comprehensive Tours: Including entrance fees and meals, can cost up to $50.
  • Felucca Sailboat Trip (2-night, 3-day): Prices vary by provider.
AttractionCost (EGP)
Egyptian Museum450
Pyramids of Giza540
Abu Simbel600

By understanding these costs upfront, travelers can better allocate their budget and make informed decisions about which attractions to prioritize.

Tips for Saving Money While Traveling in Egypt

Traveling to Egypt can be done on a budget if you follow some practical money-saving tips. Effective budgeting ensures you get the most out of your trip without overspending.

  • Dining at local eateries and street food stalls: This can significantly reduce your food costs. Traditional dishes are not only affordable but also offer an authentic taste of Egyptian cuisine.
  • Using public transportation: Buses and the Cairo Metro are cost-effective alternatives to taxis and rideshares. White taxis are also budget-friendly for short trips, making them an excellent option when public transport isn’t available.
  • Booking accommodations in advance: This often results in better rates, especially during peak tourist seasons. Planning your stay ahead of time can save a substantial amount of money.
  • Bargaining at local markets: When shopping for souvenirs, bargaining is a common practice and can help you get better deals. Don’t hesitate to negotiate prices to avoid paying more than necessary.
  • Avoiding peak tourist seasons: Traveling during off-peak times can lead to lower prices for accommodations and activities. This not only saves money but also provides a more relaxed travel experience.

By incorporating these tips into your travel plans, you can enjoy a rich and fulfilling experience in Egypt without straining your budget. For tailored travel planning and expert insights, consider utilizing the services of Xpat Journeys.

Financial Services and Bank Fees in Egypt

Banking services in Egypt are readily available, especially in urban areas and popular tourist destinations. Major banks like the National Bank of Egypt, Banque Misr, and Commercial International Bank (CIB) offer a wide range of services to both locals and tourists.

  • National Bank of Egypt: Provides a variety of banking services including ATM withdrawals, currency exchange, and account management.
  • Banque Misr: Known for its extensive network of ATMs and branches, offering similar services.
  • Commercial International Bank (CIB): Offers advanced banking options, including online banking and mobile apps for easier transaction management.

ATM fees can vary, with some ATMs charging around 50 EGP per withdrawal. Credit cards are widely accepted in urban areas and tourist destinations, making them a convenient option for purchases. Prepaid travel cards are also a good way to manage expenses, as they allow for better control over spending and often come with lower fees compared to regular debit or credit cards. These cards can be loaded with specific amounts, giving travelers the flexibility to budget their funds effectively.

Final Words

Navigating money and costs in Egypt involves understanding the Egyptian Pound, identifying the daily expenses, and knowing how to budget effectively. Managing accommodation, food, and transportation costs can enhance your stay in the country.

Egypt offers affordable travel experiences with various options to suit different budgets. Remember to compare exchange rates, use public transportation, and dine locally to save money.

Travelers can enjoy Egypt’s rich cultural heritage without overspending. Xpat Journeys aids in planning, ensuring a cost-effective and memorable trip.

FAQ

Q: How much money do I need to bring to Egypt?
A: In Egypt, the average daily cost for a traveler is around $22.72 USD (131 EGP). Bringing $160-$200 per week should cover moderate expenses, including accommodation, food, and some activities.
Q: How much for 1 week in Egypt?
A: A one-week trip to Egypt can cost approximately $159.04 USD ($22.72 daily) if you opt for budget accommodations, local meals, and affordable transportation methods.
Q: How much does a meal cost in Egypt?
A: Meals in Egypt are affordable. Street food meals typically cost around $1, local restaurant meals range from $1 to $2, and a mid-range meal for two can be around $20.
Q: Is it expensive to go Egypt?
A: Traveling to Egypt is generally affordable. Daily expenses, including accommodation, food, and transportation, average about $22.72 USD per day, making it an economical destination for travelers.