One of the most common questions from first-time travellers to Egypt is, “How do I exchange money in Hurghada?” In this guide, we’ll answer some of the most frequently asked questions about currency exchange for first-time visitors to Hurghada and Egypt.

Currency Used in Hurghada, Egypt

The official currency in Hurghada, Egypt is the Egyptian Pound (EGP), which, at the time of writing, is equivalent to around 54 Egyptian Pounds per €1 Euro. In many tourist spots across Egypt, including Hurghada, other foreign currencies like USD, EUR, and GBP are generally accepted.

Different bills of the Egyptian Pound

However, it’s advisable not to spend your home currency in Egypt, as this opens the door to scams and poor exchange rates, especially for smaller purchases like meals at restaurants or a bottle of water from a local mini-market.

Where to Exchange for EGP

Banks usually offer the most up-to-date exchange rates, as determined by the Central Bank of Egypt. However, they can be tricky to deal with due to limited opening hours, long queues, and the need to take a taxi to find one.

CIB Bank

A more convenient option in Hurghada is to use foreign exchange offices, which are located all around the city. These are often operated by local banks and provide rates set by the Central Bank, ensuring fair exchanges. You’ll always receive a receipt detailing the amount exchanged and the rate applied.

Cairo Exchange in Sheraton Street – A good place to Currency Exchange in Hurghada

Many hotels also offer currency exchange services, but it’s best to check the current exchange rate before proceeding, as hotel rates can sometimes be less favourable than those offered by banks.

How to Avoid Getting Scammed

Before exchanging currency anywhere, it’s essential to check the current rate of the Egyptian Pound. A quick Google search for ‘EUR to EGP,' ‘USD to EGP,' ‘GBP to EGP,' or any other currency will give you the most up-to-date rates. Exchange rates can fluctuate, so it’s worth checking just before making any transaction.

EUR to EGP rate in October 2024

ATMs in Hurghada

Another highly convenient way to get local currency is by using ATMs. There are plenty around Hurghada, particularly in hotel lobbies and outside major establishments. ATMs are available 24/7, making it easy to exchange money at any time.

NBE ATM found in a hotel lobby

One small downside is that sometimes the ATM won’t dispense coins or small change, so your withdrawal might be short by a few Egyptian pounds. But hey, it’s hardly going to break the bank—just think of it as the ATM’s tip!

Currency Exchange Tips

• Exchanging money at the airport: Airport exchange desks often offer poor rates. It’s wise to check the rate online before exchanging any money at the airport.
• Using credit or debit cards: You can use your home currency credit or debit card in Hurghada, though there may be minor fees added by your bank. Always use your credit card when possible, as it usually offers better protection against fraud compared to a debit card. Check your bank’s website for details on international transaction fees.
• Keep your receipts: Always keep receipts from currency exchange offices or ATM. These may come in handy for verifying transactions or in case of any discrepancies.

Paying in Cash

Cash is widely accepted across Hurghada, and unlike some European countries, it’s perfectly fine to pay larger sums in cash. From taxi fares to dining out or grabbing a quick snack, cash is the most practical way to pay. However, avoid carrying too much cash on you—while Hurghada is generally very safe, it’s always smart to leave most of your money securely locked in your hotel safe and only carry what you plan to spend.

Tipping in Hurghada

Tipping is commonplace in Hurghada, and cash is definitely the preferred method. When you tip in cash, the person you’re rewarding gets the full amount directly, unlike card payments, where it might take time or go through a system first. So, cash ensures they receive exactly what you intend, right on the spot.

Online Payments in Hurghada

If you’re using apps like Uber or ordering food online, it’s safe to use your credit card, as these platforms are regulated by the Central Bank of Egypt. Just make sure to check with your bank for any additional fees that might apply when using your card abroad.

With these tips in mind, you should find currency exchange in Hurghada straightforward, leaving you free to enjoy your holiday without any financial headaches!