Need help and advice concerning forex of EGP vs. USD
Hey there! I am working on this project to understand the relationship of the Egyptian Pound vis-a-vis the US Dollar. I need to look at the data for the last 18 years - any idea where I can get the closing prices for that period? I hope this is the right forum to post for this, I am just looking for information - so in case if I am doing something wrong, let me know that too :)
I have a QNB account (USD account and EGP account) and I would like to start trading Forex. I'm using a Forex broker called AvaTrade. My Avatrade account is setup on Avatrade's side but QNB kept declining when I would send money from my USD debit card to my Avatrade account (so I can start trading). After a month of trying to understand why, finally someone from customer service had the answer; Dating websites and Forex are blocked by QNB. I tried a lot of different banks and asked them all, and they all said Forex was blocked by those respective banks. I still have doubt about these accusations. My question now is, if I try to send Avatrade from my debit card it will get blocked for sure, what if I wire money to my Avatrade account? would that make a difference? I have hope that wiring maybe different than sending through visa. Thank you.
Price Increase & Decrease (YES you read that right!) for Affected Countries
Full data available here. Prices listed are for the Android version. iOS prices will be similar but may not be entirely the same since Apple uses a different pricing matrix. Countries in bold see a price increase; countries not in bold see a price decrease.
OLD 50 Gems
OLD 86 Gems
OLD Per Gem
NEW 50 Gems
New 86 Gems
New Per Gem
Now before anyone starts crying bloody murder over Nigeria and Egypt, let me try to explain the drastic price increases. Strong downward macroeconomic pressure on Nigeria's currency, the Naira, meant that the Nigerian Central Bank was unable to protect its currency's pegged value to the Dollar. On June 20 this year, the Central Bank abandoned the pegged value, allowing the Naira to float and plummet ~40%. Similarly, the Egyptian government devalued the Egyptian Pound on November 3, abandoning its previous peg of 8.8 XUSD. Hence the new prices are in line with forex trends, albeit late. Remember the Ukrainian loophole? Arbitrage opportunities often arise when merchants fail to adjust overseas prices accordingly in a timely fashion. Maybe KLab hired a new intern to read the newspapers? All the other price changes listed here are also in line with current forex trends. Of course KLab never seems to want to lower the prices in countries where love gems are overpriced, e.g. Australia.
In finance, an USD to EGP exchange rate is the US Dollar to >Egyptian Pound rate at which US Dollar to Egyptian Pound will be exchanged for another. It is also regarded as the value of USD to EGP in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for each US$1 or that US$1 will be exchanged ... USD/EGP (USDEGP) rate forecast is 28.733. The (USDEGP) currency rate prediction is 28.733 USD for 2021 September 27, Monday; and 112.113 for 2025 September 27, Saturday with technical analysis. Trade EGP/USD with confidence with live rates and charts from DailyForex. Stay on top of the market and your favorite pairs in one convenient place. Forex Reviews & News. ... Forex Trading Courses. Want to get in-depth lessons and instructional videos from Forex trading experts? Register for free at FX Academy, the first online interactive ... 30 EGP to IDR exchange rate Sep, 2020 The Egyptian pound (Egyptian Arabic: جنيه مصرى Genēh Maṣri [ɡeˈneː(h) ˈmɑsˤɾi]; sign: E£, ج.م; code: EGP) is the currency of Egypt. It is divided into 100 piastres, or ersh (Egyptian Arabic: قرش [ʔeɾʃ]; plural قروش [ʔʊˈɾuːʃ]), or 1,000 millimes (Egyptian ... USD EGP Exchange Rate. This is the live USD EGP rate forex data page, displaying the FX price for the USD/EGP. The FX rate self-updates every few seconds. Compare exchange rates with base currency USD with the second table of results.
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