Should I exchange money to Egyptian pounds in Sharm el-Sheikh, and where to do it?

For everyday spending — taxis, pharmacies, groceries — Egyptian pounds are the better choice, as vendors heavily round up dollar prices. Tours are conveniently paid in dollars, while tips are happily accepted in pounds.

At the grocery store in Senzo Mall, payment is accepted in Egyptian pounds only — dollars are not accepted.

Egyptian pounds are accepted everywhere, including taxis. The current exchange rate is approximately 1 USD = 52 EGP.

You can exchange dollars or euros for pounds right at the airport upon arrival — convenient for first-time visitors who want local cash immediately for taxis and small purchases.