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

For shops, stalls and pharmacies it's better to have pounds; exchange euros for pounds officially at ATMs or exchange offices at the official rate — more favorable than exchanging with street vendors.

Euros are also widely accepted, including by local travel agencies — no need to worry; if a particular vendor refuses, you can always exchange euros for pounds at an ATM if needed.

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.