Where to exchange USD for Egyptian pounds in Sharm El Sheikh (best rates)?

Compare the hotel’s rate as well: in a recent experience, exchanging USD 100 at the hotel was more favorable than at an exchange point near Fixed Price.

In the Gomla (Old Market) area there are small exchange booths offering better rates than hotels. Signs are in Arabic, so it helps to ask a local for assistance — a $1 tip is usually enough.

It's better to buy USD before the trip and exchange it for Egyptian pounds on arrival — local exchange rates for USD are more favorable than exchanging other currencies directly.

Occasionally fellow tourists staying at the same hotel may lend or exchange cash USD in an emergency, but this isn't a reliable option — just a rare favor between travelers.

Some newly arrived tourists exchange cash informally between themselves at very unfavorable rates — this practice should be avoided since the exchange rate is far below market value.