Egyptian Pound to Qatari Riyal

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Egyptian Pound to Qatari Riyal

The Egyptian Pound (EGP) to Qatari Riyal (QAR) exchange rate is more than just a number on a screen it reflects macroeconomic trends, geopolitical dynamics, foreign reserves, and trade flows between Egypt and the Gulf region. Whether you’re a traveler, remitter, business owner, or investor, understanding today’s EGP to QAR rate, recent trends, and the forces driving them can help you make smarter decisions around currency conversion and timing.

Current Exchange Rate Snapshot

As of mid-July 2025, the mid-market rate stands at approximately1 EGP = 0.0739 QAR, meaning 100 Egyptian Pounds would be worth about 7.39 Qatari Riyals.

Rate Range and Averages

  • 30‘day high: 0.0739 QAR
  • 30‘day low: 0.0718 QAR
  • 30‘day average: 0.0732 QAR
  • 90‘day high: 0.0744 QAR
  • 90‘day low: 0.0713 QAR
  • 90‘day average: 0.0728 QAR

These figures highlight modest volatility, indicating a fairly stable relationship between the Egyptian Pound and Qatari Riyal over recent weeks.

History and Trend Analysis

Compared to previous years, the Egyptian Pound was historically stronger trading far above 0.10 QAR in past decades. However, during the 2023–2024 financial crisis, Egypt floated its currency, resulting in almost 40% depreciation against major currencies, including the Qatari Riyal.

Following stabilization in late 2024 courtesy of IMF support, foreign direct investment from the UAE, and economic reforms the EGP has found a new equilibrium in the range of 0.072–0.074 QAR.

Factors Driving the EGP–QAR Exchange Rate

Economic Policies in Egypt

In response to exchange-rate pressure, the Central Bank of Egypt withdrew its currency peg, paving the way for floatation. This shift introduced volatility but allowed the pound to find its natural market value. Inflation control and rising interest rates are now key for managing EGP’s stability.

Qatar’s Peg to the Dollar

The Qatari Riyal remains tightly pegged to the US dollar at QR3.64 = $1 ,

Trade and Remittances

Large-scale infrastructure and investment ties between Egypt and Gulf countries, especially Qatar, have created demand for currency conversion. Workers in Qatar often send money back home, requiring QAR to EGP conversions that support foreign currency inflows and reduce EGP volatility.

Macro Risks and Political Stability

Egypt’s post-crisis reforms and resumed diplomatic ties with Qatar have reduced uncertainties. These developments have promoted stability in the EGP–QAR exchange rate.

Implications for Different Users

  • Travelers: An individual exchanging 1,000 EGP will receive around 73.9 QAR at current rates.
  • Remittances: Senders benefit from this stable rate, though banking margins may slightly reduce what recipients get.
  • Businesses: Importers or exporters trading between Egypt and Qatar can better forecast costs and revenues due to current rate stability.
  • Investors & Forex Traders: While large overnight moves are rare, macroeconomic news like inflation or central bank changes can spark noticeable fluctuations.

Tips for Currency Conversion

  • Track exchange rates using reliable services like Wise or XE.
  • Set alerts for favorable fluctuations around the 0.073–0.074 QAR range.
  • Compare mid-market rates to the actual rates banks offer to understand hidden fees.
  • Factor in bank commissions or send fees when planning conversions.
  • Consider timing conversions when EGP shows slight strengthening within its recent trading range.

Potential Outlook

As long as Egypt maintains economic reforms, manages inflation, and secures foreign investments, the Egyptian Pound should remain relatively stable around 0.072–0.074 QAR. However, persistent pressure from inflation or global shocks may introduce volatility. Meanwhile, the Qatari Riyal’s peg to the USD provides a steady anchor to the currency pair.

With 1 EGP trading at about 0.0739 QAR and minor fluctuations observed in the past month, the EGP–QAR pairing remains steady. Understanding its historical context, economic influences, and practical implications helps individuals and businesses make better currency decisions. Monitoring mid-market rates and comparing them with banking options ensures more transparent and cost-effective conversions. Whether you’re planning transactions between Egypt and Qatar, travel arrangements, or forex trades, staying informed about the EGP–QAR rate is essential for effective financial planning.

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