NewsCase StudiesEvents

Foreign Exchange in Egypt


Foreign Exchange in Egypt

Recent forum posts


  1. Fresh cut bank instruments for lease and sales

    We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrume

    Total Posts: 1 Last post by devdutt12

  2. Anyone is looking for a English & Mandarin-speaking employee?

    I'm a 25-year-old English Journalism graduate from Hong Kong looking to work for existing or potential foreign companies in China.I speak fluent English, Mandarin and Cantonese, and have a well understanding about different markets (eg. China, Hong Kong, Australia) due to my international exposure in the past years.Please do not hesitate to contact me by email on s

    Total Posts: 1 Last post by blinkblinkclean

Foreign Exchange in Egypt

Foreign exchange is, simply, the trading of one kind of currency for another. The foreign exchange market has no central exchange, and is run primarily 'over-the-counter' by banks, companies and ordinary people who are constantly trading currencies. Investors and entrepreneurs can respond instantly, 24 hours a day, to changes in the foreign exchange market, which are invariably affected by economic, social and political occurrences.

There isn't a single exchange rate, but rather a number of different rates or prices depending on what banks or market makers are trading, and where they are doing so.

Among others, the main participants in the foreign exchange market are:

  • Banks
  • Commercial companies
  • Hedge funds
  • Foreign exchange brokers
  • Investment management companies

Factors which influence the foreign exchange market are:

  • Economies
  • Government deficits or surpluses
  • Trade levels and trends
  • Inflation levels and trends
  • Economic growth and health
  • Political Conditions
  • Market Psychology
  • Speculation

In order to obtain a good deal on the exchange using a currency broker is advisable. Not only can a currency broker provide a competitive exchange rate, they don't have the excess costs of high street bureaus or banks.

You can also use a 'watch' service, which allows you to set a target exchange rate, and, once that rate is reached, your broker will exchange the currency for you. Exchange rates fluctuate every minute and hour of the day, and a broker will always have their finger on the pulse, ensuring you get the best deal at the right time.

Click here to Ask an Expert about Foreign Exchange in Egypt

Organisations that can assist with Foreign Exchange

  • > International Payments

    How to make international payments for free Simply register online and follow our straightforward booking process.

    More Details Visit Website
  • > AFEX

    AFEX are one of the world’s largest currency exchange specialist and a trusted business partner for over 25,000 clients globally, with a heritage that dates back to 1979.

    More Details Visit Website
  • > WorldRemit

    WorldRemit provides a quick, secure and cost-effective money-transfer service to more than 100 countries around the world.

    More Details Visit Website
  • > FC Exchange

    Straight talking experts in foreign exchange, we provide fast, efficient and secure international transfer solutions, over the phone and online. Solutions that deliver bank beating exchange rates, manage currency market fluctuation risks and help our clients boost their returns.

    More Details Visit Website
  • > HiFX

    The Currency Specialists!Sign up for your FREE account today!

    More Details Visit Website
  • > TorFX

    TorFX is an independent foreign exchange specialist

    More Details Visit Website
  • > Looking for funding to startup overseas?

    Does your business need finance to trade internationally?

    More Details Visit Website

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.