Where to exchange money in Sharm El Sheikh
If you’re planning a trip to Sharm El Sheikh, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Sharm El Sheikh. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Where to exchange money in Sharm El Sheikh
If you’re planning a trip to Sharm El Sheikh, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Sharm El Sheikh. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Spend abroad without hidden fees
Currency exchanges in Sharm El Sheikh
If you have a need to use cash, here are some recommendations to exchange foreign currency in Sharm El Sheikh.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
| Money Changer | Address | Contact Information |
|---|---|---|
| Misr Exchange | V78W+6C6، Commercial Market، EL SOUK EL KADIM، SHARM EL SHEIKH، South Sinai Governorate 8761135, Egypt | +20 69 3665157 |
| El Sabah For Exchange | W85F+W9P، خليج نعمة، شرم الشيخ، محافظة جنوب سيناء 8763014, Egypt | +20 69 3600063 |
| Nile Exchange | Al Souk Al Togari Al Kadim Rd, Sharm Al Shiekh, South Sinai Governorate 8761135, Egypt | +20 69 3603914 |
| Western Union | 2CCM+6X6, Second Sharm Al Shiekh, South Sinai Governorate 8753401, Egypt | |
| NBE ATM - Al Ahly Exchange - Sharm El Sheikh - الأهلى للصرافة - شرم الشيخ | Naama Bay، 12 شارع السلطان قابوس، خليج نعمة, Sharm Al Shiekh, South Sinai Governorate 8763022, Egypt | |
| Arab African International Bank - Western Union | Inside Hyatt Regency، El Salam Rd، Second Sharm Al Shiekh, البحر الأحمر 8763310, Egypt | +20 69 3620332 |
| Arab African International Bank - Western Union | El Bowling St Mall 14, Naama bay، Sharm Al Shiekh, South Sinai Governorate 46511, Egypt | +20 69 3600128 |
| Arab African International Bank - Western Union | Al Fanar St IL Mercator Mall, Hadbat, Om El Seid, ثان شرم الشيخ، محافظة جنوب سيناء 8762514, Egypt | +20 10 08000042 |
| Amanco money transfer | V7PV+Q4F, Second Sharm Al Shiekh, South Sinai Governorate 8761221, Egypt | |
| CIB - Commercial International Bank - ATM | X96V+HWG خليج الفارس الابيض، Sharm Al Shiekh, South Sinai Governorate 8765302, Egypt | |
| CIB ATM | 3C4J+GQ9, El-Salam, Second Sharm Al Shiekh, South Sinai Governorate 8753245, Egypt | |
| Telecom Egypt - Central Sharm El Sheikh 1 | V863+564, Sharm Al Shiekh, South Sinai Governorate 8762503, Egypt | |
| Arab African International Bank - Western Union | Rehana Sharm Resort, Km 8 Nabq Touristic Rd, Second Sharm Al Shiekh, South Sinai Governorate 8753401, Egypt | +20 69 3710935 |
| El Rawda Exchange | شرم الشيخ, خليج نبق، Second Sharm Al Shiekh, South Sinai Governorate 8753224, Egypt | +20 11 40757777 |
| CIB | Al Benouk, هضبة ام السيد, Sharm Al Shiekh, South Sinai Governorate 8762503, Egypt | +20 2 35679700 |
| CIB - ATM | الميركاتو, مول - شارع شرم ليزيه, متفرع من الفنار، هضبة ام السيد, شرم الشيخ، محافظة جنوب سيناء 8762514, Egypt | +20 2 35679700 |
| National Bank Of Egypt - ATM | XCFF+Q79، طريق السلام، رأس نصرانى، Second Sharm Al Shiekh, South Sinai Governorate 8753030, Egypt | |
| CIB | بجوار فندق غزالة جاردنز, El-Salam, Sharm Al Shiekh, South Sinai Governorate 8761342, Egypt | +20 69 3601571 |
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Egyptian pound rate today
First off, in case you’re wondering something along the lines of “does Egypt use Egyptian pound?”, the answer is yes. The currency in Sharm El Sheikh — and the rest of Egypt— is Egyptian pound
You can also find it written as EGP in currency exchange shops.
What you should know about exchanging money in Sharm El Sheikh
Before exchanging money in Sharm El Sheikh or any foreign city, it's important to be informed to avoid excessive charges and get the best deals. Consider opening a bank account in Egypt for long-term stays or substantial investments like buying property or cars.
1. Beware of 'zero fee' services
Services claiming 'no commission' often offer poor exchange rates, not reflecting the mid-market rate, leading to hidden profits for them.
2. Check the exchange rate beforehand
Familiarize yourself with the base rate to identify a bad deal from exchange services.
3. Avoid exchanging money at airports or hotels
Convenience comes at a price, as airports and hotels usually offer poor rates and high transaction fees.
4. Use ATMs strategically
Check if your home bank has partnerships in Egypt banks to avoid extra ATM fees, and inform your bank before traveling.
5. Opt for local currency
When using an ATM abroad, choose to be charged in Egyptian pounds for a fairer rate and avoid undisclosed exchange rates and additional fees.
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Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Sharm El Sheikh. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.