How stable is the currency rate?

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I’m not an economist but I have been told this is something that could severely affect my finances over there seeing as Im on a tight budget. Is there a peak season that I should exchange or does it remain pretty stable

Category: asked July 20, 2011
Taalib
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1 Answer

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Salam

When I went to Egypt to study in June 2010 for £1 I was getting 8.38 Egyptian pounds but when I left in June 2011 I was getting 9.77 Egyptian Pounds. My other friends went about 5 years ago and said they used to get 13 Egyptian pounds for £1 so it does drop and fall and it does affect your finances however in regards to studying some centers request you pay in dollars which may be better for you.

You can check the latest rates on the advice page under Currency and Money

And Allah Knows Best



sok
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