How to send money to Egypt from UAE with the best AED-EGP rate

Comparing money transfer companies with services between the United Arab Emirates and Egypt, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.

For this route, we’ve compared 4 providers providing services between United Arab Emirates and Egypt. This ensures you will get the best options when sending Egyptian Pound to Egypt.

Over the last 7 days, we’ve picked Xe as the best overall provider. However, comparing based on the amount you want to send to Egypt will provide a specific provider that’s best for transferring money from the United Arab Emirates.

The exchange rate is the price you will pay when buying Egyptian Pound in the United Arab Emirates. A better exchange rate means you send more Egyptian Pounds to Egypt.

Currently, the mid-market rate between the UAE Dirham and Egyptian Pound is 13.539. The company offering the best price on buying Egyptian Pound is Regency FX.

Exchange rates between AED-EGP change almost constantly.

Waiting a day or two can help you get more EGP for the same amount of UAE Dirhams, but you may also end up paying more if you do wait.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between the United Arab Emirates and Egypt for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a bank transfer will most often be the way to get the best price when sending money from the United Arab Emirates to Egypt.

For a transfer by bank transfer, Regency FX is 0.27% cheaper than the next option.

United Arab Emirates and Egypt have different regulators for financial transactions and ensuring you fully understand these regulations will aid in keeping your money safe.

Our directory of worldwide financial regulators has regulation details for money transfers between United Arab Emirates and Egypt.

Money transfer companies offering services between the United Arab Emirates and Egypt have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of UAE Dirham could change. We always recommend comparing AED-EGP rates for your specific transfer amount. Then, with transfers to Egypt, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of AED to Egypt, we’d recommend Xe.

There are different options for receiving Egyptian Pound in Egypt. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from the United Arab Emirates to Egypt will offer every method for incoming Egyptian Pound, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from the United Arab Emirates into Egypt. For most part, this is because it means the recipient has to do very little. Xe is the best company for bank transfers between United Arab Emirates and Egypt.

And if you need cash right away, check if cash pickup is an option for transfers between the United Arab Emirates and Egypt.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Regency FX.

You will need to verify your ID at the sign up stage when sending from the United Arab Emirates to Egypt through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in the United Arab Emirates through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in Egypt, both of these will also likely be accepted. Depending on the company you are using and where the money is going in Egypt, it’s always best to check ahead just in case.

Larger transactions between the United Arab Emirates and Egypt are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Xe scored so highly for large and regular transfers to Egypt, was their easy sign up process in the United Arab Emirates.

When sending money between the United Arab Emirates and Egypt there will be tax declarations to consider.

Some transfers into Egyptian Pound may need to be reported to tax authorities in Egypt. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in Egypt based on age, income and personal circumstance. When in doubt, please contact a tax professional in the United Arab Emirates or Egypt to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.