Egyptian Pound lebanese pound exchange rate history (EGP LBP) August 2023

Egyptian Pound lebanese pound history for August 2023. The highest quote for this month is 487.5 (25/08/2023) and the lowest 487.23 (14/08/2023). The difference between high and low is 0.06.

EGP LBP average rate for August 2023 is 485.49346, the change between 01/08/2023 and 31/08/2023 is +0.07 %.

01 August 2023	1 EGP = 486.3 LBP
02 August 2023	1 EGP = 485.9 LBP
03 August 2023	1 EGP = 485.8 LBP
04 August 2023	1 EGP = 485.0 LBP
07 August 2023	1 EGP = 483.7 LBP
08 August 2023	1 EGP = 484.7 LBP
09 August 2023	1 EGP = 484.9 LBP
10 August 2023	1 EGP = 485.1 LBP
11 August 2023	1 EGP = 485.1 LBP
12 August 2023	1 EGP = 486.2 LBP
14 August 2023	1 EGP = 484.7 LBP
15 August 2023	1 EGP = 485.9 LBP
16 August 2023	1 EGP = 486.1 LBP
17 August 2023	1 EGP = 485.9 LBP
18 August 2023	1 EGP = 485.8 LBP
19 August 2023	1 EGP = 486.2 LBP
20 August 2023	1 EGP = 485.4 LBP
21 August 2023	1 EGP = 486.0 LBP
22 August 2023	1 EGP = 486.3 LBP
23 August 2023	1 EGP = 485.9 LBP
24 August 2023	1 EGP = 485.9 LBP
25 August 2023	1 EGP = 485.9 LBP
28 August 2023	1 EGP = 485.1 LBP
29 August 2023	1 EGP = 485.1 LBP
30 August 2023	1 EGP = 484.1 LBP
31 August 2023	1 EGP = 485.9 LBP

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.

Historic Egyptian Pound Lebanese pound