The Egyptian pound has changed its pegging to numerous standards, starting with the gold standard from 1885 to 1914, to the British pound from 1914 to 1962, and to the US dollar from 1962 to 1989 ...

The Egyptian currency started floating on March 6, 2024 (it was previously pegged to the U.S. dollar) and as we can see from the chart above, ...

George Soros famously earned $1 billion betting against the British pound in the early 1990s, predicting that the English central bank would devalue its money compared to other European currencies ...

History Of Currency Markets. Currency markets represent one of the oldest forms of financial transactions. Archaeologists have found coins dating back to ancient Egypt.