Where to exchange dollars or withdraw Egyptian pounds at a hotel in Sharm el-Sheikh?

In Naama Bay, some hotel-area ATMs do not accept bills smaller than $100, but there is a spot where a $50 note was exchanged successfully: farther along the street, there is an ATM on the left-side steps of a shopping center.

According to a recent report, it was possible to exchange dollars for Egyptian pounds directly at the hotel; the quoted rate was 49.08 EGP per USD, with about 49 EGP actually received after the bank fee.

If someone arranges an exchange visit to the hotel, agree on the rate in advance. A safer approach is to transfer money to a card only after the cash dollars or pounds are already in your hands.

The hotel ATM does not accept old $100 bills (e.g. dated 2006) — neither for withdrawal nor exchange. Fresh banknotes are required. In Naama Bay the situation is similar: ATMs either work only with cards or run out of cash.

Smaller dollar bills (not $100 notes) are much easier to exchange and are accepted without issues. The main difficulty is specifically with old $100 bills.

If the hotel ATM is not working for exchange, shop vendors on the hotel grounds may offer cash dollar-to-pound exchange — but at an unfavorable rate. For reference, the city rate was around 4,987 EGP per $100. Bargaining is possible.

The Sharmilion hotel has an ATM for withdrawing Egyptian pounds, but it does not exchange cash dollars. Cards from RSHB bank work at this ATM.

Currency exchange near Sharmilion hotel: from the main entrance, walk toward the sea and turn right — the exchange point is located just before the palm tree alley. A security officer nearby can help you find it.

Hotel reception and on-site shops will not exchange cash dollars without a purchase. For a straightforward cash exchange, you need to use the external exchange point outside the hotel.