How Daleelak works
Daleelak is a simple, honest guide to buying and selling dollars, euros, gold, and silver in Egypt. Here is exactly how it works, what it shows you, and what it will never do.
What is Daleelak?
Daleelak is a neutral guide to Egypt's licensed money and gold market. Every day it checks the banks and licensed dealers, ranks them, and tells you the best place to buy or sell today and whether today is a good day compared with recent days.
It never sells anything and never guesses where prices are heading, so it has no reason to point you anywhere but the best real rate.
What prices does it show?
Only licensed sellers: banks and registered dealers. It does not show black-market or street rates. Trading on the black market is illegal in Egypt and those numbers are not safe to act on, so Daleelak leaves them out on purpose.
What does the best place mean? It depends on your direction.
This is the heart of it, and it flips with what you are doing. If you are selling, turning dollars or gold into pounds, the best place is the one that pays you the most. If you are buying, turning pounds into dollars or gold, the best place is the one that charges you the least.
The same seller can be great to sell to and poor to buy from. So Daleelak always asks your direction first and ranks for that. Getting this backwards would send you to the wrong place, so it is built into everything.
What is in the price, and what is not?
The headline gold price is the metal itself, by karat, for one gram. When you buy jewellery you also pay the workmanship (مصنعية) and the stamp tax (دمغة), and sometimes more, so the cheapest gram is not always the cheapest final bill. Daleelak says this plainly.
For gold bars, the bullion page already shows the full price including the mint fee, and what a dealer will pay to buy the bar back.
What are the official rate and world rate next to the price?
Two reference points sit beside the seller prices, for context, not as the price you can get. The official rate is the rate from the Central Bank of Egypt. The world rate is the international price. For gold, it is the world price of one ounce, changed into Egyptian pounds and divided down to one gram.
They help you see how far a seller sits above or below the official and world levels. They are context, never the ranked price.
How does Daleelak know if today is a good day?
It compares today's best price with the same market over recent days, and over more days as its own record grows, up to about three months. If today is unusually good for your direction, it says so: a strong day, a good day, an ordinary day, a weak day, or still learning when there are not enough past days yet to judge.
A few things shape the read: where today sits versus recent days, which way prices have been moving, and how far the price is from the official and world rates. Those extra checks can only pull a strong day down to mixed when they disagree. They never invent a good or bad day out of nothing.
One thing to be clear about. A strong day to buy means today looks unusually good compared with recent days. It is not a prediction that prices will rise or fall, and not a claim that today beats some fair price. Tomorrow could be cheaper. Daleelak describes today. It never forecasts.
How do you keep the numbers honest?
Every price comes from at least two independent sources, so one bad reading cannot decide what you see. When they agree, that is the price. When they disagree by more than a small margin, Daleelak shows a note that the sources differ instead of quietly averaging them or hiding the gap.
If a seller's buy and sell prices sit frozen for days while the rest of the market moves, Daleelak leaves that seller out of the ranking until its number changes again, so an old, stuck price can never win the best place to buy. And any reading that looks impossible is dropped before it reaches you.
What does Daleelak deliberately not do?
It never shows black-market rates. It never predicts where prices are going. And it never buys or sells anything itself.
That last one is the point. Because Daleelak never trades, it has nothing to gain from sending you to one seller over another. The honest ranking is the whole product.
How fresh are the numbers?
Prices follow the Egyptian day. Gold moves on the weekend too, on Friday and Saturday, because dealers still trade, while bank dollar and euro rates hold steady until the banks reopen.
Daleelak takes one main reading each morning as the day's record, and refreshes through the day so the numbers do not go stale.
Found a wrong number?
Tell us. Use the contact link below, or suggest a currency, metal, or feature. We read every report, check it, and fix the root cause.