Egyptian Pounds to Naira: How to Convert and Analyze the Rate

Converting Egyptian Pounds to Naira can be a bit tricky, but don't worry, I've got you covered. In this article, we'll explore the best ways to convert and analyze the Egyptian Pounds to Naira rate.

The official currency of Egypt is the Egyptian Pound (EGP), while the official currency of Nigeria is the Naira (NGN). According to recent data, the average exchange rate is around 1 EGP to 55 NGN. This rate may fluctuate depending on various market and economic factors.

To get the most accurate and up-to-date exchange rate, you can check online currency conversion tools or visit a local bank. Banks usually have the most current exchange rates, but you may need to pay a small fee for the service.

The Egyptian Pound is the official currency of Egypt, introduced in 1834 and replacing the Egyptian piaster. It's used for all commercial transactions and is the country's legal tender.

The Central Bank of Egypt is responsible for issuing and controlling the Egyptian Pound. This is a significant role, as the currency holds importance in Egypt's economy.

The Egyptian Pound symbol is EGP, and its ISO Code is also EGP. This is useful to know if you're working with currency codes.

You can convert Nigerian Naira to Egyptian Pounds using live currency rates, which are updated in real-time. For example, as of 13/01/2025 20:21, 1 Nigerian Naira was equivalent to 0.0326 Egyptian Pounds.

To convert Egyptian Pounds to Nigerian Nairas, you can use a live currency converter, which will give you the most recent exchange rate.

The live foreign exchange rates for Egyptian Pounds to Nigerian Nairas are constantly changing, but as of January 13, 2025, 1 EGP is equal to 30.683 NGN. This means that for every Egyptian Pound you exchange, you'll receive 30.683 Nigerian Nairas.

The best EGP to NGN exchange rate today is 30.683 NGN, which is the current rate as of January 13, 2025, 08:20 PM UTC. This is the rate you'll get if you exchange your Egyptian Pounds to Nigerian Nairas at this time.

Over the past 10 years, the Egyptian Pound has appreciated +20.64% against the Nigerian Naira. This means that the Egyptian Pound has gained significant purchasing power compared to the Nigerian Naira over the last decade.

Here's a quick reference table to help you understand the current exchange rates:

As you can see, the exchange rates are quite volatile, but the current rate of 30.683 NGN per EGP is a good indicator of the current market conditions. Keep in mind that exchange rates can fluctuate rapidly, so it's essential to check the current rate before making any transactions.

The historical chart for Egyptian Pounds to Nigerian Nairas shows a significant decrease in value over time. The EGP/NGN rate is down -7.74% in the six months, indicating that the Egyptian Pound has decreased in value compared to the Nigerian Naira.

To give you a better idea, here are the average exchange rates over the past year: 1 EGP was worth 32.959 NGN on average from 2024-1-11 to 2025-1-10.

The highest EGP to NGN exchange rate in the last year was 52.741 Nigerian Nairas per Egyptian Pound on February 29, 2024.

The exchange rate has been fluctuating over time, with highs and lows recorded in the past 30 and 90 days. Here's a summary of the exchange rate history:

In the past 30 days, the EGP to NGN exchange rate reached a high of 30.9906 and a low of 30.2873, with an overall change of +0.39%. Over the last 90 days, the EGP to NGN exchange rate peaked at 34.3114 and dipped to a low of 30.2873, averaging 32.5083 and experiencing a total change of -8.34%.

To convert Egyptian Pounds to Nigerian Nairas, you can use the conversion chart provided, which shows the average exchange rate from January 11, 2024 to January 10, 2025 as 32.959 Nigerian Nairas per Egyptian Pound.

The conversion rates are also listed in a table, showing the equivalent value of various amounts of Egyptian Pounds in Nigerian Nairas, such as 1 EGP = 30.683 NGN, 5 EGP = 153.41 NGN, and 10 EGP = 306.83 NGN.

You can also use the currency converter tool, which provides the current exchange rate as of January 13, 2025, 20:21, which is 1 Nigerian Naira = 0.0326 Egyptian Pound.

Here's a quick reference table to help you with common conversions:

The best EGP to NGN exchange rate today, as of January 13, 2025, 08:20 PM UTC, is 30.683 NGN, which means that for every Egyptian Pound you exchange, you will receive 30.683 Nigerian Nairas.