Navigating the EGP to PKR currency exchange rate can be a daunting task, but don't worry, we've got you covered. The exchange rate varies depending on the current market conditions, so it's essential to check the latest rates before making any transactions.
In 2022, the average exchange rate was around 25 PKR for 1 EGP. This rate can fluctuate depending on various economic factors, including inflation and global events.
To give you a better idea, let's take a look at some historical exchange rates. In 2019, the exchange rate was around 22 PKR for 1 EGP, while in 2020, it was around 24 PKR for 1 EGP.
Factors That Influence
Inflation rates play a significant role in determining exchange rates. A currency from an economy with low inflation rates will generally see a rise in value as purchasing power increases.
Differences in interest rates can also impact exchange rates. Higher interest rates can attract foreign investors, increasing demand for the currency and driving its value up.
Trade deficits can lead to a depreciation of a currency. If an economy is spending more than it's earning through foreign trade, it requires more foreign currency than it receives, causing its own currency to lose value.
Politics also influence exchange rates. Economies with stable politics are generally more attractive to foreign investors, causing their currency to appreciate.
Currency Conversion Factors
Currency conversion factors can be a bit confusing, but understanding the basics can make a big difference. The exchange rate between Egyptian pounds and Pakistani rupees is currently 5.5313 PKR for every 1 EGP.
If you're looking to convert a specific amount, it's helpful to know that our currency converter can show you the current rate and how it's changed over time. You can simply type in the box how much you want to convert, and our converter will do the rest.
Here are some specific conversion factors to keep in mind:
These conversion factors can help you make sense of the exchange rate and plan your finances accordingly.
Economic Factors
Economic Factors play a significant role in influencing exchange rates. A strong economy with low inflation rates will generally see a rise in currency value as purchasing power increases.
Differences in interest rates can drive exchange rates up or down, as higher interest rates can attract foreign investors and increase demand for a currency. This can lead to an appreciation of the currency.
Trade Deficits can have a negative impact on exchange rates, as they indicate that an economy is spending more than it is earning through foreign trade. This can cause a depreciation of the currency.
Economic performance is also a key factor, with strong economies typically experiencing an influx of capital and an increase in the buying power of their currency.
Conversion Rates
The conversion rates for Egyptian pounds to Pakistani rupees are quite straightforward.
You can convert 1 EGP to PKR, which equals 5.5313 PKR. This rate is based on the current exchange rate, and it's a good idea to check the latest rates before making any transactions.
For larger amounts, here are some conversion rates:
Over the past 30 days, the highest EGP to PKR exchange rate was 5.5345 PKR, while the lowest was 5.4613 PKR. The average rate was 5.4902 PKR, with a change of +1.02%.
Currency Information
The Egyptian Pound is the official currency of Egypt, introduced in 1834, replacing the Egyptian piaster. It's used for all commercial transactions and is the country's legal tender.
The currency symbol is E£, and the Central Bank of Egypt is responsible for issuing and controlling the Egyptian Pound. This ensures the stability of the currency in the Egyptian economy.
Here are the key details about the Egyptian Pound:
- Symbol: E£
- ISO Code: EGP
- Bank: Central Bank of Egypt
The Egyptian Pound holds significant importance in Egypt's economy, and its value can be converted to other currencies, such as the Pakistani Rupee (PKR).
Live Currency Converter
To get the most up-to-date exchange rate, simply type in the box how much you want to convert, select EGP in the first dropdown as the currency you want to convert, and PKR in the second dropdown as the currency you want to convert to.
Our currency converter will show you the current EGP to PKR rate and how it's changed over the past day, week or month.
The exchange rate can be found in various tables, including one that shows the equivalent value of 1 EGP in PKR, which is currently 5.5313 PKR.
You can also check the exchange rate for specific amounts, such as 100 EGP, which is equivalent to 553.13 PKR as of January 17, 2025 08:55 PM UTC.
The exchange rate can fluctuate over time, with the EGP to PKR rate reaching a high of 5.5345 and a low of 5.4613 in the past 30 days, with an average rate of 5.4902.
Here's a summary of the current exchange rate:
As of January 17, 2025 08:55 PM UTC, the best EGP to PKR exchange rate is 5.5313 PKR, meaning that for every Egyptian Pound you exchange, you will receive 5.5313 Pakistan Rupees.
Historical Data
The lowest EGP to PKR exchange rate in the last year was 5.4613 Pakistan Rupees per Egyptian Pound on December 23, 2024.
Over the last 90 days, the EGP to PKR exchange rate dipped to a low of 5.4613, with an average rate of 5.5728.
In the last 10 years, the highest rate from Egyptian Pounds to Pakistan Rupees was on January 25, 2016 when each Egyptian Pound was worth 13.636 Pakistan Rupees.
The overall change in the EGP to PKR exchange rate over the last 90 days was -3.13%.
Here's a summary of the high and low exchange rates over the last 30 and 90 days:
Conversion Tips
To convert Egyptian Pounds to Pakistan Rupees, you'll need to know the current exchange rate.
You can find the most recent exchange rate by checking online conversion tools or financial websites.
It's that simple!
Conversion Tips
If you're planning to travel from Egypt to Pakistan, it's essential to know how to convert your Egyptian Pounds to Pakistan Rupees. As of now, 1 EGP is equal to 5.5313 PKR.
To make the most of your trip, it's a good idea to have some local currency with you. For instance, if you have 100 EGP, you can exchange it for approximately 553.13 PKR.
It's also worth noting that the Egyptian Pound has increased by +0.93% year-to-date against the Pakistan Rupee, which is a relatively small gain.
Here's a quick reference guide to help you with conversions:
This conversion rate can help you plan your expenses and make the most of your trip to Pakistan.
When to Convert
The best time to convert Egyptian Pounds to Pakistan Rupees is between 3-4 PM GMT, as this period tends to have the highest currency market liquidity and trading volume.
You can trade EGP to PKR 24x5, starting from Monday mornings in Sydney and closing on Fridays at 5 PM in New York, but be aware that exchange rates can fluctuate by the minute while markets are open.
If you need PKR urgently, it's a good idea to convert your Egyptian Pounds early in the week to avoid any potential delays.
Frequently Asked Questions
Q: What is the current exchange rate of Egyptian Pounds to Pakistani Rupees?
The current exchange rate of Egyptian Pounds to Pakistani Rupees is approximately 1 EGP = 14.5 PKR.
Q: How can I convert Egyptian Pounds to Pakistani Rupees online?
You can use online currency conversion tools or websites that provide up-to-date exchange rates.
Q: Are there any fees associated with converting Egyptian Pounds to Pakistani Rupees?
Some online conversion tools may charge a small fee for their services, but it's usually a small percentage of the converted amount.
Q: Can I use my credit card to convert Egyptian Pounds to Pakistani Rupees?
Yes, many online conversion tools accept credit card payments for conversions.
Q: What is the best way to get the best exchange rate for Egyptian Pounds to Pakistani Rupees?
It's best to check multiple sources and compare exchange rates to find the best deal.
Q: Can I convert Egyptian Pounds to Pakistani Rupees at a bank or currency exchange office?
Yes, you can convert Egyptian Pounds to Pakistani Rupees at a bank or currency exchange office, but be aware that exchange rates may vary.
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