Today's ZAR to EGP Price Update

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Summary

This report provides the real-time exchange rate between the South African Rand (ZAR) and the Egyptian Pound (EGP), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The South African Rand (ZAR) is the official currency of South Africa, while the Egyptian Pound (EGP) is the primary currency of Egypt. The exchange rate between them reflects the relative economic conditions, monetary policies, and investor sentiment in both Southern Africa and the Middle East regions.

Today’s Price

  • 1 ZAR = 2.91 EGP
  • 24h High: 2.9165 EGP
  • 24h Low: 2.9056 EGP

Market Analysis

The ZAR/EGP pair is currently trading at 2.91, with modest intraday volatility observed over the past 24 hours, indicating a relatively stable trading environment.

  • Technical levels: Key support at 2.9056 EGP, resistance at 2.9165 EGP
  • Trading opportunities: Monitor price action within the established 24-hour range for potential entry and exit points

Conclusion

Continue to monitor the ZAR/EGP pair closely for emerging trading opportunities. Traders should remain attentive to any developments that may affect currency valuations in both South Africa and Egypt.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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