EGP to NGN - Egyptian Pound to Nigerian Naira Converter

Convert Egyptian Pound to Nigerian Naira with real-time exchange rates

1 EGP = ~30.39 NGN (rates vary)

Quick Insight

This currency pair is highly volatile. Always check live rates before transactions.

This pair is volatile. Rely on live rates for estimation; avoid fixed mental math.

FX moves can be 3-7% in a short window. Use live converter and set alerts.

✈️ Travel budgeting💼 Quick invoice estimates💸 Remittance planning

Common EGP - NGN Conversions

Forex Market Hours

Sydney

22:00 - 07:00 UTC

Closed

Tokyo

00:00 - 09:00 UTC

Closed

London

08:00 - 17:00 UTC

Closed

New York

13:00 - 22:00 UTC

Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls

First Friday of month

High Impact

USD pairs

ECB Rate Decision

Every 6 weeks

Medium Impact

EUR pairs

Tips & Recommendations

1Avoid airport exchange bureaus - markups can reach 10-15%
2Use ATMs with local bank cards for near mid-market rates
3Pay in local currency to avoid dynamic currency conversion (DCC)
4Notify your bank before travel to prevent card blocks

Frequently Asked Questions

Key drivers include central bank policy, inflation differentials, commodity prices (oil for Nigeria), trade balances, and global risk sentiment. Rates shift continuously as expectations about growth and policy evolve.

Economic Context

Trading Relationship

Egypt and Nigeria engage in varied bilateral trade, including energy, agricultural goods, and services. The EGP/NGN rate influences pricing, invoicing, and cross-border finance across both economies.

Key Rate Factors

•Central bank policy directions from CBE and CBN
•Inflation differentials between Egypt and Nigeria
•Oil prices and commodity cycles affecting Nigeria
•Trade balances and import demand
•Market risk sentiment and liquidity in FX markets

Central Banks

Central Bank of Egypt

Cairo, Egypt

Sets monetary policy, regulates banks, and manages currency issuance to maintain price stability.

Central Bank of Nigeria

Abuja, Nigeria

Formulates monetary policy and oversees the naira, aiming for price stability and a sound financial system.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates