Today's ZAR to EGP Price Update

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 strength and monetary stability of both nations, serving as an important indicator for regional trade and investment flows in Africa.

Today’s Price

• 1 ZAR = 2.85 EGP
• 24h High: 2.8572 EGP
• 24h Low: 2.8517 EGP

Market Analysis

The ZAR/EGP pair exhibits relatively tight intraday volatility, trading within a narrow range of approximately 55 basis points over the past 24 hours.

• Technical levels: Key support at 2.8517 EGP, resistance at 2.8572 EGP
• Risk note: Continued narrow-range trading may indicate consolidation before a potential breakout
• Trading opportunities: Monitor for breakout opportunities above 2.8572 EGP or below 2.8517 EGP for directional confirmation

Conclusion

Continue to monitor the ZAR/EGP pair closely. Traders should remain alert to any economic data releases or policy announcements from both South Africa and Egypt that could trigger significant currency movements and create trading opportunities.