Many people, particularly those living in Saudi Arabia, are seeking the current exchange rate of the Saudi riyal once morest the Egyptian pound. This information is crucial for understanding financial transactions and money transfers to family members. This report will provide you with the Saudi riyal to Egyptian pound exchange rates in both the black market and banks as of July 11, 2024.
The average price of the Saudi riyal at the Central Bank of Egypt was recorded at 13.05 pounds for buying and 13.09 pounds for selling.
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The price of the Saudi riyal at the National Bank of Egypt was 13.04 pounds for buying and 13.08 pounds for selling.
The price of the Saudi riyal at the National Bank of Egypt was 13.04 pounds for buying and 13.08 pounds for selling.
The Commercial International Bank offered the Saudi riyal at 13.03 pounds for buying and 13.08 pounds for selling.
The price of the Saudi riyal at the Arab African International Bank was recorded at 12.89 pounds for buying and 13.08 pounds for selling.
The price of the Saudi riyal at Qatar National Bank was estimated at 13.01 pounds for buying and 13.08 pounds for selling.
The exchange rate of the Saudi riyal at Faisal Islamic Bank is:
13.03 EGP to buy, 13.08 EGP to sell.
The Saudi riyal price at Abu Dhabi Islamic Bank was recorded at 13.11 pounds for buying and 13.14 pounds for selling.
The price of the Saudi riyal at the United Bank was 12.79 pounds for buying and 13.08 pounds for selling.
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Saudi Riyal to Egyptian Pound Exchange Rate: July 11, 2024
Many people, especially those residing in Saudi Arabia, are looking for the price of the Saudi riyal once morest the Egyptian pound. This information is crucial for financial transactions and transfers to relatives. This report provides the latest exchange rates for the Saudi riyal once morest the Egyptian pound in the black market and banks as of July 11, 2024.
Central Bank of Egypt
The average price of the Saudi riyal at the Central Bank of Egypt recorded regarding 13.05 pounds for purchase and 13.09 pounds for sale.
National Bank of Egypt
The price of the Saudi riyal at the National Bank of Egypt reached 13.04 pounds for purchase and 13.08 pounds for sale.
Commercial International Bank
The Commercial International Bank offered the Saudi riyal at 13.03 pounds for purchase and 13.08 pounds for sale.
Arab African International Bank
The price of the Saudi riyal at the Arab African International Bank was recorded at regarding 12.89 pounds for purchase and 13.08 pounds for sale.
Qatar National Bank
The price of the Saudi riyal at Qatar National Bank was estimated at 13.01 pounds for purchase and 13.08 pounds for sale.
Faisal Islamic Bank
The price of the Saudi riyal is determined at Faisal Islamic Bank:
- 13.03 EGP to buy
- 13.08 EGP to sell.
Abu Dhabi Islamic Bank
The Saudi riyal price at Abu Dhabi Islamic Bank was recorded at 13.11 pounds for purchase and 13.14 pounds for sale.
United Bank
The price of the Saudi riyal at the United Bank reached 12.79 pounds for purchase and 13.08 pounds for sale.
Factors Affecting the Exchange Rate
Several factors can influence the exchange rate between the Saudi riyal and the Egyptian pound. These factors include:
- Economic performance: The relative strength of the economies of both Saudi Arabia and Egypt can significantly impact the exchange rate. Strong economic growth in Saudi Arabia can lead to an appreciation of the riyal once morest the pound, and vice versa.
- Interest rates: Higher interest rates in Saudi Arabia can attract foreign investment, leading to an increase in demand for the riyal and an appreciation of its value.
- Inflation: Inflation in Egypt can lead to a depreciation of the pound once morest the riyal as purchasing power declines.
- Political stability: Political instability in either country can create uncertainty and lead to fluctuations in the exchange rate.
- Government policies: Government policies, such as currency interventions or trade agreements, can have a significant impact on the exchange rate.
Tips for Getting the Best Exchange Rate
Here are some tips for getting the best exchange rate when converting Saudi riyals to Egyptian pounds:
- Compare exchange rates: Before sending money, compare exchange rates offered by different banks and money transfer services.
- Consider using online services: Online money transfer services often offer competitive exchange rates.
- Send larger amounts: Some providers offer better exchange rates for larger transfers.
- Avoid the black market: Exchange rates in the black market are often less favorable and may come with risks.
- Time your transfer: Exchange rates fluctuate constantly. You may be able to get a better rate by timing your transfer strategically.
Disclaimer
Please note that exchange rates are constantly changing. The information provided in this report is for informational purposes only and should not be considered financial advice. It is always recommended to consult with a financial professional for personalized advice.
