EGP to MVR Exchange Rate - Convert Egyptian Pound to Maldives Rufiyaa

Converting from Egyptian Pound (EGP) to Maldives Rufiyaa (MVR) | Currency

What is Egyptian Pound (EGP)

The Egyptian Pound, abbreviated as EGP, is the official currency of Egypt. It has been in circulation since 1885, initially introduced to replace the various foreign currencies that had been used in Egypt prior to that time. The symbol for the Egyptian Pound is £E or simply EGP.

The currency is divided into 100 piastres. It plays a crucial role in the Egyptian economy, which relies heavily on sectors such as tourism, agriculture, and manufacturing. The Central Bank of Egypt is responsible for issuing and managing the currency.

The Egyptian Pound has experienced significant fluctuations in its value over the years, primarily due to political events, economic reforms, and changes in global oil prices. For instance, after the 2011 Egyptian Revolution, the EGP experienced a dramatic devaluation, affecting both local citizens and foreign investors. Understanding the current value of EGP is vital when converting to other currencies.

What is Maldives Rufiyaa (MVR)

The Maldives Rufiyaa, marked as MVR, is the official currency of the Maldives, an island nation located in the Indian Ocean. The Rufiyaa was introduced in 1981 to replace the Maldivian rupee, and it has been crucial in supporting the economy of this beautiful country known for its tourism sector. The Rufiyaa is subdivided into 100 laari, with symbols being MVR or simply RF.

The Maldives' economy is heavily dependent on tourism, which constitutes a significant portion of its GDP. The Maldives Monetary Authority, similar to the Central Bank in Egypt, is responsible for currency issuance and regulation. The value of MVR can also be volatile, influenced by tourism demand, economic policies, and global market trends.

Conversion Process

When converting from the Egyptian Pound (EGP) to the Maldives Rufiyaa (MVR), one must stay updated on current exchange rates, as they can fluctuate frequently. You can find up-to-date rates through various online currency converters or financial news websites.

For example, if the exchange rate is $1 EGP = 6 MVR, converting 100 EGP would yield:

100 EGP × 6 MVR/EGP = 600 MVR

However, be mindful of additional fees or commissions from banks or exchange services when exchanging your currency.

In conclusion, understanding the characteristics of both the Egyptian Pound and the Maldives Rufiyaa, along with knowing how to effectively convert between them, is essential for travelers and those engaging in commerce between Egypt and the Maldives. Always check the latest exchange rates and make informed decisions.

Egyptian Pound to Maldives Rufiyaa conversion table

EGP to MVR conversion table

Egyptian Pound (EGP)Maldives Rufiyaa (MVR)
1 EGP0.31097232788 MVR
2 EGP0.62194465577 MVR
3 EGP0.93291698365 MVR
4 EGP1.24388931153 MVR
5 EGP1.55486163941 MVR
6 EGP1.8658339673 MVR
7 EGP2.17680629518 MVR
8 EGP2.48777862306 MVR
9 EGP2.79875095095 MVR
10 EGP3.10972327883 MVR
100 EGP31.09723278828 MVR
200 EGP62.19446557656 MVR
300 EGP93.29169836483 MVR
400 EGP124.38893115311 MVR
500 EGP155.48616394139 MVR
600 EGP186.58339672967 MVR
700 EGP217.68062951795 MVR
800 EGP248.77786230622 MVR
900 EGP279.8750950945 MVR
1 000 EGP310.97232788278 MVR
2 000 EGP621.94465576556 MVR
5 000 EGP1 554.8616394139 MVR
10 000 EGP3 109.7232788278 MVR
20 000 EGP6 219.44655765559 MVR
50 000 EGP15 548.61639413898 MVR
100 000 EGP31 097.23278827796 MVR
Last updated June 10, 2025 at 11:55 PM