Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's BOB to ERN (Bolivian Boliviano to Eritrean Nakfa) exchange rates

Bolivia
Eritrea
BOB

Interbank Exchange Rate: 1 BOB = 2.1697 ERN
Updated about an hour ago

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All you need to know about Bolivian Boliviano to Eritrean Nakfa money transfers

Easily compare money transfer providers in one place to send money from Bolivia to Eritrea. Send money overseas to your loved ones by comparing Bolivian Boliviano (BOB) to Eritrean Nakfa (ERN) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Bolivia.

Were you looking to send money from Eritrea to Bolivia instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest BOB to ERN Conversion Rates

Here are some latest BOB to ERN (Bolivian Boliviano to Eritrean Nakfa) exchange rates for popular conversion amounts*.

1 BOB2.17 ERN
5 BOB10.85 ERN
10 BOB21.70 ERN
25 BOB54.24 ERN
50 BOB108.49 ERN
100 BOB216.97 ERN
150 BOB325.46 ERN
200 BOB433.94 ERN
250 BOB542.43 ERN
300 BOB650.91 ERN
400 BOB867.88 ERN
500 BOB1,084.85 ERN
600 BOB1,301.82 ERN
700 BOB1,518.79 ERN
800 BOB1,735.76 ERN
1,000 BOB2,169.70 ERN
1,500 BOB3,254.55 ERN
2,000 BOB4,339.40 ERN
2,500 BOB5,424.25 ERN
3,000 BOB6,509.10 ERN
4,000 BOB8,678.80 ERN
5,000 BOB10,848.50 ERN
10,000 BOB21,697.00 ERN
15,000 BOB32,545.50 ERN
20,000 BOB43,394.00 ERN
30,000 BOB65,091.00 ERN
40,000 BOB86,788.00 ERN
50,000 BOB108,485.00 ERN
100,000 BOB216,970.00 ERN

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Bolivia to Eritrea?

There are many good choices when it comes to sending money from Bolivia to Eritrea. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Bolivian Boliviano to ERN money transfers.

We compare different remittance companies to bring you the best options to send money to Eritrea from Bolivia. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Bolivian Boliviano to Eritrean Nakfa money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best remit rate for transferring money from Bolivia to Eritrea?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Bolivia to Eritrea transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your BOB to Eritrean Nakfa international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Bolivian Boliviano to Eritrean Nakfa exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way for transferring money to Eritrea from Bolivia?

Finding the cheapest way to send money from Bolivia to Eritrea might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer BOB to ERN via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Bolivia to Eritrea exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


How to send money from Bolivia to Eritrea through a bank?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low BOB to ERN exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Bolivia to Eritrea money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Eritrea from Bolivia. They do this by letting you fund your transaction through your local bank account in Bolivia, and by allowing you to choose the payout to be your recipient's bank account in Eritrea. But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to do a money transfer to Eritrea from Bolivia?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Bolivia to Eritrea. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert BOB to ERN fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Bolivian Boliviano amount reaching Eritrea. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush Eritrean Nakfa quickly to Eritrea, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


Which are the best money transfer companies to transfer money to Eritrea from Bolivia?

Bolivia to Eritrea money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Eritrea as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Bolivian Boliviano to Eritrean Nakfa money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to do a money transfer from Bolivia to Eritrea

The first step to send money to Eritrea from Bolivia is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your BOB to ERN overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Eritrea if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Bolivia bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Eritrea!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Bolivia to Eritrea.