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Compare today's CNY to ERN (Chinese Yuan to Eritrean Nakfa) exchange rates

China
Eritrea
CNY

Interbank Exchange Rate: 1 CNY = 2.1609 ERN
Updated about an hour ago

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All you need to know about Chinese Yuan to Eritrean Nakfa money transfers

Easily compare money transfer providers in one place to send money from China to Eritrea. Send money overseas to your loved ones by comparing Chinese Yuan (CNY) 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 China.

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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 CNY to ERN Conversion Rates

Here are some latest CNY to ERN (Chinese Yuan to Eritrean Nakfa) exchange rates for popular conversion amounts*.

1 CNY2.16 ERN
5 CNY10.80 ERN
10 CNY21.61 ERN
25 CNY54.02 ERN
50 CNY108.04 ERN
100 CNY216.09 ERN
150 CNY324.14 ERN
200 CNY432.18 ERN
250 CNY540.22 ERN
300 CNY648.27 ERN
400 CNY864.36 ERN
500 CNY1,080.45 ERN
600 CNY1,296.54 ERN
700 CNY1,512.63 ERN
800 CNY1,728.72 ERN
1,000 CNY2,160.90 ERN
1,500 CNY3,241.35 ERN
2,000 CNY4,321.80 ERN
2,500 CNY5,402.25 ERN
3,000 CNY6,482.70 ERN
4,000 CNY8,643.60 ERN
5,000 CNY10,804.50 ERN
10,000 CNY21,609.00 ERN
15,000 CNY32,413.50 ERN
20,000 CNY43,218.00 ERN
30,000 CNY64,827.00 ERN
40,000 CNY86,436.00 ERN
50,000 CNY108,045.00 ERN
100,000 CNY216,090.00 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 China to Eritrea?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from China to Eritrea. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Chinese Yuan to ERN.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send CNY to ERN in Eritrea. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Eritrea from China. We provide you with maximum choices to send money to Eritrea by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best exchange rate for sending money from China 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 China 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 CNY 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 Chinese Yuan 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 to send money from China to Eritrea?

One of the most important things to watch out for is hidden fees when sending money to Eritrea from China. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Eritrea using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Eritrean Nakfa foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best CNY to Eritrea exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Eritrea from China.


Should I use my bank to transfer money from China to Eritrea?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your China to Eritrea money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like CNY to ERN transfers.

Given this, there are umpteen additional options to send money to Eritrea instead of just your China bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Chinese Yuan even more so that your recipient in Eritrea gets the maximum amount.


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

If you need to convert CNY to ERN as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from China to Eritrea could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Chinese Yuan to Eritrean Nakfa funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Eritrea.

With so many choices available, make sure to compare various forex operators that enable you to remit money from China to Eritrea. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money to Eritrea from China?

Since the Chinese Yuan to Eritrean Nakfa money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in China that may also be able to send money to Eritrea. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your CNY to ERN money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Eritrea gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next China to Eritrea transaction.


Step by step guide to transfer money to Eritrea from China

There are many important aspects of China to Eritrea remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - China bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include ERN bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Chinese Yuan amount you want to send from China.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Eritrea to validate that they get the money once the transaction clears.