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Compare today's ERN to DZD (Eritrean Nakfa to Algerian Dinar) exchange rates

Eritrea
Algeria
ERN

Interbank Exchange Rate: 1 ERN = 8.6486 DZD
Updated about an hour ago

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All you need to know about Eritrean Nakfa to Algerian Dinar money transfers

Easily compare money transfer providers in one place to send money from Eritrea to Algeria. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Algerian Dinar (DZD) 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 Eritrea.

Were you looking to send money from Algeria to Eritrea 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 ERN to DZD Conversion Rates

Here are some latest ERN to DZD (Eritrean Nakfa to Algerian Dinar) exchange rates for popular conversion amounts*.

1 ERN8.65 DZD
5 ERN43.24 DZD
10 ERN86.49 DZD
25 ERN216.22 DZD
50 ERN432.43 DZD
100 ERN864.86 DZD
150 ERN1,297.29 DZD
200 ERN1,729.72 DZD
250 ERN2,162.15 DZD
300 ERN2,594.58 DZD
400 ERN3,459.44 DZD
500 ERN4,324.30 DZD
600 ERN5,189.16 DZD
700 ERN6,054.02 DZD
800 ERN6,918.88 DZD
1,000 ERN8,648.60 DZD
1,500 ERN12,972.90 DZD
2,000 ERN17,297.20 DZD
2,500 ERN21,621.50 DZD
3,000 ERN25,945.80 DZD
4,000 ERN34,594.40 DZD
5,000 ERN43,243.00 DZD
10,000 ERN86,486.00 DZD
15,000 ERN129,729.00 DZD
20,000 ERN172,972.00 DZD
30,000 ERN259,458.00 DZD
40,000 ERN345,944.00 DZD
50,000 ERN432,430.00 DZD
100,000 ERN864,860.00 DZD

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


What's the best way to send money to Algeria from Eritrea?

With the global remittance market booming, there are so many choices for Eritrean Nakfa to DZD money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Algeria from Eritrea. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final DZD amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for sending money from Eritrea to Algeria?

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 Eritrea to Algeria 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 ERN to Algerian Dinar 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 Eritrean Nakfa to Algerian Dinar 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 transfer money from Eritrea to Algeria?

Finding the cheapest way to send money from Eritrea to Algeria 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 ERN to DZD 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 Eritrea to Algeria 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.


Should I use my bank to send money from Eritrea to Algeria?

Bank transfers have been a traditionally popular way to send money overseas from Eritrea to Algeria. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the ERN to DZD exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Eritrea bank for your Algeria money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


What is the fastest way to transfer money from Eritrea to Algeria?

If you need to convert ERN to DZD 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 Eritrea to Algeria 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 Eritrean Nakfa to Algerian Dinar 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 Algeria.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Eritrea to Algeria. 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 transfer money to Algeria from Eritrea?

The first step in selecting the best money transfer operators for Eritrea to Algeria remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Eritrean Nakfa to Algerian Dinar money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Algeria.


Step by step guide to send money from Eritrea to Algeria

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Eritrea to Algeria, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Eritrea to Algeria that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Algeria where they can receive monies in Algerian Dinar.
  • Then, provide details of your Eritrea bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your ERN travel to another part of the globe.