Compare today's ERN to AUD (Eritrean Nakfa to Australian Dollar) exchange rates
Interbank Exchange Rate: 1 ERN = 0.1022 AUD
Updated about an hour ago
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All you need to know about Eritrean Nakfa to Australian Dollar money transfers
Easily compare money transfer providers in one place to send money from Eritrea to Australia. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Australian Dollar (AUD) 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.
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Latest ERN to AUD Conversion Rates
Here are some latest ERN to AUD (Eritrean Nakfa to Australian Dollar) exchange rates for popular conversion amounts*.
| 1 ERN | 0.10 AUD |
| 5 ERN | 0.51 AUD |
| 10 ERN | 1.02 AUD |
| 25 ERN | 2.56 AUD |
| 50 ERN | 5.11 AUD |
| 100 ERN | 10.22 AUD |
| 150 ERN | 15.33 AUD |
| 200 ERN | 20.44 AUD |
| 250 ERN | 25.55 AUD |
| 300 ERN | 30.66 AUD |
| 400 ERN | 40.88 AUD |
| 500 ERN | 51.10 AUD |
| 600 ERN | 61.32 AUD |
| 700 ERN | 71.54 AUD |
| 800 ERN | 81.76 AUD |
| 1,000 ERN | 102.20 AUD |
| 1,500 ERN | 153.30 AUD |
| 2,000 ERN | 204.40 AUD |
| 2,500 ERN | 255.50 AUD |
| 3,000 ERN | 306.60 AUD |
| 4,000 ERN | 408.80 AUD |
| 5,000 ERN | 511.00 AUD |
| 10,000 ERN | 1,022.00 AUD |
| 15,000 ERN | 1,533.00 AUD |
| 20,000 ERN | 2,044.00 AUD |
| 30,000 ERN | 3,066.00 AUD |
| 40,000 ERN | 4,088.00 AUD |
| 50,000 ERN | 5,110.00 AUD |
| 100,000 ERN | 10,220.00 AUD |
*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 Eritrea to Australia?
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 Eritrea to Australia. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Eritrean Nakfa to AUD.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 ERN to AUD in Australia. 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 Australia from Eritrea. We provide you with maximum choices to send money to Australia by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best remit rate for transferring money from Eritrea to Australia?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Australia from Eritrea. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.One way you could eliminate the manual work to search and compare providers for your ERN to Australian Dollar money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.
We are also constantly adding new partners for the Eritrea to Australia corridor to give you more good choices for your next AUD money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way to transfer money from Eritrea to Australia?
The final amount your recipient gets when you send ERN to AUD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.Before the dawn of the modern internet era, traditional methods to send money from Eritrea to Australia used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.
A great way to find the cheapest options to send Australian Dollar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Eritrean Nakfa to Australia exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.
Should I use my bank to send money from Eritrea to Australia?
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 ERN to AUD 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 Eritrea to Australia 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 Australia from Eritrea. They do this by letting you fund your transaction through your local bank account in Eritrea, and by allowing you to choose the payout to be your recipient's bank account in Australia. 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 Australia from Eritrea?
The speed of your Eritrean Nakfa to Australian Dollar funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert ERN to AUD. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.
One possible approach that will help you send money fast to Australia from Eritrea is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Australia if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.
One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout AUD into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Eritrea bank to Australia bank transfer.
Which are the best money transfer companies to send money from Eritrea to Australia?
Eritrea to Australia 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 Australia 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 Eritrean Nakfa to Australian Dollar 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 transfer money to Australia from Eritrea
The first step to send money to Australia from Eritrea 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 ERN to AUD 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 Australia if paying via ACH direct deposit or bank transfer.
- Enter your sending amount, and initiate a transaction.
- Pay for your transaction via your Eritrea bank account or alternative methods like a debit card.
- Sit back and relax, and see your money travel to Australia!