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Compare today's ERN to EUR (Eritrean Nakfa to Euro) exchange rates

Eritrea
Austria
ERN
Interbank Exchange Rate: 1 ERN = 0.0575 EUR
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Eritrean Nakfa to Euro money transfers

Easily compare money transfer providers in one place to send money from Eritrea to Austria. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Euro (EUR) 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 EUR Conversion Rates

Here are some latest ERN to EUR (Eritrean Nakfa to Euro) exchange rates for popular conversion amounts*.

1 ERN0.06 EUR
5 ERN0.29 EUR
10 ERN0.58 EUR
25 ERN1.44 EUR
50 ERN2.88 EUR
100 ERN5.75 EUR
150 ERN8.63 EUR
200 ERN11.50 EUR
250 ERN14.38 EUR
300 ERN17.25 EUR
400 ERN23.00 EUR
500 ERN28.75 EUR
600 ERN34.50 EUR
700 ERN40.25 EUR
800 ERN46.00 EUR
1,000 ERN57.50 EUR
1,500 ERN86.25 EUR
2,000 ERN115.00 EUR
2,500 ERN143.75 EUR
3,000 ERN172.50 EUR
4,000 ERN230.00 EUR
5,000 ERN287.50 EUR
10,000 ERN575.00 EUR
15,000 ERN862.50 EUR
20,000 ERN1,150.00 EUR
30,000 ERN1,725.00 EUR
40,000 ERN2,300.00 EUR
50,000 ERN2,875.00 EUR
100,000 ERN5,750.00 EUR

*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 Austria?

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 Austria. 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 EUR.

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 EUR in Austria. 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 Austria from Eritrea. We provide you with maximum choices to send money to Austria 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 Eritrea to Austria?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Austria.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Eritrea to Austria transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your ERN to Euro money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


What's the cheapest way to transfer money from Eritrea to Austria?

The final amount your recipient gets when you send ERN to EUR 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 Austria 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 Euro 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 Austria 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 Austria?

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 EUR 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 Austria 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 Austria 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 Austria. 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 Austria from Eritrea?

The speed of your Eritrean Nakfa to Euro 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 EUR. 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 Austria 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 Austria 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 EUR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Eritrea bank to Austria bank transfer.


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

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Eritrea to Austria, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Eritrean Nakfa to Euro exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your EUR money transfers to Austria. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Austria getting more money for every Eritrean Nakfa you send.


Step by step guide to transfer money to Austria from Eritrea

The first step to send money to Austria 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 EUR 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 Austria 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 Austria!

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 Eritrea to Austria.