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

Eritrea
Belgium
ERN
Interbank Exchange Rate: 1 ERN = 0.0576 EUR
Updated about an hour ago

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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 Belgium. 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 ERN5.76 EUR
150 ERN8.64 EUR
200 ERN11.52 EUR
250 ERN14.40 EUR
300 ERN17.28 EUR
400 ERN23.04 EUR
500 ERN28.80 EUR
600 ERN34.56 EUR
700 ERN40.32 EUR
800 ERN46.08 EUR
1,000 ERN57.60 EUR
1,500 ERN86.40 EUR
2,000 ERN115.20 EUR
2,500 ERN144.00 EUR
3,000 ERN172.80 EUR
4,000 ERN230.40 EUR
5,000 ERN288.00 EUR
10,000 ERN576.00 EUR
15,000 ERN864.00 EUR
20,000 ERN1,152.00 EUR
30,000 ERN1,728.00 EUR
40,000 ERN2,304.00 EUR
50,000 ERN2,880.00 EUR
100,000 ERN5,760.00 EUR

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


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

With the global remittance market booming, there are so many choices for Eritrean Nakfa to EUR 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 Belgium 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 EUR 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 your money transfers from Eritrea to Belgium?

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 Belgium.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Eritrea to Belgium 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 for transferring money to Belgium from Eritrea?

One of the most important things to watch out for is hidden fees when sending money to Belgium from Eritrea. 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 Belgium using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Euro foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best ERN to Belgium 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 Belgium from Eritrea.


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

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 Eritrea to Belgium 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 ERN to EUR transfers.

Given this, there are umpteen additional options to send money to Belgium instead of just your Eritrea 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 Eritrean Nakfa even more so that your recipient in Belgium gets the maximum amount.


What is the fastest way to do a money transfer to Belgium 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 Belgium 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 Belgium 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 Belgium bank transfer.


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

Since the Eritrean Nakfa to Euro 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 Eritrea that may also be able to send money to Belgium. 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 ERN to EUR money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Belgium gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Eritrea to Belgium transaction.


Step by step guide to send money from Eritrea to Belgium

The first step to send money to Belgium 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 Belgium 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 Belgium!

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 Belgium.