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Compare today's ERN to XOF (Eritrean Nakfa to CFA Franc BCEAO) exchange rates

Eritrea
Burkina Faso
ERN

Interbank Exchange Rate: 1 ERN = 36.9910 XOF
Updated about an hour ago

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All you need to know about Eritrean Nakfa to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Eritrea to Burkina Faso. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to CFA Franc BCEAO (XOF) 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 Burkina Faso 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 XOF Conversion Rates

Here are some latest ERN to XOF (Eritrean Nakfa to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 ERN36.99 XOF
5 ERN184.95 XOF
10 ERN369.91 XOF
25 ERN924.78 XOF
50 ERN1,849.55 XOF
100 ERN3,699.10 XOF
150 ERN5,548.65 XOF
200 ERN7,398.20 XOF
250 ERN9,247.75 XOF
300 ERN11,097.30 XOF
400 ERN14,796.40 XOF
500 ERN18,495.50 XOF
600 ERN22,194.60 XOF
700 ERN25,893.70 XOF
800 ERN29,592.80 XOF
1,000 ERN36,991.00 XOF
1,500 ERN55,486.50 XOF
2,000 ERN73,982.00 XOF
2,500 ERN92,477.50 XOF
3,000 ERN110,973.00 XOF
4,000 ERN147,964.00 XOF
5,000 ERN184,955.00 XOF
10,000 ERN369,910.00 XOF
15,000 ERN554,865.00 XOF
20,000 ERN739,820.00 XOF
30,000 ERN1,109,730.00 XOF
40,000 ERN1,479,640.00 XOF
50,000 ERN1,849,550.00 XOF
100,000 ERN3,699,100.00 XOF

*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 Burkina Faso?

There are many good choices when it comes to sending money from Eritrea to Burkina Faso. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Eritrean Nakfa to XOF money transfers.

We compare different remittance companies to bring you the best options to send money to Burkina Faso from Eritrea. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Eritrean Nakfa to CFA Franc BCEAO money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best remit rate for transferring money from Eritrea to Burkina Faso?

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 Burkina Faso.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Eritrea to Burkina Faso 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 CFA Franc BCEAO 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 send money to Burkina Faso from Eritrea?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Eritrea to Burkina Faso via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Eritrean Nakfa to CFA Franc BCEAO remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Eritrea to Burkina Faso exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for ERN to XOF remittances.


How to send money from Eritrea to Burkina Faso through a bank?

We do not recommend using your local bank in Eritrea for your next ERN to XOF overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Eritrea to Burkina Faso (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending XOF to Burkina Faso. These companies will let you use your local bank account in Eritrea to pay for your Burkina Faso money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money from Eritrea to Burkina Faso fast?

It could be a stressful experience if you need to rush money quickly from Eritrea to Burkina Faso. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert ERN to XOF. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in CFA Franc BCEAO. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Eritrea to Burkina Faso money transfers.


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

The first step in selecting the best money transfer operators for Eritrea to Burkina Faso 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 CFA Franc BCEAO 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 Burkina Faso.


Step by step guide to do a money transfer from Eritrea to Burkina Faso

The first step to send money to Burkina Faso 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 XOF 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 Burkina Faso 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 Burkina Faso!

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 Burkina Faso.