Compare today's ERN to XOF (Eritrean Nakfa to CFA Franc BCEAO) exchange rates
Interbank Exchange Rate: 1 ERN = 37.0477 XOF
Updated about 1 hours 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 Cameroon. 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.
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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 ERN | 37.05 XOF |
| 5 ERN | 185.24 XOF |
| 10 ERN | 370.48 XOF |
| 25 ERN | 926.19 XOF |
| 50 ERN | 1,852.39 XOF |
| 100 ERN | 3,704.77 XOF |
| 150 ERN | 5,557.16 XOF |
| 200 ERN | 7,409.54 XOF |
| 250 ERN | 9,261.93 XOF |
| 300 ERN | 11,114.31 XOF |
| 400 ERN | 14,819.08 XOF |
| 500 ERN | 18,523.85 XOF |
| 600 ERN | 22,228.62 XOF |
| 700 ERN | 25,933.39 XOF |
| 800 ERN | 29,638.16 XOF |
| 1,000 ERN | 37,047.70 XOF |
| 1,500 ERN | 55,571.55 XOF |
| 2,000 ERN | 74,095.40 XOF |
| 2,500 ERN | 92,619.25 XOF |
| 3,000 ERN | 111,143.10 XOF |
| 4,000 ERN | 148,190.80 XOF |
| 5,000 ERN | 185,238.50 XOF |
| 10,000 ERN | 370,477.00 XOF |
| 15,000 ERN | 555,715.50 XOF |
| 20,000 ERN | 740,954.00 XOF |
| 30,000 ERN | 1,111,431.00 XOF |
| 40,000 ERN | 1,481,908.00 XOF |
| 50,000 ERN | 1,852,385.00 XOF |
| 100,000 ERN | 3,704,770.00 XOF |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to do Eritrea to Cameroon money transfers?
With the global remittance market booming, there are so many choices for Eritrean Nakfa to XOF 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 Cameroon 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 XOF 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 Cameroon?
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 Cameroon 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 CFA Franc BCEAO 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 CFA Franc BCEAO 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 send money from Eritrea to Cameroon?
The final amount your recipient gets when you send ERN to XOF 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 Cameroon 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 CFA Franc BCEAO 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 Cameroon 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 transfer money from Eritrea to Cameroon?
Bank transfers have been a traditionally popular way to send money overseas from Eritrea to Cameroon. 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 XOF 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 Cameroon 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.
How to send money from Eritrea to Cameroon fast?
It could be a stressful experience if you need to rush money quickly from Eritrea to Cameroon. 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 Cameroon money transfers.
Which are the best money transfer companies to send money from Eritrea to Cameroon?
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 Cameroon, 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 CFA Franc BCEAO 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 XOF money transfers to Cameroon. 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 Cameroon getting more money for every Eritrean Nakfa you send.
Step by step guide to transfer money to Cameroon from Eritrea
Follow the below easy steps to send money to Cameroon from Eritrea.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Eritrea bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Cameroon).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.