Compare today's ERN to EUR (Eritrean Nakfa to Euro) exchange rates
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 Cyprus. 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 ERN | 0.06 EUR |
| 5 ERN | 0.29 EUR |
| 10 ERN | 0.58 EUR |
| 25 ERN | 1.44 EUR |
| 50 ERN | 2.88 EUR |
| 100 ERN | 5.76 EUR |
| 150 ERN | 8.64 EUR |
| 200 ERN | 11.52 EUR |
| 250 ERN | 14.40 EUR |
| 300 ERN | 17.28 EUR |
| 400 ERN | 23.04 EUR |
| 500 ERN | 28.80 EUR |
| 600 ERN | 34.56 EUR |
| 700 ERN | 40.32 EUR |
| 800 ERN | 46.08 EUR |
| 1,000 ERN | 57.60 EUR |
| 1,500 ERN | 86.40 EUR |
| 2,000 ERN | 115.20 EUR |
| 2,500 ERN | 144.00 EUR |
| 3,000 ERN | 172.80 EUR |
| 4,000 ERN | 230.40 EUR |
| 5,000 ERN | 288.00 EUR |
| 10,000 ERN | 576.00 EUR |
| 15,000 ERN | 864.00 EUR |
| 20,000 ERN | 1,152.00 EUR |
| 30,000 ERN | 1,728.00 EUR |
| 40,000 ERN | 2,304.00 EUR |
| 50,000 ERN | 2,880.00 EUR |
| 100,000 ERN | 5,760.00 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 to Cyprus from Eritrea?
Sending money internationally to Cyprus from Eritrea can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Eritrean Nakfa to EUR remittances.
Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Cyprus. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Euro.
How to get the best rate to transfer money to Cyprus from Eritrea?
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 Cyprus.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Eritrea to Cyprus 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 send money from Eritrea to Cyprus?
One of the most important things to watch out for is hidden fees when sending money to Cyprus 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 Cyprus 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 Cyprus 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 Cyprus from Eritrea.
How to send money from Eritrea to Cyprus through a bank?
Bank transfers have been a traditionally popular way to send money overseas from Eritrea to Cyprus. 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 EUR 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 Cyprus 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.
What is the fastest way to do a money transfer to Cyprus from Eritrea?
If you need to convert ERN to EUR as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Eritrea to Cyprus could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.
Apart from the above, there are many other factors that can have an impact on your Eritrean Nakfa to Euro funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Cyprus.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Eritrea to Cyprus. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.
Which are the best money transfer companies to send money from Eritrea to Cyprus?
Comparing money transfer companies for sending money to Cyprus from Eritrea can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Cyprus. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Eritrean Nakfa to Euro transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?
Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Euro yield on every Eritrean Nakfa that you send.
Step by step guide to send money to Cyprus from Eritrea
There are many important aspects of Eritrea to Cyprus remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.
- Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
- Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Eritrea bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
- Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include EUR bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
- Step 4 - Provision recipient details including name and address.
- Step 5 - Decide how much Eritrean Nakfa amount you want to send from Eritrea.
- Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
- Step 7 - Validate all the information for accuracy and start your transaction.