Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's ERN to USD (Eritrean Nakfa to US Dollar) exchange rates

Eritrea
Timor-Leste (East Timor)
ERN

Interbank Exchange Rate: 1 ERN = 0.0667 USD
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Eritrean Nakfa to US Dollar money transfers

Easily compare money transfer providers in one place to send money from Eritrea to Timor-Leste (East Timor). Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to US Dollar (USD) 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 Timor-Leste (East Timor) 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 USD Conversion Rates

Here are some latest ERN to USD (Eritrean Nakfa to US Dollar) exchange rates for popular conversion amounts*.

1 ERN0.07 USD
5 ERN0.33 USD
10 ERN0.67 USD
25 ERN1.67 USD
50 ERN3.34 USD
100 ERN6.67 USD
150 ERN10.00 USD
200 ERN13.34 USD
250 ERN16.67 USD
300 ERN20.01 USD
400 ERN26.68 USD
500 ERN33.35 USD
600 ERN40.02 USD
700 ERN46.69 USD
800 ERN53.36 USD
1,000 ERN66.70 USD
1,500 ERN100.05 USD
2,000 ERN133.40 USD
2,500 ERN166.75 USD
3,000 ERN200.10 USD
4,000 ERN266.80 USD
5,000 ERN333.50 USD
10,000 ERN667.00 USD
15,000 ERN1,000.50 USD
20,000 ERN1,334.00 USD
30,000 ERN2,001.00 USD
40,000 ERN2,668.00 USD
50,000 ERN3,335.00 USD
100,000 ERN6,670.00 USD

*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 Timor-Leste (East Timor)?

With the global remittance market booming, there are so many choices for Eritrean Nakfa to USD 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 Timor-Leste (East Timor) 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 USD 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 rate to transfer money to Timor-Leste (East Timor) from Eritrea?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Timor-Leste (East Timor) from Eritrea.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your ERN to United States Dollar remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for ERN to USD remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way for transferring money to Timor-Leste (East Timor) from Eritrea?

One of the most important things to watch out for is hidden fees when sending money to Timor-Leste (East Timor) 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 Timor-Leste (East Timor) using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your United States Dollar foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best ERN to Timor-Leste (East Timor) 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 Timor-Leste (East Timor) from Eritrea.


How to send money to Timor-Leste (East Timor) from Eritrea through a bank?

We do not recommend using your local bank in Eritrea for your next ERN to USD 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 Timor-Leste (East Timor) (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 USD to Timor-Leste (East Timor). These companies will let you use your local bank account in Eritrea to pay for your Timor-Leste (East Timor) money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


What is the fastest way to do a money transfer to Timor-Leste (East Timor) from Eritrea?

The speed of your Eritrean Nakfa to United States Dollar 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 USD. 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 Timor-Leste (East Timor) 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 Timor-Leste (East Timor) 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 USD into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Eritrea bank to Timor-Leste (East Timor) bank transfer.


Which are the best money transfer companies to transfer money from Eritrea to Timor-Leste (East Timor)?

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 Timor-Leste (East Timor), 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 United States Dollar 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 USD money transfers to Timor-Leste (East Timor). 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 Timor-Leste (East Timor) getting more money for every Eritrean Nakfa you send.


Step by step guide to transfer money to Timor-Leste (East Timor) from Eritrea

There are many important aspects of Eritrea to Timor-Leste (East Timor) 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 USD 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.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Timor-Leste (East Timor) to validate that they get the money once the transaction clears.