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

Compare today's ERN to DKK (Eritrean Nakfa to Danish Krone) exchange rates

Eritrea
Faroe Islands
ERN

Interbank Exchange Rate: 1 ERN = 0.4211 DKK
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Eritrean Nakfa to Danish Krone money transfers

Easily compare money transfer providers in one place to send money from Eritrea to Faroe Islands. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Danish Krone (DKK) 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 Faroe Islands 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 DKK Conversion Rates

Here are some latest ERN to DKK (Eritrean Nakfa to Danish Krone) exchange rates for popular conversion amounts*.

1 ERN0.42 DKK
5 ERN2.11 DKK
10 ERN4.21 DKK
25 ERN10.53 DKK
50 ERN21.06 DKK
100 ERN42.11 DKK
150 ERN63.17 DKK
200 ERN84.22 DKK
250 ERN105.27 DKK
300 ERN126.33 DKK
400 ERN168.44 DKK
500 ERN210.55 DKK
600 ERN252.66 DKK
700 ERN294.77 DKK
800 ERN336.88 DKK
1,000 ERN421.10 DKK
1,500 ERN631.65 DKK
2,000 ERN842.20 DKK
2,500 ERN1,052.75 DKK
3,000 ERN1,263.30 DKK
4,000 ERN1,684.40 DKK
5,000 ERN2,105.50 DKK
10,000 ERN4,211.00 DKK
15,000 ERN6,316.50 DKK
20,000 ERN8,422.00 DKK
30,000 ERN12,633.00 DKK
40,000 ERN16,844.00 DKK
50,000 ERN21,055.00 DKK
100,000 ERN42,110.00 DKK

*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 Faroe Islands from Eritrea?

With the global remittance market booming, there are so many choices for Eritrean Nakfa to DKK 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 Faroe Islands 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 DKK 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 Faroe Islands?

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 Faroe Islands from Eritrea.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your ERN to Danish Krone 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 DKK 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 to transfer money from Eritrea to Faroe Islands?

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 Faroe Islands 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 Danish Krone 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 Faroe Islands 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 DKK remittances.


How to send money from Eritrea to Faroe Islands through a bank?

We do not recommend using your local bank in Eritrea for your next ERN to DKK 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 Faroe Islands (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 DKK to Faroe Islands. These companies will let you use your local bank account in Eritrea to pay for your Faroe Islands 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 to Faroe Islands from Eritrea fast?

The speed of your Eritrean Nakfa to Danish Krone 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 DKK. 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 Faroe Islands 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 Faroe Islands 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 DKK into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Eritrea bank to Faroe Islands bank transfer.


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

Eritrea to Faroe Islands money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Faroe Islands as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Eritrean Nakfa to Danish Krone money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to transfer money to Faroe Islands from Eritrea

The first step to send money to Faroe Islands 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 DKK 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 Faroe Islands 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 Faroe Islands!

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 Faroe Islands.