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Compare today's ERN to GTQ (Eritrean Nakfa to Guatemalan Quetzal) exchange rates

Eritrea
Guatemala
ERN

Interbank Exchange Rate: 1 ERN = 0.5111 GTQ
Updated about an hour ago

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All you need to know about Eritrean Nakfa to Guatemalan Quetzal money transfers

Easily compare money transfer providers in one place to send money from Eritrea to Guatemala. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Guatemalan Quetzal (GTQ) 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.

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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 GTQ Conversion Rates

Here are some latest ERN to GTQ (Eritrean Nakfa to Guatemalan Quetzal) exchange rates for popular conversion amounts*.

1 ERN0.51 GTQ
5 ERN2.56 GTQ
10 ERN5.11 GTQ
25 ERN12.78 GTQ
50 ERN25.56 GTQ
100 ERN51.11 GTQ
150 ERN76.67 GTQ
200 ERN102.22 GTQ
250 ERN127.78 GTQ
300 ERN153.33 GTQ
400 ERN204.44 GTQ
500 ERN255.55 GTQ
600 ERN306.66 GTQ
700 ERN357.77 GTQ
800 ERN408.88 GTQ
1,000 ERN511.10 GTQ
1,500 ERN766.65 GTQ
2,000 ERN1,022.20 GTQ
2,500 ERN1,277.75 GTQ
3,000 ERN1,533.30 GTQ
4,000 ERN2,044.40 GTQ
5,000 ERN2,555.50 GTQ
10,000 ERN5,111.00 GTQ
15,000 ERN7,666.50 GTQ
20,000 ERN10,222.00 GTQ
30,000 ERN15,333.00 GTQ
40,000 ERN20,444.00 GTQ
50,000 ERN25,555.00 GTQ
100,000 ERN51,110.00 GTQ

*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 Guatemala money transfers?

Sending money internationally to Guatemala 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 GTQ 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 Guatemala. 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 Guatemalan Quetzal.


How to get the best exchange rate for your money transfers from Eritrea to Guatemala?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your ERN to Guatemalan Quetzal money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Eritrea to Guatemala. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for ERN to GTQ remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way for transferring money to Guatemala from Eritrea?

Finding the cheapest way to send money from Eritrea to Guatemala might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer ERN to GTQ via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Eritrea to Guatemala exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


Should I use my bank to transfer money from Eritrea to Guatemala?

Bank transfers have been a traditionally popular way to send money overseas from Eritrea to Guatemala. 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 GTQ 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 Guatemala 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 transfer money from Eritrea to Guatemala?

It could be a stressful experience if you need to rush money quickly from Eritrea to Guatemala. 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 GTQ. 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 Guatemalan Quetzal. 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 Guatemala money transfers.


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

Eritrea to Guatemala 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 Guatemala 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 Guatemalan Quetzal 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 send money to Guatemala from Eritrea

With so many possible ways to transfer Eritrean Nakfa to Guatemalan Quetzal, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Eritrea to Guatemala remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Eritrea and the receiver in Guatemala. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your ERN to Guatemalan Quetzal money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.