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Compare today's ERN to XOF (Eritrean Nakfa to CFA Franc BCEAO) exchange rates

Eritrea
Guinea-Bissau
ERN

Interbank Exchange Rate: 1 ERN = 37.0645 XOF
Updated about an hour 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 Guinea-Bissau. 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.

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 Guinea-Bissau 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 XOF Conversion Rates

Here are some latest ERN to XOF (Eritrean Nakfa to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 ERN37.06 XOF
5 ERN185.32 XOF
10 ERN370.65 XOF
25 ERN926.61 XOF
50 ERN1,853.23 XOF
100 ERN3,706.45 XOF
150 ERN5,559.68 XOF
200 ERN7,412.90 XOF
250 ERN9,266.13 XOF
300 ERN11,119.35 XOF
400 ERN14,825.80 XOF
500 ERN18,532.25 XOF
600 ERN22,238.70 XOF
700 ERN25,945.15 XOF
800 ERN29,651.60 XOF
1,000 ERN37,064.50 XOF
1,500 ERN55,596.75 XOF
2,000 ERN74,129.00 XOF
2,500 ERN92,661.25 XOF
3,000 ERN111,193.50 XOF
4,000 ERN148,258.00 XOF
5,000 ERN185,322.50 XOF
10,000 ERN370,645.00 XOF
15,000 ERN555,967.50 XOF
20,000 ERN741,290.00 XOF
30,000 ERN1,111,935.00 XOF
40,000 ERN1,482,580.00 XOF
50,000 ERN1,853,225.00 XOF
100,000 ERN3,706,450.00 XOF

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Eritrea to Guinea-Bissau?

It can be very confusing when sending money from Eritrea to Guinea-Bissau given so many choices. Additionally, Eritrean Nakfa to XOF exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Eritrea to Guinea-Bissau as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Guinea-Bissau from Eritrea. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Eritrean Nakfa to CFA Franc BCEAO remittances.


How to get the best remit rate for transferring money from Eritrea to Guinea-Bissau?

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 Guinea-Bissau.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Eritrea to Guinea-Bissau 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 CFA Franc BCEAO 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 transfer money from Eritrea to Guinea-Bissau?

When you want to send money to Guinea-Bissau from Eritrea, you obviously want the cheapest possible option to maximize the money your recipient gets in CFA Franc BCEAO. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your ERN to XOF money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Eritrea to Guinea-Bissau. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Eritrea to Guinea-Bissau exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send CFA Franc BCEAO overseas.


Should I use my bank to send money from Eritrea to Guinea-Bissau?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Eritrea to Guinea-Bissau money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like ERN to XOF transfers.

Given this, there are umpteen additional options to send money to Guinea-Bissau instead of just your Eritrea bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Eritrean Nakfa even more so that your recipient in Guinea-Bissau gets the maximum amount.


What is the fastest way to do a money transfer to Guinea-Bissau from Eritrea?

The first thing to do when you need to convert ERN to XOF quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Eritrean Nakfa and CFA Franc BCEAO. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Eritrea to Guinea-Bissau remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Guinea-Bissau.


Which are the best money transfer companies to transfer money to Guinea-Bissau from Eritrea?

Eritrea to Guinea-Bissau 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 Guinea-Bissau 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 CFA Franc BCEAO 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 from Eritrea to Guinea-Bissau

The first step to send money to Guinea-Bissau 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 XOF 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 Guinea-Bissau 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 Guinea-Bissau!

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 Guinea-Bissau.