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Compare today's ERN to ISK (Eritrean Nakfa to Icelandic Krona) exchange rates

Eritrea
Iceland
ERN

Interbank Exchange Rate: 1 ERN = 8.1894 ISK
Updated about an hour ago

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All you need to know about Eritrean Nakfa to Icelandic Krona money transfers

Easily compare money transfer providers in one place to send money from Eritrea to Iceland. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Icelandic Krona (ISK) 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 ISK Conversion Rates

Here are some latest ERN to ISK (Eritrean Nakfa to Icelandic Krona) exchange rates for popular conversion amounts*.

1 ERN8.19 ISK
5 ERN40.95 ISK
10 ERN81.89 ISK
25 ERN204.73 ISK
50 ERN409.47 ISK
100 ERN818.94 ISK
150 ERN1,228.41 ISK
200 ERN1,637.88 ISK
250 ERN2,047.35 ISK
300 ERN2,456.82 ISK
400 ERN3,275.76 ISK
500 ERN4,094.70 ISK
600 ERN4,913.64 ISK
700 ERN5,732.58 ISK
800 ERN6,551.52 ISK
1,000 ERN8,189.40 ISK
1,500 ERN12,284.10 ISK
2,000 ERN16,378.80 ISK
2,500 ERN20,473.50 ISK
3,000 ERN24,568.20 ISK
4,000 ERN32,757.60 ISK
5,000 ERN40,947.00 ISK
10,000 ERN81,894.00 ISK
15,000 ERN122,841.00 ISK
20,000 ERN163,788.00 ISK
30,000 ERN245,682.00 ISK
40,000 ERN327,576.00 ISK
50,000 ERN409,470.00 ISK
100,000 ERN818,940.00 ISK

*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 Iceland?

There are many good choices when it comes to sending money from Eritrea to Iceland. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Eritrean Nakfa to ISK money transfers.

We compare different remittance companies to bring you the best options to send money to Iceland from Eritrea. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Eritrean Nakfa to Icelandic Krona money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best exchange rate for sending money from Eritrea to Iceland?

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 Iceland.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Eritrea to Iceland 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 Icelandic Krona 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 for transferring money to Iceland from Eritrea?

The final amount your recipient gets when you send ERN to ISK is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Eritrea to Iceland used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Icelandic Krona is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Eritrean Nakfa to Iceland exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


How to send money to Iceland from Eritrea through a bank?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low ERN to ISK exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Eritrea to Iceland money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Iceland from Eritrea. They do this by letting you fund your transaction through your local bank account in Eritrea, and by allowing you to choose the payout to be your recipient's bank account in Iceland. But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to do a money transfer to Iceland from Eritrea?

The first thing to do when you need to convert ERN to ISK 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 Icelandic Krona. 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 Iceland 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 Iceland.


Which are the best money transfer companies to transfer money to Iceland from Eritrea?

The first step in selecting the best money transfer operators for Eritrea to Iceland remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Eritrean Nakfa to Icelandic Krona money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Iceland.


Step by step guide to send money from Eritrea to Iceland

There are many important aspects of Eritrea to Iceland 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 ISK 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 Iceland to validate that they get the money once the transaction clears.