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Compare today's ERN to ILS (Eritrean Nakfa to Israeli New Sheqel) exchange rates

Eritrea
Israel
ERN

Interbank Exchange Rate: 1 ERN = 0.2064 ILS
Updated about 1 hours ago

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All you need to know about Eritrean Nakfa to Israeli New Sheqel money transfers

Easily compare money transfer providers in one place to send money from Eritrea to Israel. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Israeli New Sheqel (ILS) 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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Latest ERN to ILS Conversion Rates

Here are some latest ERN to ILS (Eritrean Nakfa to Israeli New Sheqel) exchange rates for popular conversion amounts*.

1 ERN0.21 ILS
5 ERN1.03 ILS
10 ERN2.06 ILS
25 ERN5.16 ILS
50 ERN10.32 ILS
100 ERN20.64 ILS
150 ERN30.96 ILS
200 ERN41.28 ILS
250 ERN51.60 ILS
300 ERN61.92 ILS
400 ERN82.56 ILS
500 ERN103.20 ILS
600 ERN123.84 ILS
700 ERN144.48 ILS
800 ERN165.12 ILS
1,000 ERN206.40 ILS
1,500 ERN309.60 ILS
2,000 ERN412.80 ILS
2,500 ERN516.00 ILS
3,000 ERN619.20 ILS
4,000 ERN825.60 ILS
5,000 ERN1,032.00 ILS
10,000 ERN2,064.00 ILS
15,000 ERN3,096.00 ILS
20,000 ERN4,128.00 ILS
30,000 ERN6,192.00 ILS
40,000 ERN8,256.00 ILS
50,000 ERN10,320.00 ILS
100,000 ERN20,640.00 ILS

*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 Israel?

Sending money internationally to Israel 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 ILS 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 Israel. 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 Israeli New Sheqel.


How to get the best rate to transfer money to Israel from Eritrea?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Israel from Eritrea. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your ERN to Israeli New Sheqel money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Eritrea to Israel corridor to give you more good choices for your next ILS money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money from Eritrea to Israel?

One of the most important things to watch out for is hidden fees when sending money to Israel 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 Israel using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Israeli New Sheqel foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best ERN to Israel 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 Israel from Eritrea.


Should I use my bank to send money from Eritrea to Israel?

Bank transfers have been a traditionally popular way to send money overseas from Eritrea to Israel. 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 ILS 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 Israel 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.


How to send money to Israel from Eritrea fast?

If you need to convert ERN to ILS as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Eritrea to Israel could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Eritrean Nakfa to Israeli New Sheqel funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Israel.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Eritrea to Israel. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


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

Comparing money transfer companies for sending money to Israel from Eritrea can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Israel. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Eritrean Nakfa to Israeli New Sheqel transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Israeli New Sheqel yield on every Eritrean Nakfa that you send.


Step by step guide to transfer money to Israel from Eritrea

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