Compare today's ERN to LYD (Eritrean Nakfa to Libyan Dinar) exchange rates
Interbank Exchange Rate: 1 ERN = 0.4211 LYD
Updated about an hour ago
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All you need to know about Eritrean Nakfa to Libyan Dinar money transfers
Easily compare money transfer providers in one place to send money from Eritrea to Libya. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Libyan Dinar (LYD) 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 LYD Conversion Rates
Here are some latest ERN to LYD (Eritrean Nakfa to Libyan Dinar) exchange rates for popular conversion amounts*.
| 1 ERN | 0.42 LYD |
| 5 ERN | 2.11 LYD |
| 10 ERN | 4.21 LYD |
| 25 ERN | 10.53 LYD |
| 50 ERN | 21.06 LYD |
| 100 ERN | 42.11 LYD |
| 150 ERN | 63.17 LYD |
| 200 ERN | 84.22 LYD |
| 250 ERN | 105.27 LYD |
| 300 ERN | 126.33 LYD |
| 400 ERN | 168.44 LYD |
| 500 ERN | 210.55 LYD |
| 600 ERN | 252.66 LYD |
| 700 ERN | 294.77 LYD |
| 800 ERN | 336.88 LYD |
| 1,000 ERN | 421.10 LYD |
| 1,500 ERN | 631.65 LYD |
| 2,000 ERN | 842.20 LYD |
| 2,500 ERN | 1,052.75 LYD |
| 3,000 ERN | 1,263.30 LYD |
| 4,000 ERN | 1,684.40 LYD |
| 5,000 ERN | 2,105.50 LYD |
| 10,000 ERN | 4,211.00 LYD |
| 15,000 ERN | 6,316.50 LYD |
| 20,000 ERN | 8,422.00 LYD |
| 30,000 ERN | 12,633.00 LYD |
| 40,000 ERN | 16,844.00 LYD |
| 50,000 ERN | 21,055.00 LYD |
| 100,000 ERN | 42,110.00 LYD |
*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 Libya from Eritrea?
Sending money internationally to Libya 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 LYD 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 Libya. 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 Libyan Dinar.
How to get the best rate to transfer money to Libya from Eritrea?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Libya 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 Libyan Dinar 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 Libya corridor to give you more good choices for your next LYD money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way to transfer money from Eritrea to Libya?
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 Libya 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 Libyan Dinar 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 Libya 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 LYD remittances.
How to send money from Eritrea to Libya through a bank?
Bank transfers have been a traditionally popular way to send money overseas from Eritrea to Libya. 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 LYD 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 Libya 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 Libya?
How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Eritrea to Libya. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.To help you convert ERN to LYD fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.
If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Eritrean Nakfa amount reaching Libya. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.
Hopefully, you do not find yourself in a crisis where you have to rush Libyan Dinar quickly to Libya, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.
Which are the best money transfer companies to send money to Libya from Eritrea?
The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Eritrea to Libya, we can help you in choosing the best provider.There are several key points you would want to check for; these include, but are not limited to, the best Eritrean Nakfa to Libyan Dinar exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.
After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your LYD money transfers to Libya. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.
Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Libya getting more money for every Eritrean Nakfa you send.
Step by step guide to transfer money to Libya from Eritrea
Follow the below easy steps to send money to Libya from Eritrea.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Eritrea bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Libya).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.