Compare today's ERN to MWK (Eritrean Nakfa to Malawian Kwacha) exchange rates
Interbank Exchange Rate: 1 ERN = 115.5196 MWK
Updated about an hour ago
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All you need to know about Eritrean Nakfa to Malawian Kwacha money transfers
Easily compare money transfer providers in one place to send money from Eritrea to Malawi. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Malawian Kwacha (MWK) 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 MWK Conversion Rates
Here are some latest ERN to MWK (Eritrean Nakfa to Malawian Kwacha) exchange rates for popular conversion amounts*.
| 1 ERN | 115.52 MWK |
| 5 ERN | 577.60 MWK |
| 10 ERN | 1,155.20 MWK |
| 25 ERN | 2,887.99 MWK |
| 50 ERN | 5,775.98 MWK |
| 100 ERN | 11,551.96 MWK |
| 150 ERN | 17,327.94 MWK |
| 200 ERN | 23,103.92 MWK |
| 250 ERN | 28,879.90 MWK |
| 300 ERN | 34,655.88 MWK |
| 400 ERN | 46,207.84 MWK |
| 500 ERN | 57,759.80 MWK |
| 600 ERN | 69,311.76 MWK |
| 700 ERN | 80,863.72 MWK |
| 800 ERN | 92,415.68 MWK |
| 1,000 ERN | 115,519.60 MWK |
| 1,500 ERN | 173,279.40 MWK |
| 2,000 ERN | 231,039.20 MWK |
| 2,500 ERN | 288,799.00 MWK |
| 3,000 ERN | 346,558.80 MWK |
| 4,000 ERN | 462,078.40 MWK |
| 5,000 ERN | 577,598.00 MWK |
| 10,000 ERN | 1,155,196.00 MWK |
| 15,000 ERN | 1,732,794.00 MWK |
| 20,000 ERN | 2,310,392.00 MWK |
| 30,000 ERN | 3,465,588.00 MWK |
| 40,000 ERN | 4,620,784.00 MWK |
| 50,000 ERN | 5,775,980.00 MWK |
| 100,000 ERN | 11,551,960.00 MWK |
*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 Malawi money transfers?
Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Eritrea to Malawi. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Eritrean Nakfa to MWK.You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send ERN to MWK in Malawi. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.
With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Malawi from Eritrea. We provide you with maximum choices to send money to Malawi by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best exchange rate for your money transfers from Eritrea to Malawi?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Malawi 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 Malawian Kwacha 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 Malawi corridor to give you more good choices for your next MWK money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way for transferring money to Malawi from Eritrea?
When you want to send money to Malawi from Eritrea, you obviously want the cheapest possible option to maximize the money your recipient gets in Malawian Kwacha. 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 MWK 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 Malawi. 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 Malawi 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 Malawian Kwacha overseas.
Should I use my bank to transfer money from Eritrea to Malawi?
Big banks in Eritrea are known to make a lot of money by charging high fees on Malawi money transfers from Eritrea. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.In addition to charging higher than average fees, banks are also notorious for giving you a ERN to MWK exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Malawi. With our live comparison tool, you can easily compare many good options in one glance.
Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Eritrea to Malawi. You work hard for your money, so you should also ensure you get the maximum yield when you send MWK overseas.
What is the fastest way to transfer money from Eritrea to Malawi?
How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Eritrea to Malawi. 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 MWK 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 Malawi. 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 Malawian Kwacha quickly to Malawi, 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 Malawi from Eritrea?
Eritrea to Malawi 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 Malawi 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 Malawian Kwacha 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 Malawi from Eritrea
Follow the below easy steps to send money to Malawi 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 Malawi).
- 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.