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Compare today's ERN to PEN (Eritrean Nakfa to Peruvian Nuevo Sol) exchange rates

Eritrea
Peru
ERN

Interbank Exchange Rate: 1 ERN = 0.2240 PEN
Updated about an hour ago

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All you need to know about Eritrean Nakfa to Peruvian Nuevo Sol money transfers

Easily compare money transfer providers in one place to send money from Eritrea to Peru. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Peruvian Nuevo Sol (PEN) 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 Peru 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 PEN Conversion Rates

Here are some latest ERN to PEN (Eritrean Nakfa to Peruvian Nuevo Sol) exchange rates for popular conversion amounts*.

1 ERN0.22 PEN
5 ERN1.12 PEN
10 ERN2.24 PEN
25 ERN5.60 PEN
50 ERN11.20 PEN
100 ERN22.40 PEN
150 ERN33.60 PEN
200 ERN44.80 PEN
250 ERN56.00 PEN
300 ERN67.20 PEN
400 ERN89.60 PEN
500 ERN112.00 PEN
600 ERN134.40 PEN
700 ERN156.80 PEN
800 ERN179.20 PEN
1,000 ERN224.00 PEN
1,500 ERN336.00 PEN
2,000 ERN448.00 PEN
2,500 ERN560.00 PEN
3,000 ERN672.00 PEN
4,000 ERN896.00 PEN
5,000 ERN1,120.00 PEN
10,000 ERN2,240.00 PEN
15,000 ERN3,360.00 PEN
20,000 ERN4,480.00 PEN
30,000 ERN6,720.00 PEN
40,000 ERN8,960.00 PEN
50,000 ERN11,200.00 PEN
100,000 ERN22,400.00 PEN

*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 Peru money transfers?

With the global remittance market booming, there are so many choices for Eritrean Nakfa to PEN money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Peru from Eritrea. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final PEN amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


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

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 Peru.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Eritrea to Peru 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 Peruvian Nuevo Sol 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 Peru?

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 Peru 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 Peruvian Nuevo Sol 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 Peru 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 PEN remittances.


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

Bank transfers have been a traditionally popular way to send money overseas from Eritrea to Peru. 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 PEN 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 Peru 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 Peru?

The speed of your Eritrean Nakfa to Peruvian Nuevo Sol funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert ERN to PEN. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Peru from Eritrea is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Peru if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout PEN into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Eritrea bank to Peru bank transfer.


Which are the best money transfer companies to send money from Eritrea to Peru?

Eritrea to Peru 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 Peru 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 Peruvian Nuevo Sol 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 do a money transfer from Eritrea to Peru

The first step to send money to Peru 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 PEN 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 Peru 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 Peru!

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 Peru.