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Compare today's ERN to EUR (Eritrean Nakfa to Euro) exchange rates

Eritrea
Portugal
ERN

Interbank Exchange Rate: 1 ERN = 0.0566 EUR
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Eritrean Nakfa to Euro money transfers

Easily compare money transfer providers in one place to send money from Eritrea to Portugal. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Euro (EUR) 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 Portugal 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 EUR Conversion Rates

Here are some latest ERN to EUR (Eritrean Nakfa to Euro) exchange rates for popular conversion amounts*.

1 ERN0.06 EUR
5 ERN0.28 EUR
10 ERN0.57 EUR
25 ERN1.42 EUR
50 ERN2.83 EUR
100 ERN5.66 EUR
150 ERN8.49 EUR
200 ERN11.32 EUR
250 ERN14.15 EUR
300 ERN16.98 EUR
400 ERN22.64 EUR
500 ERN28.30 EUR
600 ERN33.96 EUR
700 ERN39.62 EUR
800 ERN45.28 EUR
1,000 ERN56.60 EUR
1,500 ERN84.90 EUR
2,000 ERN113.20 EUR
2,500 ERN141.50 EUR
3,000 ERN169.80 EUR
4,000 ERN226.40 EUR
5,000 ERN283.00 EUR
10,000 ERN566.00 EUR
15,000 ERN849.00 EUR
20,000 ERN1,132.00 EUR
30,000 ERN1,698.00 EUR
40,000 ERN2,264.00 EUR
50,000 ERN2,830.00 EUR
100,000 ERN5,660.00 EUR

*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 Portugal?

Sending money internationally to Portugal 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 EUR 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 Portugal. 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 Euro.


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

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your ERN to Euro money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Eritrea to Portugal. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for ERN to EUR remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


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

The final amount your recipient gets when you send ERN to EUR 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 Portugal 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 Euro 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 Portugal 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 from Eritrea to Portugal through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Eritrea to Portugal money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like ERN to EUR transfers.

Given this, there are umpteen additional options to send money to Portugal instead of just your Eritrea bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Eritrean Nakfa even more so that your recipient in Portugal gets the maximum amount.


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

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Eritrea to Portugal. 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 EUR 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 Portugal. 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 Euro quickly to Portugal, 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 Portugal from Eritrea?

Since the Eritrean Nakfa to Euro money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Eritrea that may also be able to send money to Portugal. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your ERN to EUR money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Portugal gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Eritrea to Portugal transaction.


Step by step guide to send money to Portugal from Eritrea

With so many possible ways to transfer Eritrean Nakfa to Euro, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Eritrea to Portugal remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Eritrea and the receiver in Portugal. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your ERN to Euro money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.