Compare today's ERN to SOS (Eritrean Nakfa to Somali Shilling) exchange rates
Interbank Exchange Rate: 1 ERN = 38.0470 SOS
Updated about an hour ago
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All you need to know about Eritrean Nakfa to Somali Shilling money transfers
Easily compare money transfer providers in one place to send money from Eritrea to Somalia. Send money overseas to your loved ones by comparing Eritrean Nakfa (ERN) to Somali Shilling (SOS) 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 SOS Conversion Rates
Here are some latest ERN to SOS (Eritrean Nakfa to Somali Shilling) exchange rates for popular conversion amounts*.
| 1 ERN | 38.05 SOS |
| 5 ERN | 190.23 SOS |
| 10 ERN | 380.47 SOS |
| 25 ERN | 951.18 SOS |
| 50 ERN | 1,902.35 SOS |
| 100 ERN | 3,804.70 SOS |
| 150 ERN | 5,707.05 SOS |
| 200 ERN | 7,609.40 SOS |
| 250 ERN | 9,511.75 SOS |
| 300 ERN | 11,414.10 SOS |
| 400 ERN | 15,218.80 SOS |
| 500 ERN | 19,023.50 SOS |
| 600 ERN | 22,828.20 SOS |
| 700 ERN | 26,632.90 SOS |
| 800 ERN | 30,437.60 SOS |
| 1,000 ERN | 38,047.00 SOS |
| 1,500 ERN | 57,070.50 SOS |
| 2,000 ERN | 76,094.00 SOS |
| 2,500 ERN | 95,117.50 SOS |
| 3,000 ERN | 114,141.00 SOS |
| 4,000 ERN | 152,188.00 SOS |
| 5,000 ERN | 190,235.00 SOS |
| 10,000 ERN | 380,470.00 SOS |
| 15,000 ERN | 570,705.00 SOS |
| 20,000 ERN | 760,940.00 SOS |
| 30,000 ERN | 1,141,410.00 SOS |
| 40,000 ERN | 1,521,880.00 SOS |
| 50,000 ERN | 1,902,350.00 SOS |
| 100,000 ERN | 3,804,700.00 SOS |
*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 Somalia from Eritrea?
With the global remittance market booming, there are so many choices for Eritrean Nakfa to SOS 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 Somalia 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 SOS 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 remit rate for transferring money from Eritrea to Somalia?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Somalia 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 Somali Shilling 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 Somalia corridor to give you more good choices for your next SOS 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 Somalia?
Finding the cheapest way to send money from Eritrea to Somalia might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer ERN to SOS via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.
Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Eritrea to Somalia exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.
How to send money from Eritrea to Somalia through a bank?
We do not recommend using your local bank in Eritrea for your next ERN to SOS overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Eritrea to Somalia (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.
Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending SOS to Somalia. These companies will let you use your local bank account in Eritrea to pay for your Somalia money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
What is the fastest way to transfer money from Eritrea to Somalia?
If you need to convert ERN to SOS 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 Somalia 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 Somali Shilling 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 Somalia.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Eritrea to Somalia. 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 send money from Eritrea to Somalia?
The first step in selecting the best money transfer operators for Eritrea to Somalia remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.
Another factor that may help you decide which provider to go with would be any coupons and deals available for Eritrean Nakfa to Somali Shilling money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Somalia.
Step by step guide to transfer money to Somalia from Eritrea
Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Eritrea to Somalia, then please continue to read.One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Eritrea to Somalia that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.
Once you identify your provider of choice, follow the below step by step guide to send money.
- Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
- Provide information about the receiver - name, address and a bank account in Somalia where they can receive monies in Somali Shilling.
- Then, provide details of your Eritrea bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
- Finally, select the amount you want to transfer, and click Send.
- The provider will start your transaction, and keep you updated on the progress of your transfer.