Compare today's ETB to ERN (Ethiopian Birr to Eritrean Nakfa) exchange rates
Interbank Exchange Rate: 1 ETB = 0.0968 ERN
Updated about an hour ago
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All you need to know about Ethiopian Birr to Eritrean Nakfa money transfers
Easily compare money transfer providers in one place to send money from Ethiopia to Eritrea. Send money overseas to your loved ones by comparing Ethiopian Birr (ETB) to Eritrean Nakfa (ERN) 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.
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Latest ETB to ERN Conversion Rates
Here are some latest ETB to ERN (Ethiopian Birr to Eritrean Nakfa) exchange rates for popular conversion amounts*.
| 1 ETB | 0.10 ERN |
| 5 ETB | 0.48 ERN |
| 10 ETB | 0.97 ERN |
| 25 ETB | 2.42 ERN |
| 50 ETB | 4.84 ERN |
| 100 ETB | 9.68 ERN |
| 150 ETB | 14.52 ERN |
| 200 ETB | 19.36 ERN |
| 250 ETB | 24.20 ERN |
| 300 ETB | 29.04 ERN |
| 400 ETB | 38.72 ERN |
| 500 ETB | 48.40 ERN |
| 600 ETB | 58.08 ERN |
| 700 ETB | 67.76 ERN |
| 800 ETB | 77.44 ERN |
| 1,000 ETB | 96.80 ERN |
| 1,500 ETB | 145.20 ERN |
| 2,000 ETB | 193.60 ERN |
| 2,500 ETB | 242.00 ERN |
| 3,000 ETB | 290.40 ERN |
| 4,000 ETB | 387.20 ERN |
| 5,000 ETB | 484.00 ERN |
| 10,000 ETB | 968.00 ERN |
| 15,000 ETB | 1,452.00 ERN |
| 20,000 ETB | 1,936.00 ERN |
| 30,000 ETB | 2,904.00 ERN |
| 40,000 ETB | 3,872.00 ERN |
| 50,000 ETB | 4,840.00 ERN |
| 100,000 ETB | 9,680.00 ERN |
*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 Ethiopia to Eritrea?
With the global remittance market booming, there are so many choices for Ethiopian Birr to ERN 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 Eritrea from Ethiopia. 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 ERN 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 Ethiopia to Eritrea?
Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Eritrea from Ethiopia.At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your ETB to Eritrean Nakfa remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.
You can also register for our daily rate alert to stay aware of the latest exchange rates for ETB to ERN remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.
What's the cheapest way to send money to Eritrea from Ethiopia?
Finding the cheapest way to send money from Ethiopia to Eritrea 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 ETB to ERN 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 Ethiopia to Eritrea 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.
Should I use my bank to send money from Ethiopia to Eritrea?
There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low ETB to ERN exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Ethiopia to Eritrea money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.
Most of the remittance companies today offer bank to bank transfers for sending money to Eritrea from Ethiopia. They do this by letting you fund your transaction through your local bank account in Ethiopia, and by allowing you to choose the payout to be your recipient's bank account in Eritrea. But, you are likely to get much better rates and lower fees compared to your bank.
How to send money from Ethiopia to Eritrea fast?
It could be a stressful experience if you need to rush money quickly from Ethiopia to Eritrea. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?First, you should ensure that you are picking the right payment method to convert ETB to ERN. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.
Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Eritrean Nakfa. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.
Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Ethiopia to Eritrea money transfers.
Which are the best money transfer companies to transfer money to Eritrea from Ethiopia?
Since the Ethiopian Birr to Eritrean Nakfa 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 Ethiopia that may also be able to send money to Eritrea. 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 ETB to ERN money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Eritrea gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Ethiopia to Eritrea transaction.
Step by step guide to transfer money to Eritrea from Ethiopia
Follow the below easy steps to send money to Eritrea from Ethiopia.- 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 Ethiopia bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Eritrea).
- 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.