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Compare today's GNF to ERN (Guinean Franc to Eritrean Nakfa) exchange rates

Guinea
Eritrea
GNF

Interbank Exchange Rate: 1 GNF = 0.0018 ERN
Updated about an hour ago

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All you need to know about Guinean Franc to Eritrean Nakfa money transfers

Easily compare money transfer providers in one place to send money from Guinea to Eritrea. Send money overseas to your loved ones by comparing Guinean Franc (GNF) 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.

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 Guinea.

Were you looking to send money from Eritrea to Guinea 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 GNF to ERN Conversion Rates

Here are some latest GNF to ERN (Guinean Franc to Eritrean Nakfa) exchange rates for popular conversion amounts*.

1 GNF0.00 ERN
5 GNF0.01 ERN
10 GNF0.02 ERN
25 GNF0.05 ERN
50 GNF0.09 ERN
100 GNF0.18 ERN
150 GNF0.27 ERN
200 GNF0.36 ERN
250 GNF0.45 ERN
300 GNF0.54 ERN
400 GNF0.72 ERN
500 GNF0.90 ERN
600 GNF1.08 ERN
700 GNF1.26 ERN
800 GNF1.44 ERN
1,000 GNF1.80 ERN
1,500 GNF2.70 ERN
2,000 GNF3.60 ERN
2,500 GNF4.50 ERN
3,000 GNF5.40 ERN
4,000 GNF7.20 ERN
5,000 GNF9.00 ERN
10,000 GNF18.00 ERN
15,000 GNF27.00 ERN
20,000 GNF36.00 ERN
30,000 GNF54.00 ERN
40,000 GNF72.00 ERN
50,000 GNF90.00 ERN
100,000 GNF180.00 ERN

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money from Guinea to Eritrea?

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 Guinea to Eritrea. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Guinean Franc to ERN.

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 GNF to ERN in Eritrea. 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 Eritrea from Guinea. We provide you with maximum choices to send money to Eritrea by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best remit rate for transferring money from Guinea 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 Guinea.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your GNF 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 GNF 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 Guinea?

The final amount your recipient gets when you send GNF to ERN 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 Guinea to Eritrea 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 Eritrean Nakfa 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 Guinean Franc to Eritrea 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 to Eritrea from Guinea 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 Guinea to Eritrea 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 GNF to ERN transfers.

Given this, there are umpteen additional options to send money to Eritrea instead of just your Guinea 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 Guinean Franc even more so that your recipient in Eritrea gets the maximum amount.


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

If you need to convert GNF to ERN 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 Guinea to Eritrea 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 Guinean Franc to Eritrean Nakfa 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 Eritrea.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Guinea to Eritrea. 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 transfer money from Guinea to Eritrea?

Comparing money transfer companies for sending money to Eritrea from Guinea can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Eritrea. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Guinean Franc to Eritrean Nakfa transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Eritrean Nakfa yield on every Guinean Franc that you send.


Step by step guide to do a money transfer from Guinea to Eritrea

The first step to send money to Eritrea from Guinea 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 GNF to ERN 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 Eritrea if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Guinea bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Eritrea!

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 Guinea to Eritrea.