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Compare today's ILS to ERN (Israeli New Sheqel to Eritrean Nakfa) exchange rates

Israel
Eritrea
ILS

Interbank Exchange Rate: 1 ILS = 4.8548 ERN
Updated about an hour ago

Found 1 Remittance Service Providers

REMITLY
Read more about Remitly
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 ILS =
4 779.30 ERN
Transfer Limit (ILS): 0 - 20000
Locked-In Rate1 ILS = 4.7793 ERN

📢 Special exchange rate applied for first transfer

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about Israeli New Sheqel to Eritrean Nakfa money transfers

Easily compare money transfer providers in one place to send money from Israel to Eritrea. Send money overseas to your loved ones by comparing Israeli New Sheqel (ILS) 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.

When making a money transfer to Eritrea from Israel, we currently have 1 remittance service providers available.

Remitly currently offers the most competitive rate for sending money to Eritrea and their 1 ILS to ERN exchange rate today is 4.7793.

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 Israel.

Were you looking to send money from Eritrea to Israel 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 ILS to ERN Conversion Rates

Here are some latest ILS to ERN (Israeli New Sheqel to Eritrean Nakfa) exchange rates for popular conversion amounts*.

1 ILS4.85 ERN
5 ILS24.27 ERN
10 ILS48.55 ERN
25 ILS121.37 ERN
50 ILS242.74 ERN
100 ILS485.48 ERN
150 ILS728.22 ERN
200 ILS970.96 ERN
250 ILS1,213.70 ERN
300 ILS1,456.44 ERN
400 ILS1,941.92 ERN
500 ILS2,427.40 ERN
600 ILS2,912.88 ERN
700 ILS3,398.36 ERN
800 ILS3,883.84 ERN
1,000 ILS4,854.80 ERN
1,500 ILS7,282.20 ERN
2,000 ILS9,709.60 ERN
2,500 ILS12,137.00 ERN
3,000 ILS14,564.40 ERN
4,000 ILS19,419.20 ERN
5,000 ILS24,274.00 ERN
10,000 ILS48,548.00 ERN
15,000 ILS72,822.00 ERN
20,000 ILS97,096.00 ERN
30,000 ILS145,644.00 ERN
40,000 ILS194,192.00 ERN
50,000 ILS242,740.00 ERN
100,000 ILS485,480.00 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 Israel to Eritrea?

With the global remittance market booming, there are so many choices for Israeli New Sheqel 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 Israel. 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 remit rate for transferring money from Israel to Eritrea?

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 Eritrea.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Israel to Eritrea 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 ILS to Eritrean Nakfa 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 for transferring money to Eritrea from Israel?

The final amount your recipient gets when you send ILS 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 Israel 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 Israeli New Sheqel 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.


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

We do not recommend using your local bank in Israel for your next ILS to ERN 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 Israel to Eritrea (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 ERN to Eritrea. These companies will let you use your local bank account in Israel to pay for your Eritrea 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 Israel to Eritrea?

If you need to convert ILS 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 Israel 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 Israeli New Sheqel 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 Israel 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 send money from Israel to Eritrea?

Comparing money transfer companies for sending money to Eritrea from Israel 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 Israeli New Sheqel 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 Israeli New Sheqel that you send.


Step by step guide to send money to Eritrea from Israel

The first step to send money to Eritrea from Israel 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 ILS 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 Israel 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 Israel to Eritrea.