Send money overseas with Bancoli to take advantage of bank-beating exchange rates

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

Luxembourg
Eritrea
EUR

Interbank Exchange Rate: 1 EUR = 17.7548 ERN
Updated about an hour ago

Found 1 Remittance Service Providers

(*)(*)(*)(*)(*)
1000 EUR =
17 310.00 ERN
Transfer Limit (EUR): 1 - 10000
Locked-In Rate1 EUR = 17.3100 ERN

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 Euro to Eritrean Nakfa money transfers

Easily compare money transfer providers in one place to send money from Luxembourg to Eritrea. Send money overseas to your loved ones by comparing Euro (EUR) 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 Luxembourg, we currently have 1 remittance service providers available.

Ria Money Transfer currently offers the most competitive rate for sending money to Eritrea and their 1 EUR to ERN exchange rate today is 17.3100.

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 Luxembourg.

Were you looking to send money from Eritrea to Luxembourg 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 EUR to ERN Conversion Rates

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

1 EUR17.75 ERN
5 EUR88.77 ERN
10 EUR177.55 ERN
25 EUR443.87 ERN
50 EUR887.74 ERN
100 EUR1,775.48 ERN
150 EUR2,663.22 ERN
200 EUR3,550.96 ERN
250 EUR4,438.70 ERN
300 EUR5,326.44 ERN
400 EUR7,101.92 ERN
500 EUR8,877.40 ERN
600 EUR10,652.88 ERN
700 EUR12,428.36 ERN
800 EUR14,203.84 ERN
1,000 EUR17,754.80 ERN
1,500 EUR26,632.20 ERN
2,000 EUR35,509.60 ERN
2,500 EUR44,387.00 ERN
3,000 EUR53,264.40 ERN
4,000 EUR71,019.20 ERN
5,000 EUR88,774.00 ERN
10,000 EUR177,548.00 ERN
15,000 EUR266,322.00 ERN
20,000 EUR355,096.00 ERN
30,000 EUR532,644.00 ERN
40,000 EUR710,192.00 ERN
50,000 EUR887,740.00 ERN
100,000 EUR1,775,480.00 ERN

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


What's the best way to transfer money from Luxembourg to Eritrea?

It can be very confusing when sending money from Luxembourg to Eritrea given so many choices. Additionally, Euro to ERN exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Luxembourg to Eritrea as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Eritrea from Luxembourg. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Euro to Eritrean Nakfa remittances.


How to get the best exchange rate for your money transfers from Luxembourg to 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 EUR to Eritrean Nakfa 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 Luxembourg to Eritrea. 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 EUR to ERN 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 Eritrea from Luxembourg?

Finding the cheapest way to send money from Luxembourg 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 EUR 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 Luxembourg 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.


How to send money to Eritrea from Luxembourg through a bank?

Big banks in Luxembourg are known to make a lot of money by charging high fees on Eritrea money transfers from Luxembourg. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a EUR to ERN exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Eritrea. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Luxembourg to Eritrea. You work hard for your money, so you should also ensure you get the maximum yield when you send ERN overseas.


How to send money to Eritrea from Luxembourg fast?

The speed of your Euro to Eritrean Nakfa funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert EUR to ERN. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Eritrea from Luxembourg is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Eritrea if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout ERN into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Luxembourg bank to Eritrea bank transfer.


Which are the best money transfer companies to transfer money to Eritrea from Luxembourg?

Luxembourg to Eritrea money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Eritrea as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Euro to Eritrean Nakfa money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to send money from Luxembourg to Eritrea

There are many important aspects of Luxembourg to Eritrea remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Luxembourg bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include ERN bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Euro amount you want to send from Luxembourg.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Eritrea to validate that they get the money once the transaction clears.