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Compare today's MVR to ERN (Maldivian Rufiyaa to Eritrean Nakfa) exchange rates

Maldives
Eritrea
MVR

Interbank Exchange Rate: 1 MVR = 0.9703 ERN
Updated about an hour ago

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All you need to know about Maldivian Rufiyaa to Eritrean Nakfa money transfers

Easily compare money transfer providers in one place to send money from Maldives to Eritrea. Send money overseas to your loved ones by comparing Maldivian Rufiyaa (MVR) 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 Maldives.

Were you looking to send money from Eritrea to Maldives 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 MVR to ERN Conversion Rates

Here are some latest MVR to ERN (Maldivian Rufiyaa to Eritrean Nakfa) exchange rates for popular conversion amounts*.

1 MVR0.97 ERN
5 MVR4.85 ERN
10 MVR9.70 ERN
25 MVR24.26 ERN
50 MVR48.52 ERN
100 MVR97.03 ERN
150 MVR145.55 ERN
200 MVR194.06 ERN
250 MVR242.58 ERN
300 MVR291.09 ERN
400 MVR388.12 ERN
500 MVR485.15 ERN
600 MVR582.18 ERN
700 MVR679.21 ERN
800 MVR776.24 ERN
1,000 MVR970.30 ERN
1,500 MVR1,455.45 ERN
2,000 MVR1,940.60 ERN
2,500 MVR2,425.75 ERN
3,000 MVR2,910.90 ERN
4,000 MVR3,881.20 ERN
5,000 MVR4,851.50 ERN
10,000 MVR9,703.00 ERN
15,000 MVR14,554.50 ERN
20,000 MVR19,406.00 ERN
30,000 MVR29,109.00 ERN
40,000 MVR38,812.00 ERN
50,000 MVR48,515.00 ERN
100,000 MVR97,030.00 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 to Eritrea from Maldives?

Sending money internationally to Eritrea from Maldives can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Maldivian Rufiyaa to ERN remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Eritrea. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Eritrean Nakfa.


How to get the best rate to transfer money to Eritrea from Maldives?

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 Maldives.

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

When you want to send money to Eritrea from Maldives, you obviously want the cheapest possible option to maximize the money your recipient gets in Eritrean Nakfa. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your MVR to ERN money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Maldives to Eritrea. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Maldives to Eritrea exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Eritrean Nakfa overseas.


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

Big banks in Maldives are known to make a lot of money by charging high fees on Eritrea money transfers from Maldives. 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 MVR 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 Maldives to Eritrea. You work hard for your money, so you should also ensure you get the maximum yield when you send ERN overseas.


What is the fastest way to transfer money from Maldives to Eritrea?

The speed of your Maldivian Rufiyaa 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 MVR 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 Maldives 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 Maldives bank to Eritrea bank transfer.


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

Since the Maldivian Rufiyaa 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 Maldives 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 MVR 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 Maldives to Eritrea transaction.


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

With so many possible ways to transfer Maldivian Rufiyaa to Eritrean Nakfa, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Maldives to Eritrea remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Maldives and the receiver in Eritrea. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your MVR to Eritrean Nakfa money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.