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

Montenegro
Eritrea
EUR

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

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All you need to know about Euro to Eritrean Nakfa money transfers

Easily compare money transfer providers in one place to send money from Montenegro 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.

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 Montenegro.

Were you looking to send money from Eritrea to Montenegro 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 Montenegro to Eritrea?

Sending money internationally to Eritrea from Montenegro 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 Euro 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 exchange rate for sending money from Montenegro to Eritrea?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Montenegro to Eritrea transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your EUR to Eritrean Nakfa international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Euro to Eritrean Nakfa exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way for transferring money to Eritrea from Montenegro?

When you want to send money to Eritrea from Montenegro, 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 EUR 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 Montenegro 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 Montenegro 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.


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

Bank transfers have been a traditionally popular way to send money overseas from Montenegro to Eritrea. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the EUR to ERN exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Montenegro bank for your Eritrea money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


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

It could be a stressful experience if you need to rush money quickly from Montenegro 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 EUR 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 Montenegro to Eritrea money transfers.


Which are the best money transfer companies to send money from Montenegro to Eritrea?

Comparing money transfer companies for sending money to Eritrea from Montenegro 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 Euro 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 Euro that you send.


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

The first step to send money to Eritrea from Montenegro 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 EUR 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 Montenegro 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 Montenegro to Eritrea.