Compare today's XOF to ERN (CFA Franc BCEAO to Eritrean Nakfa) exchange rates
Interbank Exchange Rate: 1 XOF = 0.0271 ERN
Updated about an hour ago
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All you need to know about CFA Franc BCEAO to Eritrean Nakfa money transfers
Easily compare money transfer providers in one place to send money from Niger to Eritrea. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) 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 Niger.
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Latest XOF to ERN Conversion Rates
Here are some latest XOF to ERN (CFA Franc BCEAO to Eritrean Nakfa) exchange rates for popular conversion amounts*.
| 1 XOF | 0.03 ERN |
| 5 XOF | 0.14 ERN |
| 10 XOF | 0.27 ERN |
| 25 XOF | 0.68 ERN |
| 50 XOF | 1.36 ERN |
| 100 XOF | 2.71 ERN |
| 150 XOF | 4.06 ERN |
| 200 XOF | 5.42 ERN |
| 250 XOF | 6.77 ERN |
| 300 XOF | 8.13 ERN |
| 400 XOF | 10.84 ERN |
| 500 XOF | 13.55 ERN |
| 600 XOF | 16.26 ERN |
| 700 XOF | 18.97 ERN |
| 800 XOF | 21.68 ERN |
| 1,000 XOF | 27.10 ERN |
| 1,500 XOF | 40.65 ERN |
| 2,000 XOF | 54.20 ERN |
| 2,500 XOF | 67.75 ERN |
| 3,000 XOF | 81.30 ERN |
| 4,000 XOF | 108.40 ERN |
| 5,000 XOF | 135.50 ERN |
| 10,000 XOF | 271.00 ERN |
| 15,000 XOF | 406.50 ERN |
| 20,000 XOF | 542.00 ERN |
| 30,000 XOF | 813.00 ERN |
| 40,000 XOF | 1,084.00 ERN |
| 50,000 XOF | 1,355.00 ERN |
| 100,000 XOF | 2,710.00 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 Niger?
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 Niger 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 CFA Franc BCEAO 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 XOF 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 Niger. 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 Niger to Eritrea?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Eritrea from Niger. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.One way you could eliminate the manual work to search and compare providers for your XOF to Eritrean Nakfa money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.
We are also constantly adding new partners for the Niger to Eritrea corridor to give you more good choices for your next ERN money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way for transferring money to Eritrea from Niger?
While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Niger to Eritrea via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.A sure way to find the most cost effective way for CFA Franc BCEAO to Eritrean Nakfa remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.
Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Niger to Eritrea exchange rate.
Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for XOF to ERN remittances.
Should I use my bank to transfer money from Niger to Eritrea?
Bank transfers have been a traditionally popular way to send money overseas from Niger 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 XOF 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 Niger 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 Niger?
It could be a stressful experience if you need to rush money quickly from Niger 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 XOF 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 Niger to Eritrea money transfers.
Which are the best money transfer companies to send money from Niger to Eritrea?
Since the CFA Franc BCEAO 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 Niger 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 XOF 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 Niger to Eritrea transaction.
Step by step guide to send money to Eritrea from Niger
Follow the below easy steps to send money to Eritrea from Niger.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Niger bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Eritrea).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.