Compare today's KPW to ERN (North Korean Won to Eritrean Nakfa) exchange rates
Interbank Exchange Rate: 1 KPW = 0.0167 ERN
Updated about an hour ago
Found 0 Remittance Service Providers
0 Remit Service Providers did not match the search criteria.
All you need to know about North Korean Won to Eritrean Nakfa money transfers
Easily compare money transfer providers in one place to send money from North Korea to Eritrea. Send money overseas to your loved ones by comparing North Korean Won (KPW) 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 North Korea.
Were you looking to send money from Eritrea to North Korea 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 KPW to ERN Conversion Rates
Here are some latest KPW to ERN (North Korean Won to Eritrean Nakfa) exchange rates for popular conversion amounts*.
| 1 KPW | 0.02 ERN |
| 5 KPW | 0.08 ERN |
| 10 KPW | 0.17 ERN |
| 25 KPW | 0.42 ERN |
| 50 KPW | 0.84 ERN |
| 100 KPW | 1.67 ERN |
| 150 KPW | 2.51 ERN |
| 200 KPW | 3.34 ERN |
| 250 KPW | 4.18 ERN |
| 300 KPW | 5.01 ERN |
| 400 KPW | 6.68 ERN |
| 500 KPW | 8.35 ERN |
| 600 KPW | 10.02 ERN |
| 700 KPW | 11.69 ERN |
| 800 KPW | 13.36 ERN |
| 1,000 KPW | 16.70 ERN |
| 1,500 KPW | 25.05 ERN |
| 2,000 KPW | 33.40 ERN |
| 2,500 KPW | 41.75 ERN |
| 3,000 KPW | 50.10 ERN |
| 4,000 KPW | 66.80 ERN |
| 5,000 KPW | 83.50 ERN |
| 10,000 KPW | 167.00 ERN |
| 15,000 KPW | 250.50 ERN |
| 20,000 KPW | 334.00 ERN |
| 30,000 KPW | 501.00 ERN |
| 40,000 KPW | 668.00 ERN |
| 50,000 KPW | 835.00 ERN |
| 100,000 KPW | 1,670.00 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 North Korea?
With the global remittance market booming, there are so many choices for North Korean Won 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 North Korea. 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 rate to transfer money to Eritrea from North Korea?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Eritrea from North Korea. 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 KPW 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 North Korea 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 to transfer money from North Korea to Eritrea?
Finding the cheapest way to send money from North Korea 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 KPW 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 North Korea 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.
Should I use my bank to transfer money from North Korea to Eritrea?
Bank transfers have been a traditionally popular way to send money overseas from North Korea 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 KPW 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 North Korea 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.
How to send money to Eritrea from North Korea fast?
The speed of your North Korean Won 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 KPW 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 North Korea 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 North Korea bank to Eritrea bank transfer.
Which are the best money transfer companies to send money from North Korea to Eritrea?
North Korea 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 North Korean Won 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 to Eritrea from North Korea
Follow the below easy steps to send money to Eritrea from North Korea.- 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 North Korea 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.