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Compare today's KRW to ERN (South Korean Won to Eritrean Nakfa) exchange rates

South Korea
Eritrea
KRW

Interbank Exchange Rate: 1 KRW = 0.0103 ERN
Updated about an hour ago

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All you need to know about South Korean Won to Eritrean Nakfa money transfers

Easily compare money transfer providers in one place to send money from South Korea to Eritrea. Send money overseas to your loved ones by comparing South Korean Won (KRW) 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 South Korea.

Were you looking to send money from Eritrea to South 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 KRW to ERN Conversion Rates

Here are some latest KRW to ERN (South Korean Won to Eritrean Nakfa) exchange rates for popular conversion amounts*.

1 KRW0.01 ERN
5 KRW0.05 ERN
10 KRW0.10 ERN
25 KRW0.26 ERN
50 KRW0.52 ERN
100 KRW1.03 ERN
150 KRW1.55 ERN
200 KRW2.06 ERN
250 KRW2.58 ERN
300 KRW3.09 ERN
400 KRW4.12 ERN
500 KRW5.15 ERN
600 KRW6.18 ERN
700 KRW7.21 ERN
800 KRW8.24 ERN
1,000 KRW10.30 ERN
1,500 KRW15.45 ERN
2,000 KRW20.60 ERN
2,500 KRW25.75 ERN
3,000 KRW30.90 ERN
4,000 KRW41.20 ERN
5,000 KRW51.50 ERN
10,000 KRW103.00 ERN
15,000 KRW154.50 ERN
20,000 KRW206.00 ERN
30,000 KRW309.00 ERN
40,000 KRW412.00 ERN
50,000 KRW515.00 ERN
100,000 KRW1,030.00 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 from South Korea to Eritrea?

It can be very confusing when sending money from South Korea to Eritrea given so many choices. Additionally, South Korean Won 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 South Korea 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 South Korea. 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 South Korean Won to Eritrean Nakfa remittances.


How to get the best rate to transfer money to Eritrea from South Korea?

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 South Korea.

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

The final amount your recipient gets when you send KRW to ERN is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from South Korea to Eritrea used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Eritrean Nakfa is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best South Korean Won to Eritrea exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


How to send money to Eritrea from South Korea through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your South Korea to Eritrea money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like KRW to ERN transfers.

Given this, there are umpteen additional options to send money to Eritrea instead of just your South Korea bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your South Korean Won even more so that your recipient in Eritrea gets the maximum amount.


How to send money from South Korea to Eritrea fast?

The speed of your South 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 KRW 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 South 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 South Korea bank to Eritrea bank transfer.


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

Comparing money transfer companies for sending money to Eritrea from South Korea 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 South Korean Won 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 South Korean Won that you send.


Step by step guide to send money from South Korea to Eritrea

With so many possible ways to transfer South Korean Won 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 South Korea 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 South Korea 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 KRW to Eritrean Nakfa money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.