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Compare today's NOK to ERN (Norwegian Krone to Eritrean Nakfa) exchange rates

Svalbard and Jan Mayen
Eritrea
NOK

Interbank Exchange Rate: 1 NOK = 1.5544 ERN
Updated about an hour ago

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All you need to know about Norwegian Krone to Eritrean Nakfa money transfers

Easily compare money transfer providers in one place to send money from Svalbard and Jan Mayen to Eritrea. Send money overseas to your loved ones by comparing Norwegian Krone (NOK) 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 Svalbard and Jan Mayen.

Were you looking to send money from Eritrea to Svalbard and Jan Mayen 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 NOK to ERN Conversion Rates

Here are some latest NOK to ERN (Norwegian Krone to Eritrean Nakfa) exchange rates for popular conversion amounts*.

1 NOK1.55 ERN
5 NOK7.77 ERN
10 NOK15.54 ERN
25 NOK38.86 ERN
50 NOK77.72 ERN
100 NOK155.44 ERN
150 NOK233.16 ERN
200 NOK310.88 ERN
250 NOK388.60 ERN
300 NOK466.32 ERN
400 NOK621.76 ERN
500 NOK777.20 ERN
600 NOK932.64 ERN
700 NOK1,088.08 ERN
800 NOK1,243.52 ERN
1,000 NOK1,554.40 ERN
1,500 NOK2,331.60 ERN
2,000 NOK3,108.80 ERN
2,500 NOK3,886.00 ERN
3,000 NOK4,663.20 ERN
4,000 NOK6,217.60 ERN
5,000 NOK7,772.00 ERN
10,000 NOK15,544.00 ERN
15,000 NOK23,316.00 ERN
20,000 NOK31,088.00 ERN
30,000 NOK46,632.00 ERN
40,000 NOK62,176.00 ERN
50,000 NOK77,720.00 ERN
100,000 NOK155,440.00 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 Svalbard and Jan Mayen to Eritrea?

With the global remittance market booming, there are so many choices for Norwegian Krone 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 Svalbard and Jan Mayen. 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 remit rate for transferring money from Svalbard and Jan Mayen 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 Svalbard and Jan Mayen. 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 NOK 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 Svalbard and Jan Mayen 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 send money to Eritrea from Svalbard and Jan Mayen?

Finding the cheapest way to send money from Svalbard and Jan Mayen 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 NOK 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 Svalbard and Jan Mayen 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.


How to send money to Eritrea from Svalbard and Jan Mayen 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 Svalbard and Jan Mayen 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 NOK to ERN transfers.

Given this, there are umpteen additional options to send money to Eritrea instead of just your Svalbard and Jan Mayen 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 Norwegian Krone even more so that your recipient in Eritrea gets the maximum amount.


What is the fastest way to do a money transfer to Eritrea from Svalbard and Jan Mayen?

The speed of your Norwegian Krone 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 NOK 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 Svalbard and Jan Mayen 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 Svalbard and Jan Mayen bank to Eritrea bank transfer.


Which are the best money transfer companies to send money to Eritrea from Svalbard and Jan Mayen?

Svalbard and Jan Mayen 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 Norwegian Krone 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 Svalbard and Jan Mayen

The first step to send money to Eritrea from Svalbard and Jan Mayen 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 NOK 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 Svalbard and Jan Mayen 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 Svalbard and Jan Mayen to Eritrea.