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Compare today's TMT to ERN (Turkmenistan Manat to Eritrean Nakfa) exchange rates

Turkmenistan
Eritrea
TMT

Interbank Exchange Rate: 1 TMT = 4.2797 ERN
Updated about an hour ago

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All you need to know about Turkmenistan Manat to Eritrean Nakfa money transfers

Easily compare money transfer providers in one place to send money from Turkmenistan to Eritrea. Send money overseas to your loved ones by comparing Turkmenistan Manat (TMT) 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 Turkmenistan.

Were you looking to send money from Eritrea to Turkmenistan 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.

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Latest TMT to ERN Conversion Rates

Here are some latest TMT to ERN (Turkmenistan Manat to Eritrean Nakfa) exchange rates for popular conversion amounts*.

1 TMT4.28 ERN
5 TMT21.40 ERN
10 TMT42.80 ERN
25 TMT106.99 ERN
50 TMT213.99 ERN
100 TMT427.97 ERN
150 TMT641.96 ERN
200 TMT855.94 ERN
250 TMT1,069.93 ERN
300 TMT1,283.91 ERN
400 TMT1,711.88 ERN
500 TMT2,139.85 ERN
600 TMT2,567.82 ERN
700 TMT2,995.79 ERN
800 TMT3,423.76 ERN
1,000 TMT4,279.70 ERN
1,500 TMT6,419.55 ERN
2,000 TMT8,559.40 ERN
2,500 TMT10,699.25 ERN
3,000 TMT12,839.10 ERN
4,000 TMT17,118.80 ERN
5,000 TMT21,398.50 ERN
10,000 TMT42,797.00 ERN
15,000 TMT64,195.50 ERN
20,000 TMT85,594.00 ERN
30,000 TMT128,391.00 ERN
40,000 TMT171,188.00 ERN
50,000 TMT213,985.00 ERN
100,000 TMT427,970.00 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 Turkmenistan to Eritrea?

With the global remittance market booming, there are so many choices for Turkmenistan Manat 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 Turkmenistan. 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 Turkmenistan?

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 Turkmenistan 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 TMT 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 Turkmenistan Manat 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 to send money from Turkmenistan to Eritrea?

The final amount your recipient gets when you send TMT 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 Turkmenistan 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 Turkmenistan Manat 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.


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

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low TMT to ERN exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Turkmenistan to Eritrea money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Eritrea from Turkmenistan. They do this by letting you fund your transaction through your local bank account in Turkmenistan, and by allowing you to choose the payout to be your recipient's bank account in Eritrea. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money to Eritrea from Turkmenistan fast?

The first thing to do when you need to convert TMT to ERN quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Turkmenistan Manat and Eritrean Nakfa. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Turkmenistan to Eritrea remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Eritrea.


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

Since the Turkmenistan Manat 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 Turkmenistan 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 TMT 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 Turkmenistan to Eritrea transaction.


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

The first step to send money to Eritrea from Turkmenistan 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 TMT 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 Turkmenistan 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 Turkmenistan to Eritrea.