Skip to main content

Best Eritrean nakfa exchange rate

Compare today’s best exchange rate for Eritrean nakfa. We compare live prices for money transfer providers in Canada — so you can get the best value for your money.

Planning to send Eritrean nakfa with Wise? Sign up and get notified when we launch.

Sign up to the waiting list
Mid-market exchange rate

Few seconds ago

CAD
The above information applies when you pay in via bank transfer. 

How to get the best Eritrean nakfa exchange rate

We collect fees and rates from the most popular money transfer providers — so you don’t have to. We calculate the full price you’ll pay when sending CAD to ERN with each provider — including the hidden markup in the exchange rate.

We want to bring you the best Eritrean nakfa rate possible, so we’ve compared the prices for sending money from one bank account to another. Sending cash or sending a money transfer from a bank branch usually costs more in extra fees.

The Wise app makes it easy to send money across the world, at the real, mid-market exchange rate.

Why does getting a good Eritrean nakfa exchange rate matter?

It’s simple. The lower the cost of converting your money to ERN, the more money for you. That’s why it’s important to see the full cost of an international transfer before you send it.

When sending money abroad, banks or other providers will likely charge you a conversion fee. But that’s not all. Hidden markups in the exchange rate can end up costing even more than the conversion fee itself. This means that when sending international transfers, many banks and providers charge you twice. All without telling you.

And if you decide to convert your money in cash, you could be charged:

- a conversion fee

- a hidden markup in the exchange rate

- and extra delivery charges, if you’re ordering your money in advance

You should always look for the best possible exchange rate, regardless of the conversion method you’re using.

With Wise, you can manage your money across more than 40 currencies, without any hidden fees.

The exchange rate scandal

1. Banks trade at the real rate. When exchanging Eritrean nakfa between themselves, banks and transfer services use the mid-market rate (also known as the interbank rate). It’s the fairest possible rate. The real exchange rate.

2. They add a hidden markup for customers. This is why you’ll see different exchange rates across providers. You’re paying the difference between the mid-market rate and the rate quoted by your transfer service.

3. You lose money. You’re charged the hidden markup when you make a transfer — often without even realising. Even when services claim to have zero fees, you’re still being charged.

We've had enough of hidden fees.

Waiting for the best rate to transfer Eritrean nakfa

Knowing when to transfer ERN can be tricky. Exchange rates are often volatile, as they react to economic and political events. And rates move so quickly — when you find the right time, how do you lock it in?

We can let you know when it gets better. Sign up for rate alerts, and you’ll get live updates straight to your inbox.

right-time.image.alt

Send money with the real exchange rate