GHS 1 = ERN 0.97024
Convert1 GHS = 0.97024 ERN | 1 ERN = 1.03067 GHS
Last Updated Feb 14, 5:30 ISTOur converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.
GHS to ERN Exchange Rate Chart
1 GHS = 0.97024 ERN
The exchange value of 1 GHS in Eritrean Nakfa is 0.970 ERN as on Feb 14.
You can check the exchange rate of 1 Ghanaian Cedi to Eritrean Nakfa by using the Paytm currency exchange rate calculator.
All you need to do to see the exchange 1 GHS to ERN online is as follows:.
There are several online ways to convert GHS to ERN.
Most banks in India allow GHS to ERN conversion through their internet banking or mobile apps.
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Apps like Wise, PayPal, and Western Union allow GHS to ERN conversion quickly.
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A Forex card is a prepaid card that holds multiple currencies, including GHS.
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Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.
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There are several offline methods to exchange GHS to ERN. Let‘s explore them.
1. Banks
Banks offer currency exchange services at competitive rates. You need to visit a branch with your GHS cash and exchange it for ERN.
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Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline GHS to ERN conversion.
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Airports have forex counters where travelers can exchange GHS to ERN.
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Some hotels and travel agencies offer currency exchange services for guests.
Steps to Exchange GHS to ERN at a Hotel or Travel Agency:
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In busy markets and tourist spots, you may find local money changers who exchange GHS for ERN
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Most offline exchanges require identity proof. Here are the common documents needed:
Document Type | Required For |
---|---|
Passport | All exchanges (mandatory for foreigners) |
Always carry a valid ID when exchanging currency.
Method | Exchange Rate | Transfer Fee | Availability | Speed |
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Bank Transfer | Low | Low | Limited hours | 1-3 days |
Any Third Party App | High | Low | 24/7 | Instant/Few minutes |
Forex Card | Medium | Low | 24/7 | Instant |
Crypto Exchange | High | Low | 24/7 | Few minutes |
Exchange Centers | Good | Medium | Widely available | Few minutes |
Airport Counters | High | High | 24/7 at airports | Few minutes |
Hotels/Agencies | Very High | Medium | Only for guests | Few minutes |
Local Money Changers | Varies | Low | Risky but quick | Few minutes |
Converting Ghanaian Cedi (GHS) to Eritrean Nakfa (ERN) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:
GHS is a strong and widely traded currency. If the exchange rate is favorable, converting GHS to ERN can give you more value for your money.
Since 1 GHS equals a significantly higher amount in ERN, converting GHS to ERN increases your purchasing power, allowing you to afford more goods and services in Eritrea.
If you‘re an NRI, tourist, or returning from the Ghana, converting GHS to ERN ensures you have local currency for daily expenses, shopping, and travel within Eritrea.
Converting GHS to ERN can help you invest in Eritrea assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Ghana markets.
Using a direct GHS to ERN conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.
For businesses involved in international trade, converting GHS to ERN at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.
By choosing the right conversion method and timing, you can maximize the benefits of GHS to ERN exchange.
Source of the rates:apilayer.com