Formal:
* איך בין געאײַנט (ikh bin ge'eynt) - This is the most literal translation, meaning "I am honored". It's a formal and respectful way to express your gratitude.
Informal:
* איך בין באַשאַמט (ikh bin beshamet) - This means "I am ashamed", but in this context, it conveys a sense of humility and gratitude. It's a more informal and colloquial way of saying "I am honored".
* עס איז מיר אַ כּבוד (es iz mir a khevud) - This means "It is an honor for me", and is a less direct way of expressing your gratitude.
* איך בין פֿרײַ (ikh bin frey) - This means "I am happy" or "I am glad", and can be used to express your excitement about the honor bestowed upon you.
The best choice will depend on the specific situation and the relationship you have with the person you are speaking to.