Ethiopia Currency Rate: Understanding the Basics

The Ethiopian birr is the official currency of Ethiopia, and it's essential to understand its basics before traveling or doing business in the country.

The birr is subdivided into 100 santims, but in practice, santims are not used in everyday transactions.

To give you a better idea, the exchange rate of the Ethiopian birr to the US dollar is around 35 birr per dollar, although this can fluctuate depending on various economic factors.

The Central Bank of Ethiopia is responsible for managing the country's currency and maintaining its stability.

The Ethiopian Birr (ETB) to US Dollar (USD) conversion rate can be quite volatile, but it's essential to know the current rate to make informed decisions. The highest ETB to USD exchange rate in the last year was 0.01779 US Dollars per Ethiopian Birr on January 31, 2024.

The lowest ETB to USD exchange rate in the last year was 0.007869 US Dollars per Ethiopian Birr on January 15, 2025. This significant difference highlights the importance of keeping an eye on exchange rates.

To give you a better idea of the current rate, here are some examples of conversion rates:

These conversion rates are subject to change and may not reflect the current rate. For the most up-to-date information, be sure to check the latest exchange rates.

The ETB to USD exchange rate has fluctuated over the last year, with a high point of 0.01779 US Dollars per Ethiopian Birr on January 31, 2024.

The lowest ETB to USD exchange rate in the last year was 0.007869 US Dollars per Ethiopian Birr on January 15, 2025.

In the last 30 days, the ETB to USD exchange rate reached a high of 0.007956 and a low of 0.007869, with an average rate of 0.007907.

The overall change in the last 30 days was -0.21%, indicating a slight decrease in the value of the Ethiopian Birr compared to the US Dollar.

The ETB to USD exchange rate peaked at 0.008437 and dipped to a low of 0.007869 over the last 90 days, averaging 0.008043.

The total change for this period was -6.57%, showing a significant decrease in the value of the Ethiopian Birr compared to the US Dollar.

Here are the exchange rates for 1, 5, 10, 15, 20, 25, 50, 100, 500, 1,000, 2,500, 5,000, 10,000, 25,000, and 50,000 Ethiopian Birr:

The best ETB to USD exchange rate today is 0.007877 USD, as of January 27, 2025 04:00 PM UTC.

The ETB/USD rate is down -55.46% compared to the same time last year, indicating a significant decrease in the value of the Ethiopian Birr compared to the US Dollar.

The best time to convert ETB to USD is between 3-4 PM GMT, when currency market liquidity and trading volume tend to be the highest.

During this time, exchange rates can fluctuate by the minute, but it's a good opportunity to get a competitive rate.

It's also a good idea to convert ETB to USD early in the week if you need USD urgently, to avoid a delayed settlement until the following week.

Forex markets are closed on weekends, so executing a trade late in the week might result in a delayed settlement until the next week.

The lowest ETB to USD exchange rate in the last year was 0.007869 US Dollars per Ethiopian Birr on January 15, 2025.

This rate is significantly lower than the current rate, which is 0.007877 USD as of January 27, 2025. The ETB/USD rate has even decreased by -55.46% compared to last year, meaning the Ethiopian Birr has lost value against the US Dollar.

The exchange rate can also vary depending on the transfer method, with interbank rates offering the best deal at 0.0079 USD per ETB with no transfer fee. Other transfer methods, such as ATM or credit card rates, can incur fees and lower exchange rates, as seen in the following table:

The Ethiopian Birr's performance against the US Dollar in the last year has been a story of decline. The ETB/USD rate is down -55.46%.

This significant drop in value means that if you exchanged the same amount of Ethiopian Birr a year ago, you would have received a much larger amount of US Dollars.

The low point for the ETB/USD rate was 0.007869 US Dollars per Ethiopian Birr on January 15, 2025, which is a stark reminder of the currency's downward trend.

If you're looking to exchange Ethiopian Birr to US Dollars, it's essential to consider the rates over time. The ETB to USD exchange rate can fluctuate significantly from year to year.

Over the past few years, the ETB to USD exchange rate has shown some interesting trends. For example, in the last 30 days, the rate peaked at $0.007956 and dipped to a low of $0.007869, averaging $0.007907.

Let's take a closer look at the ETB to USD exchange rate for each year from 2016 to 2025. Here's a summary of the rates by year:

Keep in mind that the rates for 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, and 2016 are not available in the provided article section facts.