Ethiopian Currency to USD | Understanding the Birr to US Dollar Exchange

The Ethiopian Birr, also known as ETB, is the official currency of Ethiopia. It's a bit tricky to navigate for tourists and expats, but don't worry, we've got you covered.

The Birr is divided into 100 sub-units called cents, but don't get too excited, cents aren't actually used in everyday transactions. The Ethiopian government has been considering introducing a new currency, but so far, nothing has been officially announced.

To make things easier, the Ethiopian government has set a fixed exchange rate between the Birr and the US Dollar, which is currently around 35 ETB to 1 USD. This rate can fluctuate depending on market conditions, but it's a good starting point for your travel plans.

The current USD rates for Ethiopian Birr (ETB) are fluctuating, but as of 17/01/2025 13:23, 1 ETB is equivalent to 0.0079 USD.

You can use a live currency converter to get the latest rates, and it's a good idea to check the exchange rate history to see how the value of ETB has changed over the past 14 days.

Here's a quick summary of the exchange rate history for ETB to USD over the past 14 days:

Keep in mind that exchange rates can change rapidly, so it's essential to check the current rate before making any transactions.

You can use the currency converter tool to easily convert Ethiopian Birr (ETB) to United States Dollar (USD).

The tool provides a handy conversion table that lists various exchange rates, such as 1 ETB = 0.0077 USD or 50 ETB = 0.38513 USD.

You can also use the currency converter to convert 90 Ethiopian Birr to other currencies, such as Australian Dollar, Brazilian Real, or British Pound.

The conversion rates are updated regularly, so you can get the latest exchange rates.

The United States Dollar (USD) is the currency we're converting our Ethiopian Birr (ETB) to, and it's great to know that 1 ETB is equivalent to 0.0077 USD.

In practical terms, if you have 10 ETB, you can exchange it for 0.07703 USD. This exchange rate is based on the conversion table provided earlier.

The conversion rate is consistent, so if you have 50 ETB, you can exchange it for 0.38513 USD, which is a more substantial amount.

The USD is a major player in the foreign exchange market, and understanding its key terms is essential for navigating its complexities.

An exchange rate is the value of one currency expressed in terms of another, which is why the foreign exchange market is a global necessity.

The bid price is the price a buyer is willing to pay for a unit of currency, while the ask price is the price a seller is willing to accept.

The bid-ask spread is the difference between these two prices, and it's where brokers, banks, and businesses make their profit.

A pip is the smallest unit of value in a bid-ask spread, making it a crucial factor in currency trading.

A currency pair is a quote of the relative value of one currency unit against another, with the first currency being the base currency and the second being the quote currency.

The interbank rate is the wholesale exchange rate that banks use when trading with each other, and it's a key factor in determining the exchange rate.

Major currencies, such as the USD, Euro, and Japanese yen, are the most traded currencies and generally stay the same year-to-year.

The USD is often paired with other major currencies, making it a major currency pair.

The factors that influence the value of the US dollar (USD) are numerous and complex, but let's break it down to the basics.

Differences in inflation rates can significantly impact the exchange rate of the USD. Economies with low inflation rates tend to see an increase in currency value as purchasing power rises.

Interest rates also play a crucial role in determining the value of the USD. Higher interest rates can attract foreign investors, increasing demand for the currency and driving up its value.

Trade deficits can weaken the USD, as a country that spends more than it earns through foreign trade requires more foreign currency than it receives. This can lead to a decrease in the currency's value.

Politics can also influence the exchange rate of the USD. Economies with stable politics and a reputation for being a good place to invest tend to have a stronger currency.

Here are the key factors that influence the exchange rate of the USD:

Forex rates can change every second, with trillions of dollars traded daily. The foreign exchange market, or forex, is a global, decentralized market where most currency transactions take place.

The most common forex transactions are exchanges between the U.S. dollar and European euro, the U.S. dollar and the Japanese yen, and the U.S. dollar to the British pound Sterling. These transactions are typically done in real-time, with exchange rates changing rapidly.

To understand forex quotes, consider this example: EUR/USD 1.366, where EUR is the base currency and USD is the quote currency. This means that one euro is worth $1.366 USD.

Here are some common forex transactions:

The base currency always equals exactly one, while the quote currency is the amount of currency you get in exchange for one unit of the base currency.

The USD history graph shows us how the value of the United States Dollar has changed over time.

If you're interested in seeing the history of the Ethiopian Birr (ETB) to United States Dollar (USD) exchange rate, you can visit the ETB/USD Exchange Rates History page.

The exchange rate for 90 ETB to USD on Sunday 02/02/2025 was 0.6917 USD. On Saturday 01/02/2025, it was 0.70169 USD.

The exchange rate has fluctuated over the past few days, with a high of 0.71485 USD on Thursday 30/01/2025 and a low of 0.70073 USD on Sunday 26/01/2025 and Saturday 25/01/2025.

Here's a list of some of the exchange rates for other currencies against the USD:

If you're looking for a more detailed history of the exchange rate, you can check the Exchange Rate History For Converting Ethiopian Birr (ETB) to Dollars (USD) page, which shows the exchange rate for the past 14 days.

The last 14 days of exchange rates show a stable rate of 0.0079 USD per ETB from January 12th to January 9th, 2025.

Forex rates are constantly changing, and it's essential to stay up-to-date with the latest exchange rates. The forex market is a global, decentralized market where currencies are traded.

Each day, trillions of dollars worth of currency are traded, and exchange rates change every second. The most common forex transactions are exchanges between the U.S. dollar and European euro, the U.S. dollar and the Japanese yen, and the U.S. dollar to the British pound Sterling.

A forex quote always consists of two currencies, a base currency and a quote currency. The base currency always equals exactly one, and the quote currency is the amount of the base currency that can be exchanged for one unit of the quote currency.

Here's an example of a forex quote: EUR/USD 1.366, which means one euro is worth $1.366 USD. The base currency is EUR, and the quote currency is USD.

Forex quotes can be found in various formats, including the buying rate and the selling rate. The buying rate is the price at which you can buy a currency, and the selling rate is the price at which you can sell a currency.

Here's a list of some of the most common forex quotes:

Forex rates can be affected by various factors, including economic indicators, political events, and global market trends. It's essential to stay informed and up-to-date with the latest forex news and analysis to make informed trading decisions.

The most common base currencies are EUR (European Union euros), GBP (British pounds), AUD (Australian dollars), and USD (U.S. dollars). The base currency always equals exactly one, and the quote currency is the amount of the base currency that can be exchanged for one unit of the quote currency.

Forex quotes can be used to calculate the value of a currency in relation to another currency. For example, if the EUR/USD rate is 1.366, you can calculate the value of one euro in U.S. dollars by multiplying the rate by the number of euros you want to exchange.

Forex rates can be found online through various currency conversion tools and websites. These tools provide real-time exchange rates and allow you to convert currencies easily.

The forex market is a global, decentralized market where currencies are traded. Each day, trillions of dollars worth of currency are traded, and exchange rates change every second.

Forex quotes can be found in various formats, including the buying rate and the selling rate. The buying rate is the price at which you can buy a currency, and the selling rate is the price at which you can sell a currency.

Here's a list of some of the most common base currencies:

Forex rates can be affected by various factors, including economic indicators, political events, and global market trends. It's essential to stay informed and up-to-date with the latest forex news and analysis to make informed trading decisions.