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Ethiopia - Ethiopian Birr - Currency Guide

 

Foreign exchange guide to Ethiopia and the Ethiopian Birr (ETB)

     

USD/ETB 90-day view

USDETB at 38.25 is 2.5% above its 90-DAY average, range 36.03-38.28.
|
1-DAY0.7% (2d)90-DAY-HIGH (1d)
 
Recent USD to ETB 90-day trend
   

ETB News, Forecasts and Trends

The above interactive chart shows the USD to ETB exchange rate, trend and recent alerts for the last 90 days.

US Dollar to Ethiopian Birr - Historical Rates

USD/ETBChangePeriod
37.9700
27 Nov 2020
0.7% ▲1 Week
37.8472
04 Nov 2020
1.1% ▲30 Days
36.3652
05 Sep 2020
5.2% ▲90 Days
30.8500
05 Dec 2019
24% ▲1 Year
21.0295
06 Dec 2015
81.9% ▲5 Years
12.6959
07 Dec 2010
201.3% ▲10 Years

USD/ETB 10 year historic rates & change to 04-Dec-2020 : 38.2500

 

U$10,000 USD
=
Br382,500 ETB

Converted at USD/ETB interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to Ethiopian Birr - Quick Conversions

USD ETB
U$ 1 Br 38.25
U$ 5 Br 191.25
U$ 10 Br 382.50
U$ 20 Br 765.00
U$ 50 Br 1,913
U$ 100 Br 3,825
U$ 250 Br 9,563
U$ 500 Br 19,125
U$ 1,000 Br 38,250
U$ 2,000 Br 76,500
U$ 5,000 Br 191,250
U$ 10,000 Br 382,500
U$ 50,000 Br 1,912,500
U$ 100,000 Br 3,825,000
More amounts
USD ETB
U$ 0.0261 Br 1
U$ 0.1307 Br 5
U$ 0.2614 Br 10
U$ 0.5229 Br 20
U$ 1.3072 Br 50
U$ 2.6144 Br 100
U$ 6.5360 Br 250
U$ 13.07 Br 500
U$ 26.14 Br 1,000
U$ 52.29 Br 2,000
U$ 130.72 Br 5,000
U$ 261.44 Br 10,000
U$ 1,307 Br 50,000
U$ 2,614 Br 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Ethiopia?

The domestic currency in Ethiopia is the Ethiopian Birr.

What is the Ethiopian Birr currency code and symbol?

The three letter currency code for the Ethiopian Birr is ETB — symbol is Br.

Which countries use the Ethiopian Birr?

It is the domestic currency in    Ethiopia.

Is the Ethiopian Birr a closed currency?

Yes the Ethiopian Birr is a closed currency. Which means that you may find it difficult to purchase the currency (ETB) before departure and will probably need to buy it upon arrival. If you do manage to buy some of the currency or have some left over from a previous trip, make sure you are aware if you are allowed to bring this closed currency into the country.

For more information and a full list of closed currencies please refer to our guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Ethiopia

Travel money for Ethiopia

As mentioned above, the Ethiopian Birr is a closed currency. Which means that you may find it difficult (or be permitted) to purchase the currency (ETB) before departure and will need to buy it upon arrival in Ethiopia.

For these types of destinations, using a pre-paid travel card is a good solution. As no travel cards support loading closed currencies like the ETB you will incur currency conversion or foreign transaction fees if you use a travel money card in Ethiopia.

However, using a pre-paid travel card is still a good idea as you can avoid ATM fees and also you can avoid using (and losing!) your main bank or debit/credit card.

 

Send Money to Ethiopia - Best Rates

When searching around for information on how to get a good exchange rate when sending money to Ethiopia you need to start with finding out the latest Ethiopian Birr exchange rate for foreign transfers also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers to Ethiopia

When sending money to Ethiopia it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Ethiopian Birr amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted ETB amount will be transfered to the recipient account you specify in Ethiopia.

Use the above Send to Ethiopian Birr calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Ethiopian Birr deposited into the recipient bank account and less margins and fees kept by the banks!


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