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Ethiopia - Ethiopian Birr - Currency Guide

 

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

     

USD/ETB Trend (90-day)

USDETB at 40.39 is 2.7% above its 90-DAY average, range 38.18-40.39.
🔔 USDETB is at 90-DAY HIGHS.
|
Alert:90-DAY HIGHS |
 
Recent USD to ETB Trend + Alerts

The above interactive chart shows the USD/ETB Exchange Rate, Trends and Alerts - UP DOWN HIGH LOW

   

ETB News, Forecasts and Trends

US Dollar to Ethiopian Birr - Historical Rates

USD/ETBChangePeriod
40.1028
22 Feb 2021
0.3% ▲1 Week
39.3998
30 Jan 2021
2.1% ▲30 Days
38.2164
01 Dec 2020
5.3% ▲90 Days
32.3500
01 Mar 2020
24.4% ▲1 Year
21.3747
02 Mar 2016
88.2% ▲5 Years
12.7744
04 Mar 2011
214.9% ▲10 Years

USD/ETB 10 year historic rates & change to 01-Mar-2021 : 40.2310

 

$10,000 USD
=
Br403,947 ETB

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

US Dollar to Ethiopian Birr - Quick Convert

USD ETB
$ 1 Br 40.39
$ 5 Br 201.95
$ 10 Br 403.90
$ 20 Br 807.80
$ 50 Br 2,020
$ 100 Br 4,039
$ 250 Br 10,098
$ 500 Br 20,195
$ 1,000 Br 40,390
$ 2,000 Br 80,780
$ 5,000 Br 201,950
$ 10,000 Br 403,900
$ 50,000 Br 2,019,500
$ 100,000 Br 4,039,000
More amounts
USD ETB
$ 0.0248 Br 1
$ 0.1238 Br 5
$ 0.2476 Br 10
$ 0.4951 Br 20
$ 1.2378 Br 50
$ 2.4756 Br 100
$ 6.1890 Br 250
$ 12.38 Br 500
$ 24.76 Br 1,000
$ 49.51 Br 2,000
$ 123.78 Br 5,000
$ 247.56 Br 10,000
$ 1,238 Br 50,000
$ 2,476 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

To get a good (and fair) exchange rate when sending money to Ethiopia you need to find and compare exchange rates for International Money Transfers (IMTs).

The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

You should especially compare your own bank's exchange rates to those available from Money Transfer specialists 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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