United States Dollar to Ethiopian Birr - Convert Compare Save
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
USD to ETB interbank exchange rate = 28.7125
Right now the USD/ETB interbank exchange rate is 28.7125.
It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Ethiopian Birr to United States Dollar.
Looking for ETB travel money? Then it is important to note that the Ethiopian Birr is a closed currency. Which means that you will not be able to
purchase the currency before departure and will need to buy it upon arrival. For more information and a full list of closed currencies
read our guide: What is a closed currency?
A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees -
Compare Travel Cards
This USD/ETB Converter calculates equivalent United States Dollar to Ethiopian Birr amounts at the market mid-rate.
You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
United States Dollar to Ethiopian Birr (USD-ETB) - 10 Year History
The below table shows the historic variation in the USD/ETB exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of USD versus other currencies : USD historical charts.
Date
Exchange Rate
Period
Change
22 Apr 2019
28.9000
Latest
15 Apr 2019
28.7801
1 Week
+0.42%
23 Mar 2019
28.4941
1 Month
+1.42%
24 Oct 2018
28.0300
6 Months
+3.1%
22 Apr 2018
27.4191
1 Year
+5.4%
22 Apr 2017
22.8363
2 Years
+26.55%
23 Apr 2014
19.4763
5 Years
+48.39%
24 Apr 2009
10.0567
10 Years
+187.37%
Why can't I just get the USD/ETB market rate I see on Google or in the Media?
The USD/ETB mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the USD / ETB was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however the transaction margin
you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for
travel money and possibly over 5% to 6% when sending money.
The exact potential savings depends on the currencies being exchanged and the amount
you are transferring and if you are willing to shop around.
The closer your final exchange rate is to the market USD/ETB midrate the better deal you are getting.
The three things you need in order to get a good USD to ETB exchange rate
Know the latest USD/ETB market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Currency news and forecasts for United States Dollar and Ethiopian Birr
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the USD vs ETB, you should pay attention to both United States Dollar and Ethiopian Birr news and forecasts.
United States Dollar (USD) - Market news and forecasts
In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.
The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.
Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.
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