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 mid-rate = 28.2741
Right now the USD/ETB market mid-rate is 28.2741
and represents ideally how many Ethiopian Birr you can get for one 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:
USD / ETB mid-rate converter
$USD
BrETB
1 United States Dollar equals 28.2741Ethiopian Birr
1 ETB =
0.035368USD
1 ETB =
0.035368USD
Compare how much you can save on USD/ETB exchange rates for:
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
17 Feb 2019
28.6000
Latest
10 Feb 2019
28.4202
1 Week
+0.63%
18 Jan 2019
28.4700
1 Month
+0.46%
21 Aug 2018
27.6369
6 Months
+3.48%
17 Feb 2018
27.5750
1 Year
+3.72%
17 Feb 2017
22.7144
2 Years
+25.91%
18 Feb 2014
19.2416
5 Years
+48.64%
19 Feb 2009
9.9913
10 Years
+186.25%
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
26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.
In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.
“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.
Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”
January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.
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