United States Dollar to Ethiopian Birr - Convert Compare Save
USD to ETB mid-rate = 27.9686
Right now the USD/ETB market mid-rate is 27.9686
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
You can calculate equivalent United States Dollar to Ethiopian Birr currency amounts (at mid-rate) below.
USD / ETB Converter
$USD
BrETB
1 United States Dollar equals 27.9686Ethiopian Birr
1 ETB =
0.035754USD
1 ETB =
0.035754USD
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
10 Dec 2018
28.1600
Latest
03 Dec 2018
28.1238
1 Week
+0.13%
10 Nov 2018
28.0600
1 Month
+0.36%
13 Jun 2018
27.5361
6 Months
+2.27%
10 Dec 2017
27.0965
1 Year
+3.92%
10 Dec 2016
22.4696
2 Years
+25.32%
11 Dec 2013
19.0598
5 Years
+47.75%
12 Dec 2008
9.3994
10 Years
+199.59%
Best Rates for USD/ETB Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees.
These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
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, Research and Forecasts for United States Dollar and Ethiopian Birr
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison 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
2018 has been a good year for the dollar; certainly much better than 2017, in which the world’s reserve currency lost 10 percent of its value on a trade-weighted basis. Entering the third week of November 2018, the dollar stood nearly 5 percent higher than its level on January 1st. The dollar benefitted in the month leading up to this report from Brexit uncertainty in Europe and from a collapse in the oil market, which saw its value rise against petro-currencies.
Seasonality becomes an important supporting factor for the dollar approaching year-end, and especially in November. Since 2010, the dollar has averaged trade-weighted gains of 1.8 percent in November and 0.2 percent in December.
In September, Citibank said of the dollar’s 6-12-month outlook that 3-4 percent upside was likely, followed by an 11 percent loss in the long term. It predicted EUR/USD climbing as high as $1.30, from levels in the high $1.13s at the time of writing.
Like Citi, ING remain long-term bearish on the dollar. ING isn't ruling out interventions and jawboning from Washington aimed at weakening the dollar. President Trump clearly would like a far weaker currency.
J.P. Morgan said in November that the dollar would be worth slightly more in the first half of 2019, before weakening slightly in the second half of the year.
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