US Dollar to Ethiopian Birr Exchange Rate

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Get the best exchange rate between US dollars and Ethiopian birr

To get the best exchange rate between the US dollar and the Ethiopian birr, look for an exchange rate that’s closest to the mid-market rate of the currency. When sending money to Ethiopia, online money transfer services are often a better choice than traditional banks because of lower fees and faster transaction times — some services even offer cash pick-up in Ethiopia.

For travelers to Ethiopia, bring US dollars in cash with you and exchange them to Ethiopian birr once in the country at major banks in the capital.

ATMs are not common in Ethiopia and in most cases where you can find them, it’s reported that only Visa cards are accepted.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.

-Currency:
+US Dollar
 Currency Symbol:
-Sub unit:
+cents
-Bank notes:
+$1, $5, $10, $20, $50, $100
-Coins:
+c, 5c, 10c, 25c, 50c

Ethiopian Birr

The Ethiopian birr is the second most used currency in Africa, behind the Nigerian naira. The birr is a volatile currency that has been devalued steadily since 1992 as the country’s ruling party stumbles to make good on overall modernization and government reforms.

-Currency:
+Ethiopian Birr
-Currency Symbol:
+Br, ብር
-Sub unit:
+santim
-Bank notes:
+, 5, 10, 50, 100 birr
-Coins:
+, 5, 10, 25, 50 santim; 1 Birr

What affects exchange rates between the US dollar and the Ethiopian birr?

Since the exchange rate between the US dollar and Ethiopian birr is managed by the National Bank of Ethiopia, it’s not subject to supply and demand in the market like other currencies.

The National Bank has repeatedly devalued the birr against the US dollar to increase the competitiveness of the local export industry.

In Ethiopia, there’s a very active black market where exchanges between dollars and birrs take place every day. Whenever the difference between the official exchange rate and the black market exchange rate becomes too big, the National Bank may choose to intervene to reduce the gap between the two rates.

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How does the Ethiopian birr trade against the US dollar historically?

Before 1993, the exchange rate of the Ethiopian birr was pegged to the US dollar at a value of 5,000 birr to 1 dollar.
In 1993, the old peg policy was scrapped and a system of “managed” exchange rates was introduced instead, effectively letting the birr depreciate in gradual steps against the US dollar. Since the old peg was lifted, the birr has been in a steady decline compared to the US dollar.
Between 1996 and 2000, the birr went from about 6.4 birr to 1 dollar, to 8.3 birr to 1 dollar.
Between 2008 and 2017, the birr continued to decline against the US dollar. At the beginning of 2008, you’d need about 9 birr to buy 1 dollar. At the end of 2017, after a number of government-initiated devaluations, you’d need about 27 birr for 1 dollar.

Did you know?

Despite this depreciation in value compared to the US dollar, the Ethiopian birr has actually been ranked as one of the more stable currencies in Sub-Saharan Africa. Large foreign exchange reserves combined with sound monetary policies in Ethiopia has contributed to make the birr a better currency to hold than many other African currencies.

US Dollar to the Ethiopian Birr for the last 10 days

	Oct 09	Oct 10	Oct 11	Oct 12	Oct 13	Oct 14	Oct 15	Oct 16	Oct 17	Oct 18
1 USD =	29.5776 Inverse: 0.0338	29.5050 Inverse: 0.0339	29.5700 Inverse: 0.0338	29.5700 Inverse: 0.0338	29.4949 Inverse: 0.0339	29.3501 Inverse: 0.0341	29.5836 Inverse: 0.0338	29.5585 Inverse: 0.0338	29.3329 Inverse: 0.0341	29.7050 Inverse: 0.0337

US Dollar to the Ethiopian Birr for the last 10 months

	Dec 2018	Jan 2019	Feb 2019	Mar 2019	Apr 2019	May 2019	Jun 2019	Jul 2019	Aug 2019	Sep 2019
1 USD =	27.8532 Inverse: 0.0359	28.4700 Inverse: 0.0351	28.4200 Inverse: 0.0352	28.5320 Inverse: 0.0350	28.8217 Inverse: 0.0347	28.9162 Inverse: 0.0346	28.7795 Inverse: 0.0347	29.0000 Inverse: 0.0345	29.2579 Inverse: 0.0342	29.4447 Inverse: 0.0340

US Dollar to the Ethiopian Birr for the last 10 years

	Oct 2009	Oct 2010	Oct 2011	Oct 2012	Oct 2013	Oct 2014	Oct 2015	Oct 2016	Oct 2017	Oct 2018
1 USD =	10.7177 Inverse: 0.0933	12.7640 Inverse: 0.0783	17.1264 Inverse: 0.0584	18.0968 Inverse: 0.0553	18.9072 Inverse: 0.0529	20.0080 Inverse: 0.0500	20.8785 Inverse: 0.0479	22.1978 Inverse: 0.0450	27.2678 Inverse: 0.0367	27.8712 Inverse: 0.0359

Get the best rates for USD/ETB exchanges

Market rate for common transfer amounts USD to ETB

US Dollars (USD)	Ethiopian Birr (ETB)
$1	0
$100	0
$500	0
$1000	0
$1500	0
$2500	0
$5000	0

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Adrienne Fuller

Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.

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US Dollar to Ethiopian Birr Exchange Rate

Why we like: WorldRemit

Why we like: WorldRemit

Get the best exchange rate between US dollars and Ethiopian birr

What affects exchange rates between the US dollar and the Ethiopian birr?

Send money from USD to ETB

Compare up to 4 providers

How does the Ethiopian birr trade against the US dollar historically?

Did you know?

US Dollar to the Ethiopian Birr for the last 10 days

US Dollar to the Ethiopian Birr for the last 10 months

US Dollar to the Ethiopian Birr for the last 10 years

Market rate for common transfer amounts USD to ETB

Exchange rates from USD to other currencies

Adrienne Fuller

Ask an Expert

US Dollar to Ethiopian Birr Exchange Rate

Why we like: WorldRemit

Get the best exchange rate between US dollars and Ethiopian birr

What affects exchange rates between the US dollar and the Ethiopian birr?

Send money from USD to ETB

Compare up to 4 providers

How does the Ethiopian birr trade against the US dollar historically?

Did you know?

US Dollar to the Ethiopian Birr for the last 10 days

US Dollar to the Ethiopian Birr for the last 10 months

US Dollar to the Ethiopian Birr for the last 10 years

Market rate for common transfer amounts USD to ETB

Exchange rates from USD to other currencies

Adrienne Fuller

Ask an Expert

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