US Dollar to Ethiopian Birr Exchange Rate

Live Rate

= Br 32.2639

Refreshing in: 60s | Thu, Feb 27, 12:22PM GMT

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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:1c, 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:1, 5, 10, 50, 100 birr
Coins:1, 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.

Send money from USD to ETB

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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

Feb 17 Feb 18 Feb 19 Feb 20 Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26
1 USD = 31.9250 Inverse: 0.0313 31.9634 Inverse: 0.0313 31.9789 Inverse: 0.0313 31.9897 Inverse: 0.0313 32.2250 Inverse: 0.0310 32.2250 Inverse: 0.0310 31.9127 Inverse: 0.0313 31.9922 Inverse: 0.0313 32.3000 Inverse: 0.0310 32.4622 Inverse: 0.0308

US Dollar to the Ethiopian Birr for the last 10 months

Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020
1 USD = 28.5747 Inverse: 0.0350 28.9748 Inverse: 0.0345 29.1000 Inverse: 0.0344 29.0500 Inverse: 0.0344 29.2687 Inverse: 0.0342 29.4602 Inverse: 0.0339 29.7875 Inverse: 0.0336 30.3179 Inverse: 0.0330 31.7876 Inverse: 0.0315 32.1700 Inverse: 0.0311

US Dollar to the Ethiopian Birr for the last 10 years

Feb 2010 Feb 2011 Feb 2012 Feb 2013 Feb 2014 Feb 2015 Feb 2016 Feb 2017 Feb 2018 Feb 2019
1 USD = 10.9950 Inverse: 0.0910 12.7669 Inverse: 0.0783 17.3661 Inverse: 0.0576 18.5469 Inverse: 0.0539 19.2900 Inverse: 0.0518 20.3292 Inverse: 0.0492 21.3274 Inverse: 0.0469 22.8600 Inverse: 0.0437 27.4379 Inverse: 0.0364 28.4364 Inverse: 0.0352

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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