US Dollar to Ethiopian Birr Exchange Rate

Live Rate

= Br 29.7050

Refreshing in: 60s | Sat, Oct 19, 07:29AM GMT

  • Cheap transfers
  • Bank-beating exchange rates
  • Safe and reliable

Why we like: WorldRemit

WorldRemit - Hero

Your first transfer is free with the code FINDER.

  • The first transfer is free
  • 30,000+ partner agent locations worldwide
  • No minimum transfer amount

Why we like: WorldRemit

Send money to 140+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

  • Use promo code FINDER to send your first transfer with no fee.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.
Promoted

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

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Within an hour USD 3.99 29.527 ETB 14,646 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1 3 - 5 days USD 0.00 29.111 ETB 14,555 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

Compare up to 4 providers


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

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site