USD: parallel market / black market vs best bank
Parallel market / black market rate from Binance P2P (USDT ≈ USD). Bank rate is the highest USD buying rate across banks (ETB per $1 when you sell dollars to the bank).
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Convert between Ethiopian Birr (ETB) and foreign currencies (USD, EUR, GBP, etc.). Compare rates from major Ethiopian banks. Black market (USD) rates have a dedicated page.
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Featured Content
Guide
Parallel Market vs. Official Rate in Ethiopia: What You Need to Know
An explanation of why two exchange rates exist in Ethiopia, how the gap between them works, and what it means for people sending or converting money.
Guide
How NBE Foreign Exchange Auctions Work and Why They Matter
A plain-language explanation of how the National Bank of Ethiopia sells dollars to commercial banks through auctions, and what auction results mean for the exchange rate you see at your bank.
Guide
How Gold Exports Affect the Birr Exchange Rate
An explanation of why Ethiopia's growing gold exports matter for the birr, how export earnings flow into the banking system, and what this means for FX availability.
News
UNDP 2026 Economic Profile: Ethiopia's Export Boom Meets Investment Slump
UNDP's quarterly economic profile highlights Ethiopia's export surge to $5 billion in H1 2026, driven by gold, but warns that investment rates have dropped from 35.3% to 20.1% of GDP since 2018.
News
Ethiopian Banks Deliver Record Earnings as Deregulation Takes Hold
Six Ethiopian banks now appear in the African Business Top 100 African Banks table, up from five last year and two in 2022, as deregulation drives record profitability and digital payment adoption across the sector.
News
Gulf Conflict Shockwaves Reach Ethiopia's Economy and Energy Security
The US-Israel-Iran conflict that began February 28, 2026, and the effective closure of the Strait of Hormuz sent oil prices from $70 to $140 per barrel, directly threatening Ethiopia's energy imports and food prices.
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Exchange Rate
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Bank & Currency Comparison
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Top Exchanges
These are the top currencies offered by different banks at the highest buying and lowest selling price.
Source: official bank websites. Updated every 15 minutes.