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
NBE Monetary Policy Committee Holds Rates and Credit Cap Steady, Warns of Middle East Risks
The NBE's sixth Monetary Policy Committee meeting on March 21, 2026, kept the policy rate and annual credit growth caps unchanged. Headline inflation fell to 9.7 percent in February, but the MPC warned that Middle East geopolitical tensions could push oil prices higher.
News
Invest in Ethiopia 2026 Forum Closes with $13.1 Billion in Investment Deals
The Invest in Ethiopia 2026 forum concluded on March 27, 2026, with $13.1 billion in signed investment agreements, far exceeding the initial $2.4 billion target. Over 800 participants from more than 50 countries attended.
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.
In-Depth Guides
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Step-by-step guides for sending money, opening FX accounts, and investing in Ethiopia.
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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.