Market Overview: The Ethiopian forex market has seen significant changes in the recent periods.

• The daily rate changes show a steady increase in buying rates (+0.01 ETB) and selling rates (+10.35 ETB) for USD, and similarly for EUR (+0.01 ETB) and GBP (+0.01 ETB).
• The weekly and monthly rate changes confirm these trends, with USD buying rates increasing by 6.23 ETB and selling rates by 35.91 ETB across all periods.

Impact on Traders:

• Rising buying rates indicate a relatively stable or slightly weakening Ethiopian Birr, making it a good time for importers to sell FX to banks.
• The steady increase in selling rates suggests that banks are actively buying from traders, which could lead to higher prices for importers.
• The constant rise in buying rates and selling rates across different periods indicates a generally favorable market for traders.

Recommendations:

• For importers, it's a good time to sell FX to banks, especially for USD, EUR, and GBP, given the rising buying rates.
• For exporters, it's recommended to buy back FX from banks, taking advantage of the steady increase in selling rates.

Strategic Insights:

• Banks appear to be more aggressive in buying FX from traders, with steadily increasing buying rates across different periods.
• The consistent rise in selling rates suggests that banks are actively participating in the market, potentially influencing market dynamics.