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USD USD ETB ETB Rate as of2026-05-18

USD to ETB Converter.

Current rate

1 USD = 120 ETB as of 2026-05-18. USD-ETB underwent one of the most dramatic emerging-market currency resets of the decade — the National Bank of Ethiopia floated the birr in July 2024 as a condition of the $3.4B IMF Extended Credit Facility, abandoning the long-standing managed-peg around 57 ETB/USD and allowing the official rate to converge with the parallel-market rate (which had been trading at 110-130/USD for years). The official rate jumped immediately from ~57 to ~108 and stabilized in the 115-125 range through 2024-25, ending the dual-exchange-rate distortion that had crippled Ethiopian imports and FX availability.

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USDETB Converter

$
🇺🇸 $1.00 = 🇪🇹
ETB 120.00
Rate: 1 USD = 120.0000 ETB
Common conversions
🇺🇸 USD🇪🇹 ETB
$1.00ETB 120.00
$10.00ETB 1,200.00
$100.00ETB 12,000.00
$500.00ETB 60,000.00
$1,000.00ETB 120,000.00
$5,000.00ETB 600,000.00
$10,000.00ETB 1,200,000.00
$50,000.00ETB 6,000,000.00
$100,000.00ETB 12,000,000.00
✨ Mid-market rate · as of 2026-05-18 · Real-world transfer rates may differ 0.5-3% depending on provider · Not financial advice
📈 Trend

USD trend over time.

Today
120
1 USD = ETB
1 year ago
118
↑ 1.7% in 12 months
5 years ago
39
↑ 207.7% in 5 years
🔢 Quick reference

USD to ETB conversion table.

Common US Dollar amounts converted to Ethiopian Birr at today's rate of 1 USD = 120 ETB. The reverse holds too: 1 ETB = 0.0083 USD.

USD → ETB
1 USD 120 ETB
5 USD 600 ETB
10 USD 1,200 ETB
25 USD 3,000 ETB
50 USD 6,000 ETB
100 USD 12,000 ETB
500 USD 60,000 ETB
1,000 USD 120,000 ETB
5,000 USD 600,000 ETB
10,000 USD 1,200,000 ETB
ETB → USD
1 ETB 0.0083 USD
5 ETB 0.0417 USD
10 ETB 0.0833 USD
25 ETB 0.2083 USD
50 ETB 0.4167 USD
100 ETB 0.8333 USD
500 ETB 4.17 USD
1,000 ETB 8.33 USD
5,000 ETB 41.67 USD
10,000 ETB 83.33 USD
💡 About this corridor

Why people convert USD to ETB.

The USD/ETB corridor is driven mostly by global reserve currency and remittances from US-based workers. On the Ethiopian Birr side, demand comes from diaspora remittances, post-2024 IMF float, and coffee/khat exports. Because both sides see steady two-way flow, USD/ETB is one of the more liquid pairs in this region — which usually means tighter spreads and smaller markups than thinly-traded exotic pairs.

Over the past 12 months the US Dollar has moved up 1.7% against the Ethiopian Birr, and over five years it has strengthened about 207.7% (from 39 to 120). If you're sending money on this corridor, that trend matters: a rising rate means timing your transfer — or locking a rate with a forward contract for large amounts — can change the Ethiopian Birr you receive by a meaningful margin.

Getting the best USD → ETB rate. The figure above is the mid-market rate — the "true" rate banks and brokers reference. Most banks add a 1–3% margin on top and may charge a flat wire fee. Specialist services (Wise, Remitly, and regional exchange houses on this corridor) typically convert closer to mid-market. Always compare the effective rate after all fees, not just the headline rate — on a large USD transfer, a 2% difference is real money.

Rates shown are indicative mid-market rates as of 2026-05-18 and are for informational purposes only — not a quote or financial advice. Confirm the live rate with your provider before transacting.

❓ FAQ

USD to ETB FAQ.

Why did Ethiopia devalue the birr by ~100% in 2024?
The official 57 ETB/USD rate had become economically meaningless — businesses couldn't access FX at the official rate, importers used the parallel market (110-130), and exporters were penalized by being forced to sell USD at the artificially strong official rate. The dual-rate system collapsed productive economic activity, drained reserves, and made IMF support impossible. The July 2024 float was the precondition for the $3.4B IMF program and unlocked broader $13.7B in multilateral support.
Has Ethiopia's birr stabilized after the 2024 devaluation?
Partially. The rate stabilized in the 115-125 range through 2025 as the NBE built reserves with IMF disbursements and tightened monetary policy, but inflation pressure remains elevated and capital controls remain extensive. Sovereign debt restructuring (concluded with Paris Club in late 2024, China negotiations ongoing) was a key piece. Forward markets price further gradual ETB weakening rather than recovery — sustainable equilibrium is probably 130-150/USD by 2027 if reforms continue.
Best way to send USD to Ethiopia for family remittance or business?
For diaspora remittance: Dahabshiil, WorldRemit, and Sendwave all support ETB delivery at competitive rates post-float (1-2% markup). Wise added ETB support in late 2024 following the float. For business payments and import financing: Commercial Bank of Ethiopia (CBE) and Awash Bank now offer access to FX at market rates, ending the previous rationing. Avoid hawala/informal channels which were rational under the old dual-rate regime but now offer no FX-rate advantage and carry compliance risk.