USD → 
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.
💱
Rate as of 2026-05-18USD → ETB Converter
$
🇺🇸 $1.00 = 🇪🇹
ETB 120.00
Rate: 1 USD = 120.0000 ETB
Common conversions
| 🇺🇸 USD | 🇪🇹 ETB |
|---|---|
| $1.00 | ETB 120.00 |
| $10.00 | ETB 1,200.00 |
| $100.00 | ETB 12,000.00 |
| $500.00 | ETB 60,000.00 |
| $1,000.00 | ETB 120,000.00 |
| $5,000.00 | ETB 600,000.00 |
| $10,000.00 | ETB 1,200,000.00 |
| $50,000.00 | ETB 6,000,000.00 |
| $100,000.00 | ETB 12,000,000.00 |
✨ Mid-market rate · 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
❓ 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.
💱 Related pairs
