Question 1

What are "Bank's Buy Rate" and "Bank's Sell Rate"?

Accepted Answer

The "Bank's Buy Rate" is the rate at which the bank will buy US Dollars (USD) from you in exchange for Ethiopian Birr (ETB). The "Bank's Sell Rate" is the rate at which the bank will sell USD to you. Typically, the buy rate is lower than the sell rate.

Question 2

What do "Best Buy", "Best Sell", and "Lowest Spread" mean?

Accepted Answer

Best Buy Rate: This is the highest rate at which a bank will buy a foreign currency from you (e.g., USD for ETB). If you're selling foreign currency, a higher buy rate is better. Best Sell Rate: This is the lowest rate at which a bank will sell a foreign currency to you. If you're buying foreign currency, a lower sell rate is better. Lowest Spread: The "spread" is the difference between the buy and sell rates. A smaller spread is generally more favorable for the customer as it indicates a more competitive exchange rate.

Question 3

How often are these rates updated?

Accepted Answer

Rates are fetched in real-time. Note: many banks publish FX rates once per day, but we refresh frequently so you always see the latest available.

Question 4

Why are some rates missing on weekends and holidays?

Accepted Answer

Ethiopian banks, including the National Bank of Ethiopia (NBE), do not publish new foreign exchange rates on weekends (Saturday and Sunday) or Ethiopian public holidays. When rates are not available for a specific date, the frontend displays the most recent available rate from the previous business day. This is standard practice across Ethiopian financial institutions.

Bank	Buy	Sell
Abay Bank Current	160.8921	164.1099
Bank of Abyssinia Current	160.4491	163.6581
Addis International Bank Current	160.8513	164.0683
Ahadu Bank Current	160.8790	164.0966
Amhara Bank Current	160.4999	163.7099
Awash Bank Current	160.3112	163.5174
Berhan Bank Current	161.7225	164.9570
Bunna Bank Current	160.7710	163.9864
Commercial Bank of Ethiopia Current	160.0319	163.2325
Cooperative Bank of Oromia Current	160.3718	163.5792
Dashen Bank Current	160.3727	163.5802
Development Bank of Ethiopia Current	160.6349	163.8476
Enat Bank Current	160.3855	163.5932
Gadaa Bank Current	161.4085	164.6367
Global Bank Ethiopia Current	159.6209	162.8133
Goh Betoch Bank Current	161.7128	164.9471
Hibret Bank Current	160.8974	164.1153
Hijra Bank Current	160.1388	163.3416
Nib International Bank Current	160.3668	163.5741
Omo Bank Current	159.7662	162.9455
Rammis Bank Current	160.2142	163.4185
Sidama Bank Current	161.3702	164.5976
Siinqee Bank Current	161.0005	164.2205
Siket Bank Current	161.4950	164.7249
Tsedey Bank Current	160.3890	163.5968
Tsehay Bank Current	160.0012	163.2012
Wegagen Bank Current	161.7253	164.9598
Zemen Bank Current	160.3777	163.5853

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