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Ethiopian banks, including the National Bank of Ethiopia (NBE), do not publish new foreign exchange rates on weekends (Saturday and Sunday) or Ethiopian public holidays.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	160.2321	163.4367
Addis International Bank Current	160.0056	163.2057
Ahadu Bank Current	160.4850	163.6947
Amhara Bank Current	159.9999	163.1999
Awash Bank Current	160.0529	163.2540
Berhan Bank Current	161.7228	164.9573
Bunna Bank Current	159.1311	162.3137
Commercial Bank of Ethiopia Current	159.8319	163.0285
Cooperative Bank of Oromia Current	160.0018	163.2018
Dashen Bank Current	160.0927	163.2946
Development Bank of Ethiopia Current	160.6349	163.8476
Enat Bank Current	160.1644	163.3677
Gadaa Bank Current	160.3584	163.5656
Global Bank Ethiopia Current	159.6209	162.8133
Goh Betoch Bank Current	161.4728	164.7023
Hibret Bank Stale	160.2451	163.4500
Hijra Bank Stale	160.1388	163.3416
Nib International Bank Current	160.3668	163.5741
Oromia Bank Current	160.6249	164.5706
Rammis Bank Current	159.3659	162.5533
Siinqee Bank Current	161.8547	165.0918
Siket Bank Current	161.4900	164.7198
Tsedey Bank Current	160.3700	163.5774
Tsehay Bank Current	160.0012	163.2012
Wegagen Bank Current	161.7226	164.9571
ZamZam Bank Current	160.1463	163.3492
Zemen Bank Current	160.1187	163.3211

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