Exchange Rate Bank Of Abyssinia
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Exchange Rate Bank Of Abyssinia

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As of August 29, 2025, the Bank of Abyssinia has updated its foreign exchange rates, reflecting the current economic conditions and currency market trends in Ethiopia. These rates are crucial for individuals and businesses engaged in international trade, remittances, or travel, as they determine the cost of converting Ethiopian Birr (ETB) to foreign currencies and vice versa.

Current Exchange Rates at Bank of Abyssinia

The following are the latest exchange rates for major currencies at the Bank of Abyssinia

Cash Exchange Rates

  • United States Dollar (USD)Cash Buying Rate 138.9353 ETB, Cash Selling Rate 141.7140 ETB
  • British Pound (GBP)Cash Buying Rate 187.1230 ETB, Cash Selling Rate 190.8655 ETB
  • Euro (EUR)Cash Buying Rate 162.2022 ETB, Cash Selling Rate 165.4462 ETB
  • United Arab Emirates Dirham (AED)Cash Buying Rate 37.8283 ETB, Cash Selling Rate 38.5849 ETB
  • Swiss Franc (CHF)Cash Buying Rate 172.3820 ETB, Cash Selling Rate 175.8296 ETB
  • Swedish Krona (SEK)Cash Buying Rate 14.5506 ETB, Cash Selling Rate 14.8416 ETB
  • Norwegian Krone (NOK)Cash Buying Rate 13.6437 ETB, Cash Selling Rate 13.9166 ETB
  • Canadian Dollar (CAD)Cash Buying Rate 100.6561 ETB, Cash Selling Rate 102.6692 ETB
  • Saudi Riyal (SAR)Cash Buying Rate 37.0187 ETB, Cash Selling Rate 37.7591 ETB
  • Chinese Yuan (CNY)Cash Buying Rate 19.3478 ETB, Cash Selling Rate 19.7348 ETB

Transactional Exchange Rates

For transactions involving larger amounts or business-related exchanges, the Bank of Abyssinia offers transactional rates, which may differ from cash rates. These rates are typically more favorable for bulk transactions and are subject to market fluctuations and bank policies.

Factors Influencing Exchange Rates

Several factors contribute to the determination of exchange rates at the Bank of Abyssinia

  • Central Bank PoliciesThe National Bank of Ethiopia’s monetary policies, including interest rates and foreign exchange reserves, play a significant role in influencing the value of the Ethiopian Birr.
  • Market Demand and SupplyThe demand for foreign currencies, driven by imports, exports, and remittances, affects the exchange rates. A higher demand for a foreign currency can lead to a depreciation of the local currency.
  • Inflation RatesHigher inflation in Ethiopia compared to trading partners can lead to a decrease in the value of the Birr, as purchasing power erodes.
  • Political StabilityPolitical events and stability in Ethiopia can impact investor confidence and, subsequently, the exchange rates.
  • Global Economic ConditionsChanges in global economic conditions, such as commodity prices and international trade dynamics, can influence the exchange rates.

Importance of Monitoring Exchange Rates

For individuals and businesses involved in international transactions, staying informed about current exchange rates is essential. Fluctuations in exchange rates can significantly impact the cost of imports, the value of remittances received, and the profitability of exports. By regularly checking the Bank of Abyssinia’s exchange rates, stakeholders can make informed decisions regarding currency conversions and financial planning.

The Bank of Abyssinia’s updated exchange rates provide a snapshot of the current foreign exchange market in Ethiopia. Understanding these rates and the factors that influence them is crucial for anyone engaged in international financial activities. For the most accurate and up-to-date information, it is recommended to consult the Bank of Abyssinia directly or visit their official website.

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