The Ethiopian Birr (ETB) is a fascinating currency, and if you're planning a trip to Ethiopia or doing business with the country, it's essential to understand how it converts to the Indian Rupee (INR). The exchange rate between ETB and INR can fluctuate frequently, so it's crucial to stay up-to-date.
The current exchange rate is approximately 1 ETB equals 4.5 INR, but this rate can vary depending on the exchange provider and the time of year. Always check the latest rate before making any transactions.
Understanding the exchange rate is just the beginning; you also need to know how to exchange your money, whether you're using an ATM, exchanging cash at a currency exchange office, or using a credit card.
Converting Ethiopian Currency to INR
You can convert Ethiopian Birr (ETB) to Indian Rupees (INR) using an online currency converter. Simply type in the box how much you want to convert, select ETB in the first dropdown as the currency you want to convert, and INR in the second dropdown as the currency you want to convert to.
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The exchange rate for ETB to INR can fluctuate, but as of now, 1 ETB is worth approximately 0.69126 INR.
To give you a better idea of the exchange rate, here's a table showing the conversion rates for different amounts of ETB to INR:
The best time to convert ETB to INR is often between 3-4 PM GMT when currency market liquidity and trading volume tend to be the highest.
Understanding the Rupee
The Ethiopian Birr (ETB) has a dynamic exchange rate with the Indian Rupee (INR). Over the last 30 days, the 30 day high for ETB to INR was 0.6880.
The exchange rate can fluctuate significantly, with a 30 day change of 1.53. This means that the value of ETB to INR can vary greatly in a short period.
To give you a better idea, the 90 day high for ETB to INR was 0.7203.
What Is a Rupee
A rupee is the official currency of India and is subdivided into 100 paise.
The rupee is a fiat currency, meaning its value is derived from government decree rather than any physical commodity.
The Reserve Bank of India (RBI) is the central bank of India and is responsible for managing the country's monetary policy, including the rupee.
The RBI issues rupee banknotes and coins, which are the most widely used forms of the currency.
The rupee is a widely accepted currency in India and is used for all types of transactions, from buying groceries to paying bills.
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Understanding
Understanding the Rupee requires grasping its relationship with other currencies. Exchange rates are defined as the price that one country's currency can be exchanged for another country's currency.
The exchange rate between the Ethiopian Birr (ETB) and the Indian Rupee (INR) is impacted by two factors: domestic currency values and foreign currency values. These rates can be quoted directly or indirectly, or with the use of cross-rates.
The value of the ETB against the INR can fluctuate over time. The Ethiopian Birr has increased +1.43% year-to-date against the Indian Rupee.
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Several factors can affect the exchange rate between ETB and INR, including economic indicators, geopolitical events, and central bank decisions. These factors can impact the exchange rate in various ways.
Here are some key factors that can affect the exchange rate:
- Economic indicators, such as GDP growth, inflation, and interest rates
- Geopolitical events, such as elections and trade agreements
- Central bank decisions, such as interest rate changes
Understanding these factors can help you make informed decisions when converting currencies or investing in foreign markets. The value of a currency is determined by the strength or weakness of the underlying economy.
Importance of Rupee
The rupee is a vital part of India's economy, and its importance cannot be overstated. The rupee is the official currency of India and is used by over 1.3 billion people.
The rupee is a symbol of national pride and identity. The Indian government issues rupee notes and coins, which are used for everyday transactions.
The rupee is a store of value, allowing people to save and invest for the future. It's also a medium of exchange, enabling people to buy and sell goods and services.
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The rupee is used extensively in international trade, with India being a major player in global commerce. India's rupee-denominated bonds are popular among foreign investors.
The rupee is closely linked to India's economic growth, with fluctuations in its value affecting the country's GDP. A strong rupee can boost exports, while a weak rupee can make imports cheaper.
All Currency Pairs
The Ethiopian birr is a widely traded currency, and you can exchange it for several other currencies, including the Indian rupee. Here are some of the top currency pairings for the Ethiopian birr:
You can exchange ETB to USD, EUR, GBP, INR, JPY, RUB, and AUD.
The ETB to INR exchange rate has fluctuated over time, with a high of 0.68151 INR and a low of 0.65827 INR in the last 30 days.
In the last 90 days, the ETB to INR exchange rate peaked at 0.70596 INR and dipped to a low of 0.65827 INR, averaging 0.67769 INR.
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Here are some specific exchange rates for ETB to INR: 1 ETB = 0.69126 INR, 5 ETB = 3.4563 INR, 10 ETB = 6.9126 INR, and so on.
You can also exchange INR to ETB, with exchange rates such as 1 INR = 1.44664 ETB, 5 INR = 7.2332 ETB, and 10 INR = 14.4664 ETB.
The average exchange rate over a certain period can be a useful indicator, such as the average exchange rate of 1.1129 INR per Ethiopian Birr from January 18, 2024 to January 17, 2025.
Here are some specific conversion rates for ETB to INR: 1 ETB = 0.6789 INR, 5 ETB = 3.3947 INR, 10 ETB = 6.7893 INR, and so on.
Similarly, here are some specific conversion rates for INR to ETB: 1 INR = 1.4729 ETB, 5 INR = 7.3645 ETB, 10 INR = 14.729 ETB, and so on.
The best ETB to INR exchange rate today is 0.6789 INR, which means that for every Ethiopian Birr you exchange, you will receive 0.6789 Indian Rupees.
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Historical and Current Data
The Ethiopian Birr has seen significant fluctuations in value compared to the Indian Rupee, with a 53.18% decrease in value over the past six months.
The highest ETB to INR exchange rate in the last year was 1.4782 Indian Rupees per Ethiopian Birr on January 29, 2024.
The lowest ETB to INR exchange rate in the last year was 0.6583 Indian Rupees per Ethiopian Birr on December 18, 2024.
Over the past 30 days, the ETB to INR exchange rate has seen a 30 day high of 0.6880 and a 30 day low of 0.6711, resulting in a 30 day average of 0.6790.
In the last 90 days, the ETB to INR exchange rate has seen a 90 day high of 0.7203 and a 90 day low of 0.6698, resulting in a 90 day average of 0.6846, with a change of -3.87.
The average exchange rate for the Ethiopian Birr to Indian Rupee over the period of 2024-1-18 to 2025-1-17 was 1.1129 Indian Rupees per Ethiopian Birr.
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Frequently Asked Questions
How much is $1 US in Ethiopia?
As of 31/12/2024, $1 US is equivalent to 127.64 Ethiopian Birr. You can find the latest exchange rate and convert USD to ETB using our live currency converter.
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