Convert Ethiopian Birr to US Dollar
Convert Ethiopian Birr (ETB) to US Dollar (USD) using daily updated exchange rates.
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Exchange Rate
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About Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, the second most populous country in Africa and one of the world's fastest-growing economies. The word "birr" means "silver" in Amharic. The National Bank of Ethiopia manages monetary policy. Ethiopia's economy is largely agricultural - it is the world's largest producer of chat (khat) and one of the largest of coffee, which is believed to have originated in the Ethiopian highlands. The birr is divided into 100 santim.
About US Dollar
The US Dollar (USD) is the world's primary reserve currency, used in approximately 88% of all foreign exchange transactions globally. Introduced in 1792 with the Coinage Act, the dollar became the cornerstone of the international monetary system under the 1944 Bretton Woods Agreement. Even after the gold standard was abandoned in 1971, the dollar maintained its dominant status - oil and most global commodities are priced in dollars, and major sovereign debt is primarily denominated in USD. The Federal Reserve System (Fed) manages US monetary policy.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).