Exchange Rate in Ethiopia
The exchange rate ended 2022 at 53.57 ETB per USD, compared to the end-2021 value of 49.20 ETB per USD and the figure a decade earlier of 19.18 ETB per USD. For more exchange rate information, visit our dedicated page.
Ethiopia Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Ethiopia from 2023 to 2022.
Source: Macrobond.
Ethiopia Exchange Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchange Rate (ETB per USD, eop) | 32.00 | 38.00 | 49.20 | 53.57 | 56.32 |
| Exchange Rate (ETB per USD, aop) | 29.24 | 34.91 | 43.77 | 51.94 | 54.77 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Ethiopian exchange rate projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Ethiopian exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Ethiopian exchange rate projections.
Want to get access to the full dataset of Ethiopian exchange rate forecasts? Send an email to info@focus-economics.com.