Explore the historical exchange rates between the Ethiopian Birr (ETB) and the US Dollar (USD) throughout 2024. This comprehensive overview highlights key trends, highest and lowest rates, and monthly breakdowns to help you understand currency fluctuations.
Key Highlights of ETB to USD in 2024
| Metric | Value |
|---|---|
| Highest Rate | 0.01779 USD (Jan 2) |
| Average Rate | 0.01382 USD |
| Lowest Rate | 0.007871 USD (Dec 31) |
👉 Track live ETB/USD rates for real-time updates.
Monthly Exchange Rate Analysis
January 2024
- Peak: 0.01779 USD (Jan 2)
- Low: 0.01766 USD (Jan 16)
- Average: 0.01772 USD
- Trend: The ETB started strong but declined by 0.6% mid-month.
February 2024
- Peak: 0.01776 USD (Feb 5)
- Low: 0.01762 USD (Feb 29)
- Average: 0.01766 USD
- Trend: Gradual depreciation (-0.8%) amid macroeconomic shifts.
March–December 2024
(See detailed tables below for monthly rates.)
Detailed Monthly Rates
January–March 2024
| Date | ETB to USD Rate |
|---|---|
| Jan 1, 2024 | 0.01771 |
| Jan 2, 2024 | 0.01779 (Peak) |
| ... | ... |
| Mar 29, 2024 | 0.01757 |
(Full monthly tables available in original data.)
Annual Performance Summary
- Total Decline: -55.55% (Jan–Dec 2024)
- Key Drivers: Inflationary pressures, trade imbalances, and global USD strength.
- Bottom Line: The ETB lost significant value against the USD, hitting its lowest point in December.
FAQs
What was the best month to exchange ETB to USD in 2024?
January 2024 offered the highest rates, peaking at 0.01779 USD on January 2.
How often do ETB/USD rates update?
Exchange rates fluctuate daily based on market conditions. 👉 Check current rates for accuracy.
What caused the ETB’s decline in 2024?
Factors included Ethiopia’s trade deficits, inflation, and stronger USD demand globally.
Final Insights
Understanding ETB/USD history helps businesses and travelers optimize currency exchanges. For ongoing updates, bookmark reliable financial tools.
👉 Compare ETB/USD rates today to make informed decisions.
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