Ethiopian Birr

The Ethiopian Birr increased to 19.44 in April from 19.38 in March of 2014. Ethiopian Birr averaged 9.41 from 1992 until 2014, reaching an all time high of 19.47 in April of 2014 and a record low of 2 in May of 1992. The USDETB spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDETB spot exchange rate is quoted and exchanged in the same day, the USDETB forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Ethiopian Birr - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
19.44 19.38 19.47 2.00 17.88 | 2014/05 1992 - 2014 Daily

TO

Ethiopian Birr
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Markets Last Previous Highest Lowest Forecast Unit
Currency 19.44 2014-04-16 19.38 19.47 2.00 17.88 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Ethiopia Current Account to GDP at -6.60 Percent  
Ethiopia recorded a Current Account deficit of 6.60 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Inflation Rate at 8.80 percent  
The inflation rate in Ethiopia was recorded at 8.80 percent in March of 2014. Inflation Rate in Ethiopia is reported by the Central Statistical Agency of Ethiopia.
Ethiopia Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Ethiopia stands at 35 percent. Personal Income Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Ethiopia stands at 30 percent. Corporate Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Imports at 2919.50 USD Million  
Imports in Ethiopia increased to 2919.50 USD Million in the third quarter of 2013 from 2669.30 USD Million in the second quarter of 2013. Imports in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Exports at 631.10 USD Million  
Exports in Ethiopia decreased to 631.10 USD Million in the third quarter of 2013 from 847.90 USD Million in the second quarter of 2013. Exports in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Balance of Trade at -2288.40 USD Million  
Ethiopia recorded a trade deficit of 2288.40 USD Million in the third quarter of 2013. Balance of Trade in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Current Account at -1141.40 USD Million  
Ethiopia recorded a Current Account deficit of 1141.40 USD Million in the third quarter of 2013. Current Account in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Ethiopia stands at 15 percent. Sales Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Interest Rate at 5.00 percent  
The benchmark interest rate in Ethiopia was last recorded at 5 percent. Interest Rate in Ethiopia is reported by the National Bank of Ethiopia.
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