Ethiopian Birr Market Report
Comprehensive analysis of Ethiopian birr black market exchange rates, P2P trading activity, and economic factors affecting the currency market.
Exchange Rates
USD
US Dollar
EUR
Euro
GBP
British Pound
AED
UAE Dirham
CAD
Canadian Dollar
AUD
Australian Dollar
Currency Performance
P2P Market Health
Liquidity Status: High
Market depth shows strong participation with 127 active sellers.
Average spread of 1.8 ETB indicates healthy competition.
Market Events
- •NBE maintains current monetary policy stance
- •Increased remittance flows observed this week
- •Regional economic summit discussions ongoing
Influencing Factors
- •Inflation concerns affecting currency demand
- •Import restrictions creating supply pressure
- •Seasonal factors influencing trading patterns
Market Activity
Today's trading session showed high activity with 340 completed P2P trades totaling approximately $125K USD equivalent in volume.
Rate Movements
The USD/ETB pair gained 2.3% to reach 161.5 ETB, reflecting increased demandfor US dollars in the parallel market.
Market Outlook
With 127 active sellers and an average spread of 1.8 ETB, the market demonstrates healthy liquidity. Traders should monitor ongoing economic developments and policy announcements that may influence future rate movements.
Disclaimer
This report is for informational purposes only. Exchange rates are volatile and may vary by location and provider. Users should verify current rates and comply with all applicable laws and regulations.