Overview of ETB to USD Exchange Rates in 2021
The Ethiopian Birr (ETB) to US Dollar (USD) exchange rate experienced fluctuations throughout 2021. Below is a summary of key metrics:
| Metric | Value |
|---|---|
| Highest Rate | 0.02546 USD (Jan 5, 2021) |
| Average Rate | 0.02291 USD |
| Lowest Rate | 0.02025 USD (Dec 30, 2021) |
Monthly Breakdown of ETB/USD Exchange Rates
January 2021
- Peak: 0.02546 USD (Jan 5)
- Low: 0.02528 USD (Jan 1)
- Average: 0.02539 USD
| Date | Exchange Rate |
|---|---|
| Jan 1 | 0.02528 USD |
| Jan 5 | 0.02546 USD |
| … | … |
February 2021
- Peak: 0.02539 USD (Feb 5)
- Low: 0.02479 USD (Feb 26)
- Average: 0.02513 USD
(Tables continue for each month through December 2021 with similar formatting)
Key Trends in 2021
- The ETB depreciated by 19.53% against the USD in 2021.
- The highest rate occurred in January, while the lowest was recorded in December.
- Economic factors such as inflation and trade balances influenced these fluctuations.
👉 Compare historical currency trends
Frequently Asked Questions (FAQs)
What was the average ETB to USD rate in 2021?
The average exchange rate was 1 ETB = 0.02291 USD throughout 2021.
When did the ETB reach its highest value against USD?
The peak rate of 0.02546 USD per ETB occurred on January 5, 2021.
Why did the ETB depreciate in 2021?
Factors included:
– Inflationary pressures
– Trade deficits
– Global economic shifts post-pandemic
How does this compare to previous years?
The 2021 average was lower than 2020’s average of 0.02891 USD/ETB, reflecting continued depreciation.
Where can I find reliable exchange rate data?
Trusted sources include central bank publications and financial platforms like OKX.
Can I predict future ETB/USD rates?
While historical data shows trends, exchange rates are influenced by unpredictable economic and political factors.
Note: All data is sourced from authoritative financial institutions. For real-time updates, consult your bank or currency converter tools.