Is there a limit on foreign currency I can exchange at Tsedey Bank?

The National Bank of Ethiopia sets regulations on foreign currency transactions. Personal cash exchanges may require documentation for larger amounts. Contact the bank directly or visit the NBE website for current limits and documentation requirements.

Tsedey Bank

Q: Can I exchange any currency at Tsedey Bank?

Most major Ethiopian banks exchange core currencies — USD, EUR, GBP, AED, SAR — at all main branches. Less common currencies may only be available at larger city branches or require advance notice. The rates table shows all currencies currently tracked.

TSDY

Live exchange rates — 18 currencies tracked

Updated: 2026-06-03T06:03:25.415519+00:00

Cash Rates

Currency↑	Buying	Selling
AED UAE DIRHAM	47.9014	42.9014
AUD AUSTRALIAN DOLLAR	110.1329	112.3355
CAD CANADIAN DOLLAR	112.2058	114.4499
CHF SWISS FRANK	196.0008	199.9208
CNY CHINESE YUAN	22.7117	23.1659
DJF DJIBOUTI FRANC	0.8653	0.8827
DKK DANISH KRONER	23.9825	24.4622
EUR EURO	189.9260	184.9260
GBP POUND STERLING	219.4083	214.4083
INR INDIAN RUPEE	1.6059	1.6381
JPY JAPANESE YEN	0.9707	0.9901
KES KENNYAN SHILLING	1.1959	1.2198
KWD KUWAITI DINAR	502.5242	513.5946
NOK NORWEGIAN KRONER	16.7390	17.0738
SAR SAUDI RIYAL	46.9992	41.9992
SEK SWEDISH KRONER	16.5040	16.8341
USD US DOLLAR	169.7320	159.7320
ZAR SOUTH AFRICAN RAND	9.3361	9.5228

Transaction Rates

Currency↑	Buying	Selling
AED UAE DIRHAM	42.0602	42.9014
AUD AUSTRALIAN DOLLAR	110.1329	112.3355
CAD CANADIAN DOLLAR	112.2058	114.4499
CHF SWISS FRANK	196.0008	199.9208
CNY CHINESE YUAN	22.7117	23.1659
DJF DJIBOUTI FRANC	0.8653	0.8827
DKK DANISH KRONER	23.9825	24.4622
EUR EURO	181.3000	184.9260
GBP POUND STERLING	210.2042	214.4083
INR INDIAN RUPEE	1.6059	1.6381
JPY JAPANESE YEN	0.9707	0.9901
KES KENNYAN SHILLING	1.1959	1.2198
KWD KUWAITI DINAR	502.5242	513.5946
NOK NORWEGIAN KRONER	16.7390	17.0738
SAR SAUDI RIYAL	41.1757	41.9992
SEK SWEDISH KRONER	16.5040	16.8341
USD US DOLLAR	156.6000	159.7320
ZAR SOUTH AFRICAN RAND	9.3361	9.5228

USD/ETB Historical Rates — 30 Days

About Tsedey Bank

Tsedey Bank, formerly known as Dedebit Credit and Savings Institution, was transformed into a full commercial bank to better serve the financial needs of northern Ethiopia. The bank offers a range of banking products including foreign exchange services that support local businesses, exporters, and individuals receiving international remittances. Tsedey Bank's deep roots in the Tigray and Amhara regions give it a unique understanding of the communities it serves.

How to Use Tsedey Bank's Rates

The tables above show Tsedey Bank's current buying and selling rates for all currencies it trades. Here is a practical guide to reading and acting on this data.

Cash Rates Table

Applies when you physically exchange currency banknotes at a Tsedey Bank branch. The buying column shows what the bank pays you for foreign notes; the selling column shows what you pay the bank for foreign notes. Visit a branch with your physical currency to transact at these rates.

Transaction Rates Table

Applies to electronic transfers — incoming wire transfers, remittances, import letters of credit, and outgoing wire payments. If you are receiving money from abroad or paying an overseas supplier, this is the rate that will apply to your transaction.

To compare Tsedey Bank's rates against all other Ethiopian banks for a specific currency, use the dashboard or navigate to any currency page. The sortable tables there let you rank every bank side by side in seconds.

The 30-day historical chart above shows how Tsedey Bank's USD buying and selling rates have moved over the past month. A rising buying rate means the bank is paying more birr per dollar — favourable if you are selling USD. A rising selling rate means it costs more birr to buy USD — relevant if you need dollars for travel or imports.

Tips for Forex Transactions at Ethiopian Banks

→Bring valid ID. All foreign currency transactions in Ethiopia require a valid government-issued photo ID. For larger amounts, banks may also require documentation showing the source or purpose of the funds.
→Transact early in the day. Banks sometimes revise rates mid-morning after receiving updated guidance from the NBE. Visiting early — before potential revisions — gives you certainty over the rate you saw when you checked online.
→Ask for the transaction rate on wire transfers. When sending or receiving international transfers, confirm with the teller that the transaction rate (not the cash rate) is being applied, as it is usually more favourable for electronic transfers.
→Compare before committing. Use the EthioForex dashboard to check whether Tsedey Bank's rate is the best available today. For large transactions, even a 0.20 ETB per dollar improvement across multiple banks can mean hundreds or thousands of birr difference.
→Keep your receipt. Always obtain and retain the official foreign currency exchange receipt. This documentation may be required for customs, tax reporting, or future foreign exchange transactions at the same bank.

Ethiopian Banks & Forex: What You Should Know

Ethiopia's foreign exchange market operates under the oversight of the National Bank of Ethiopia (NBE), which sets the daily reference rate and the permitted band within which commercial banks can quote. This managed system was significantly liberalised in 2024, allowing banks more freedom to compete on rates and bringing the official rate closer to market levels.

Commercial banks are the primary channel for legal foreign currency exchange in Ethiopia. They source foreign currency from export proceeds, diaspora remittances, tourism, and foreign direct investment. The availability of foreign currency at any given bank on any given day influences its rates — a bank with abundant USD reserves may offer a better selling rate to move inventory, while a bank with limited reserves may price its selling rate higher.

The Ethiopian banking sector has expanded rapidly, with more than 23 private commercial banks now operating alongside the state-owned Commercial Bank of Ethiopia. Private banks compete aggressively on forex rates to attract remittance flows and business clients, which is why rates across banks can differ meaningfully even within the same day.

EthioForex tracks all 24 banks in real time so you always know where to get the best rate without calling around or visiting multiple branches.

Frequently Asked Questions

How often does Tsedey Bank update its exchange rates?

Ethiopian commercial banks typically publish new rates at the start of each business day and may revise them mid-day in response to NBE guidance or market conditions. EthioForex fetches updated rates multiple times per day so this page reflects the most current published data. The "Last updated" timestamp in the bank header above shows when rates were last received.

Can I exchange any currency at Tsedey Bank?

Most major Ethiopian banks exchange the core currencies — USD, EUR, GBP, AED, SAR — at all their main branches. Less common currencies may only be available at larger city branches or may require advance notice. The rates table on this page shows all currencies currently tracked for Tsedey Bank. For very specific currencies, call the branch before visiting.

Is there a limit on how much foreign currency I can exchange?

The NBE sets regulations on foreign currency transactions in Ethiopia. For personal cash exchanges, limits apply and may require documentation for larger amounts. Import and export businesses transacting through the banking system are subject to separate NBE regulations. Contact Tsedey Bank directly or visit the NBE website for current limits and documentation requirements.

Why does the historical chart only show USD?

USD is the benchmark currency in Ethiopia's forex market — all other currency rates are typically derived from the USD rate using cross-rate calculations. Showing the USD historical trend gives the most representative view of a bank's overall rate trajectory. Navigate to any individual currency page to see that currency's rates across all banks.

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