Hibret Bank
UNTDLive exchange rates — 4 currencies tracked
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Ahadu Bank Cash Rates
| Currency↑ | Buying | Selling |
|---|---|---|
 CHF SWISS FRANC | 196.1975 | 200.1215 |
 EUR EURO | 187.4510 | 191.2000 |
 GBP POUND STERLING | 212.9913 | 217.2512 |
 USD US DOLLAR | 159.5382 | 162.7289 |
Transaction Rates
| Currency↑ | Buying | Selling |
|---|---|---|
CHF SWISS FRANC | 0.0000 | 0.0000 |
EUR EURO | 0.0000 | 0.0000 |
GBP POUND STERLING | 0.0000 | 0.0000 |
USD US DOLLAR | 0.0000 | 0.0000 |
USD/ETB Historical Rates — 30 Days
About Hibret Bank
Hibret Bank has been repositioned as a modern commercial bank serving Ethiopia's growing economy. The bank offers foreign exchange services including currency conversion and international payment facilitation for both individual and corporate customers. Hibret Bank's transformation is part of a broader modernization effort to bring its services in line with the dynamic demands of Ethiopia's evolving forex market.
How to Use Hibret Bank's Rates
The tables above show Hibret 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 Hibret 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 Hibret 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 Hibret 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 Hibret 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 Hibret 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 Hibret 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 Hibret 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 Hibret 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.
Other Banks
Commercial Bank of Ethiopia Tsehay Bank Oromia Bank Tsedey Bank Global Bank Ethiopia Siinqee Bank Nib International Bank Goh Betoch Bank Cooperative Bank of Oromia Bank Of Abyssinia Dashen Bank Amhara Bank Zemen Bank Berhan Bank Enat Bank Hijra Bank ZamZam Bank Gadaa Bank Abay Bank Awash Bank Addis Bank Wegagen Bank S.C Ahadu Bank