CNY to ETB — CHINESE YUAN Exchange Rate
Compare CNY/ETB rates across all Ethiopian banks
As of , Wegagen Bank S.C offers the best CNY buying rate in Ethiopia at 23.5716 ETB per CNY. Gadaa Bank offers the most competitive selling rate at 17.3282 ETB.
CNY/ETB Rates — All Banks
11 banks tracked
| Bank↓ | Cash Buy↓ | Cash Sell↓ | Trans. Buy↓ | Trans. Sell↓ |
|---|---|---|---|---|
 Wegagen Bank S.CBEST BUY WEGA | 23.5716 | 24.0428 | 23.5716 | 24.0428 |
 Bank Of Abyssinia ABYS | 23.4168 | 23.8851 | 23.4168 | 23.8851 |
 Awash Bank AWIN | 23.4102 | 23.8784 | 23.4102 | 23.8784 |
 Enat Bank ENAT | 23.0556 | 23.5167 | 0.0000 | 0.0000 |
 Commercial Bank of Ethiopia CBET | 22.8458 | 23.3028 | 23.2783 | 23.7439 |
 Abay Bank ABAY | 22.7835 | 23.2392 | 22.7835 | 23.2392 |
 Tsedey Bank TSDY | 22.7117 | 23.1659 | 22.7117 | 23.1659 |
 Tsehay Bank TSCP | 22.7117 | 23.1659 | 22.7117 | 23.1659 |
 Dashen Bank DASH | 21.3767 | 21.8043 | 21.3767 | 21.8043 |
 Cooperative Bank of Oromia CBOR | 20.5172 | 20.9275 | 20.5172 | 20.9275 |
 Gadaa BankBEST SELL GDAA | 16.9884 | 17.3282 | 16.9884 | 17.3282 |
About CHINESE YUAN (CNY)
The Chinese Yuan (Renminbi) has grown in importance to Ethiopia's economy as China has become the country's largest bilateral trading partner and a dominant source of foreign direct investment. Chinese companies have been involved in major Ethiopian infrastructure projects including railways, roads, and industrial parks, and much of the related financing and procurement is conducted in CNY or USD. As Ethiopia seeks to diversify its foreign currency relationships, the Yuan's role in the country's forex market continues to expand.
China is Ethiopia's largest source of imports, supplying manufactured goods, machinery, electronics, and construction materials.
The Addis Ababa–Djibouti railway, built and financed by Chinese firms, has strengthened economic ties between the two nations.
Ethiopia has discussed increasing the use of CNY in bilateral trade to reduce dependence on the US Dollar.
How to Read CNY/ETB Rates
The table above shows four rate columns for each bank. Understanding what each column means will help you choose the right bank and rate type for your transaction.
Cash Buying Rate
This is the birr amount the bank pays you when you exchange CNY banknotes at a branch. If you are converting physical CNY into ETB, this is your rate. Higher is better for you.
Cash Selling Rate
This is how much birr you pay to buy CNY banknotes at a branch. If you need physical CNY for travel or personal use, this is the rate you pay. Lower is better for you.
Transaction Buying Rate
Applied to non-cash inbound transfers such as incoming wire transfers, remittances, and export proceeds received in CNY. Usually slightly better than the cash rate because handling costs are lower.
Transaction Selling Rate
Applied to outgoing wire transfers, import payments, and other non-cash transactions sent abroad in CNY. This is the rate used when paying an overseas supplier or sending an international transfer.
Tips for CNY Transactions in Ethiopia
- →Compare before you go. Sort the table by "Cash Buying" or "Cash Selling" depending on your transaction direction. Even a small rate difference per unit of CNY can add up significantly on larger amounts.
- →Check both rate types. If you are receiving a wire transfer in CNY, ask your bank for the transaction buying rate — it is usually more favourable than the cash rate.
- →Transact during business hours. Ethiopian banks only update rates on business days. Rates posted on the last business day before a holiday remain in effect until the next update, so time-sensitive transactions are best completed early in the week.
- →Use the converter for exact amounts. Head to the Currency Converter to calculate precisely how many birr you will receive or need for a specific amount of CNY at today's rates.
- →Monitor historical trends. Visit any individual bank page to see a 30-day historical rate chart. This helps you judge whether rates are trending up or down and whether it is a good time to exchange.
Frequently Asked Questions about CNY in Ethiopia
Why do CNY/ETB rates change every day?
The National Bank of Ethiopia publishes a reference rate every business day based on interbank trading and broader market conditions. Each commercial bank then sets its own buying and selling rates within a permitted band around that reference. Global movements in the CNY value, Ethiopia's trade balance, and foreign currency supply in the banking system all influence where the rate lands on any given day.
Which bank offers the best CNY rate today?
This changes daily. Use the sort feature in the rates table at the top of this page to instantly rank all banks by their buying or selling rate for CNY. The "Best Buying" and "Best Selling" figures in the header always show the current top-performing bank.
Can I exchange CNY at any Ethiopian bank?
Most major Ethiopian commercial banks accept CNY for exchange, though availability at specific branches may vary. It is always advisable to call ahead to confirm that the branch has sufficient foreign currency inventory, particularly for larger amounts or less common currencies.
Are the rates on this page the same as at the bank counter?
The rates shown here are sourced from banks' officially published rate sheets and are updated multiple times per business day. They are accurate at the time of the last update (shown at the top of the page), but intra-day revisions at a specific branch may mean the counter rate differs slightly. Confirm the rate with the teller before finalising your transaction.
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