GBP to ETB — POUND STERLING Exchange Rate
Compare GBP/ETB rates across all Ethiopian banks
As of , Oromia Bank offers the best GBP buying rate in Ethiopia at 221.6461 ETB per GBP. Goh Betoch Bank offers the most competitive selling rate at 209.8616 ETB.
GBP/ETB Rates — All Banks
24 banks tracked
| Bank↓ | Cash Buy↓ | Cash Sell↓ | Trans. Buy↓ | Trans. Sell↓ |
|---|---|---|---|---|
 Oromia BankBEST BUY ORIR | 221.6461 | 226.0790 | 217.4067 | 221.7548 |
 Abay Bank ABAY | 214.2121 | 218.4963 | 213.7207 | 217.9951 |
 Wegagen Bank S.C WEGA | 213.3426 | 217.6095 | 213.3426 | 217.6095 |
 Amhara Bank AMHR | 213.0832 | 217.3449 | 213.0832 | 217.3449 |
 Hibret Bank UNTD | 212.9913 | 217.2512 | 0.0000 | 0.0000 |
 Berhan Bank BERH | 212.9717 | 217.2311 | 0.0000 | 0.0000 |
 Dashen Bank DASH | 212.8460 | 217.1029 | 212.8460 | 217.1029 |
 Addis Bank ABSC | 212.5439 | 216.7948 | 212.5439 | 216.7948 |
 Tsedey Bank TSDY | 211.7678 | 216.0032 | 211.7678 | 216.0032 |
 ZamZam Bank ZAMZ | 211.7300 | 215.9646 | 215.7529 | 220.0680 |
 Ahadu Bank AHUU | 211.3701 | 215.5975 | 0.0000 | 0.0000 |
 Bank Of Abyssinia ABYS | 211.1560 | 215.3791 | 210.7667 | 214.9820 |
 Enat Bank ENAT | 210.6802 | 214.8938 | 0.0000 | 0.0000 |
 Awash Bank AWIN | 210.4903 | 214.7001 | 210.4903 | 214.7001 |
 Zemen Bank ZEME | 210.4871 | 214.6968 | 0.0000 | 0.0000 |
 Cooperative Bank of Oromia CBOR | 210.4772 | 214.6867 | 210.4772 | 214.6867 |
 Hijra Bank HIJR | 210.4580 | 214.6672 | 210.4580 | 214.6672 |
 Tsehay Bank TSCP | 210.0910 | 214.2928 | 210.0910 | 214.2928 |
 Nib International Bank NIBI | 208.6752 | 212.8487 | 208.6752 | 212.8487 |
 Global Bank Ethiopia DEGA | 208.1627 | 212.3260 | 208.1627 | 212.3260 |
 Commercial Bank of Ethiopia CBET | 206.8054 | 210.9415 | 210.7369 | 214.9517 |
 Siinqee Bank SINQ | 206.6929 | 210.8268 | 0.0000 | 0.0000 |
 Gadaa Bank GDAA | 205.8051 | 209.9212 | 205.8051 | 209.9212 |
 Goh Betoch BankBEST SELL GOBT | 205.7467 | 209.8616 | 0.0000 | 0.0000 |
About POUND STERLING (GBP)
The British Pound Sterling is one of the world's oldest and most valuable currencies and holds significance in Ethiopia's forex market due to strong historical and diaspora ties between Ethiopia and the United Kingdom. The UK is home to a significant Ethiopian diaspora community that sends remittances back home in GBP, contributing to the country's foreign exchange earnings. Ethiopian banks quote GBP/ETB rates to serve the needs of individuals and businesses transacting with UK-based counterparts.
The GBP is consistently one of the highest-valued major currencies per unit, often trading at a premium to both the USD and EUR.
Ethiopian diaspora communities in cities like London are a notable source of GBP remittances flowing into Ethiopia.
The UK-Ethiopia trade relationship covers goods such as textiles, agricultural products, and manufactured imports.
How to Read GBP/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 GBP banknotes at a branch. If you are converting physical GBP into ETB, this is your rate. Higher is better for you.
Cash Selling Rate
This is how much birr you pay to buy GBP banknotes at a branch. If you need physical GBP 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 GBP. 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 GBP. This is the rate used when paying an overseas supplier or sending an international transfer.
Tips for GBP 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 GBP can add up significantly on larger amounts.
- →Check both rate types. If you are receiving a wire transfer in GBP, 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 GBP 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 GBP in Ethiopia
Why do GBP/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 GBP 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 GBP 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 GBP. The "Best Buying" and "Best Selling" figures in the header always show the current top-performing bank.
Can I exchange GBP at any Ethiopian bank?
Most major Ethiopian commercial banks accept GBP 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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