NOK to ETB — NORWEGIAN KRONER Exchange Rate
Compare NOK/ETB rates across all Ethiopian banks
As of , Tsedey Bank offers the best NOK buying rate in Ethiopia at 16.7390 ETB per NOK. Gadaa Bank offers the most competitive selling rate at 11.1353 ETB.
NOK/ETB Rates — All Banks
8 banks tracked
| Bank↓ | Cash Buy↓ | Cash Sell↓ | Trans. Buy↓ | Trans. Sell↓ |
|---|---|---|---|---|
 Tsedey BankBEST BUY TSDY | 16.7390 | 17.0738 | 16.7390 | 17.0738 |
 Tsehay Bank TSCP | 16.7390 | 17.0738 | 16.7390 | 17.0738 |
 Bank Of Abyssinia ABYS | 16.1903 | 16.5141 | 16.1903 | 16.5141 |
 Zemen Bank ZEME | 16.0972 | 16.4191 | 0.0000 | 0.0000 |
 Commercial Bank of Ethiopia CBET | 15.7522 | 16.0672 | 16.0517 | 16.3727 |
 Awash Bank AWIN | 14.7842 | 15.0799 | 13.7349 | 14.0096 |
 Gadaa Bank GDAA | 10.9170 | 11.1353 | 10.9170 | 11.1353 |
 Enat BankBEST SELL ENAT | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
About NORWEGIAN KRONER (NOK)
The Norwegian Krone is relevant to Ethiopia's forex market through Norway's significant role as a development partner, humanitarian donor, and home to a growing Ethiopian diaspora community. Norway has provided substantial development assistance to Ethiopia, particularly in areas of peace building, education, and environmental conservation. Ethiopian remittances from Norway are important to recipient families across Ethiopia.
Norway is one of the world's largest per-capita donors of foreign aid, and Ethiopia has been a consistent beneficiary of Norwegian development funding.
The NOK is closely correlated with global oil prices, as Norway is a major petroleum-exporting nation.
The Ethiopian diaspora in Norway is concentrated in major cities including Oslo, contributing to remittance flows.
How to Read NOK/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 NOK banknotes at a branch. If you are converting physical NOK into ETB, this is your rate. Higher is better for you.
Cash Selling Rate
This is how much birr you pay to buy NOK banknotes at a branch. If you need physical NOK 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 NOK. 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 NOK. This is the rate used when paying an overseas supplier or sending an international transfer.
Tips for NOK 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 NOK can add up significantly on larger amounts.
- →Check both rate types. If you are receiving a wire transfer in NOK, 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 NOK 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 NOK in Ethiopia
Why do NOK/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 NOK 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 NOK 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 NOK. The "Best Buying" and "Best Selling" figures in the header always show the current top-performing bank.
Can I exchange NOK at any Ethiopian bank?
Most major Ethiopian commercial banks accept NOK 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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