SAR to ETB — SAUDI RIYAL Exchange Rate
Compare SAR/ETB rates across all Ethiopian banks
As of , Hijra Bank offers the best SAR buying rate in Ethiopia at 44.7901 ETB per SAR. Global Bank Ethiopia offers the most competitive selling rate at 30.5457 ETB.
SAR/ETB Rates — All Banks
19 banks tracked
| Bank↓ | Cash Buy↓ | Cash Sell↓ | Trans. Buy↓ | Trans. Sell↓ |
|---|---|---|---|---|
 Hijra BankBEST BUY HIJR | 44.7901 | 45.6859 | 44.7901 | 45.6859 |
 ZamZam Bank ZAMZ | 44.7821 | 45.6777 | 44.7821 | 45.6777 |
 Cooperative Bank of Oromia CBOR | 44.0828 | 44.9645 | 44.0828 | 44.9645 |
 Bank Of Abyssinia ABYS | 43.9958 | 44.8757 | 43.9958 | 44.8757 |
 Dashen Bank DASH | 43.7871 | 44.6628 | 43.7871 | 44.6628 |
 Tsehay Bank TSCP | 43.5913 | 44.4631 | 43.5913 | 44.4631 |
 Oromia Bank ORIR | 43.5273 | 44.3979 | 42.6948 | 43.5487 |
 Awash Bank AWIN | 43.2581 | 44.1233 | 43.7611 | 44.6363 |
 Siinqee Bank SINQ | 42.7169 | 43.5712 | 0.0000 | 0.0000 |
 Amhara Bank AMHR | 42.5049 | 43.3550 | 42.5049 | 43.3550 |
 Commercial Bank of Ethiopia CBET | 42.0349 | 42.8756 | 42.0349 | 42.8756 |
 Nib International Bank NIBI | 42.0004 | 42.8404 | 42.0004 | 42.8404 |
 Abay Bank ABAY | 41.3015 | 42.1275 | 41.3015 | 42.1275 |
 Tsedey Bank TSDY | 41.1757 | 41.9992 | 41.1757 | 41.9992 |
 Ahadu Bank AHUU | 40.1223 | 40.9247 | 0.0000 | 0.0000 |
 Gadaa Bank GDAA | 33.0073 | 33.6674 | 33.0073 | 33.6674 |
 Global Bank Ethiopia DEGA | 29.9468 | 30.5457 | 0.0000 | 0.0000 |
 Addis BankBEST SELL ABSC | 0.0000 | 0.0000 | 42.5083 | 43.3585 |
 Enat Bank ENAT | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
About SAUDI RIYAL (SAR)
The Saudi Riyal is one of the most economically significant Gulf currencies for Ethiopia, reflecting the massive flow of remittances from the large Ethiopian migrant worker community in Saudi Arabia. Hundreds of thousands of Ethiopians are employed in the Kingdom, and their remittances in SAR represent a critical source of household income and national foreign exchange reserves. The SAR/ETB exchange rate is closely watched by families across Ethiopia who depend on funds sent from Saudi Arabia.
Saudi Arabia is one of the top destinations for Ethiopian labor migrants, particularly domestic workers and construction laborers.
The SAR is pegged to the USD at a fixed rate of 3.75, which creates a stable and predictable SAR/ETB exchange dynamic.
Remittances from Saudi Arabia to Ethiopia are estimated to be worth hundreds of millions of dollars annually.
How to Read SAR/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 SAR banknotes at a branch. If you are converting physical SAR into ETB, this is your rate. Higher is better for you.
Cash Selling Rate
This is how much birr you pay to buy SAR banknotes at a branch. If you need physical SAR 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 SAR. 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 SAR. This is the rate used when paying an overseas supplier or sending an international transfer.
Tips for SAR 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 SAR can add up significantly on larger amounts.
- →Check both rate types. If you are receiving a wire transfer in SAR, 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 SAR 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 SAR in Ethiopia
Why do SAR/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 SAR 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 SAR 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 SAR. The "Best Buying" and "Best Selling" figures in the header always show the current top-performing bank.
Can I exchange SAR at any Ethiopian bank?
Most major Ethiopian commercial banks accept SAR 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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