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1 ETB to ZAR - Ethiopian Birr to South African Rand Exchange Rate

Br
ETB - Ethiopian BirrDown Arrow
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ZAR - South African RandDown Arrow
Exchange Rate

ETB 1 = ZAR 0.14667

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1 ETB = 0.14667 ZAR | 1 ZAR = 6.81803 ETB

Last Updated Feb 14, 5:30 IST

ETB 1 =ZAR 0.14667

1 ETB = 0.14667 ZAR
1 ZAR = 6.81803 ETB
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Last Updated Feb 14, 5:30 IST
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Our converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.

1 ETB to ZAR Exchange Rate Last 5 Days
Date
South African Rand Price
Feb 13, 2025
0.14671385395255032
Feb 12, 2025
0.14674100705600143
Feb 11, 2025
0.14685587149546586
Feb 10, 2025
0.14630103502314887
Feb 9, 2025
0.14417442344284748

ETB to ZAR Exchange Rate Chart

online1 ETB = 0.14667 ZAR

  • 1 Week
  • 1 Month
  • 1 Year
Ethiopian Birr (ETB) to South African Rand (ZAR) Conversions
Ethiopian Birr (ETB) Currency Exchange Rate against Other Currencies
South African Rand (ZAR) Currency Exchange Rate against Other Currencies
Currency Information
ETB - Ethiopian Birr
Our currency rankings show that the most popular Ethiopian Birr exchange rate is the ETB to ZAR rate. The currency code for Ethiopian Birr is ETB. The currency symbol is Br.
More Ethiopian Birr inforight-arrow
ZAR - South African Rand
Our currency rankings show that the most popular South African Rand exchange rate is the ZAR to ETB rate. The currency code for South African Rand is ZAR. The currency symbol is R.
More South African Rand inforight-arrow
1 Ethiopian Birr to South African Rand stats
Last 30 Days
Last 90 Days
High
0.150
0.152
Low
0.143
0.139
Average
0.147
0.146
Volatility
1.30%
1.06%

How much is 1 ETB in South African Rand

The exchange value of 1 ETB in South African Rand is 0.147 ZAR as on Feb 14.

How to check the exchange rate of 1 ETB to ZAR with Paytm

You can check the exchange rate of 1 Ethiopian Birr to South African Rand by using the Paytm currency exchange rate calculator.

All you need to do to see the exchange 1 ETB to ZAR online is as follows:.

  • Navigate to the Paytm currency calculator page.
  • Enter the amount 1 in the Amount section and
  • Select the currency ETB - Ethiopian Birr in the "From" section
  • Select ZAR - South African Rand in "To" section
  • Finally, click "Convert" to see the 1 ETB to ZAR conversion amount.

Methods to Convert (ETB) to South African Rand (ZAR) Online

There are several online ways to convert ETB to ZAR.

1. Online Banks

Most banks in India allow ETB to ZAR conversion through their internet banking or mobile apps.

Steps to Convert ETB to ZAR via Online Banking:

  1. Log in to your bank account.
  2. Select "Forex Services" or "Currency Exchange."
  3. Enter the ETB amount you want to convert.
  4. Check the exchange rate.
  5. Confirm and complete the transaction.

Pros:

  • Safe and secure.
  • Money gets credited directly to your account.
  • No hidden fees.

Cons:

  • Banks may offer lower exchange rates.
  • The process can take a few hours to a few days.

2. International Money Transfer Apps

Apps like Wise, PayPal, and Western Union allow ETB to ZAR conversion quickly.

Steps to Convert ETB to ZAR via international money transfer apps:

  1. Create an account in any app and log in.
  2. Enter the ETB amount you want to convert.
  3. Choose ZAR as the receiving currency.
  4. Add the recipient‘s Indian bank details.
  5. Check the exchange rate and fees.
  6. Confirm and transfer.

Pros:

  • Better exchange rates than banks.
  • Fast transfers (few minutes to hours).
  • Small and transparent fees.

Cons:

  • Requires verification for large amounts.

3. Forex Cards

A Forex card is a prepaid card that holds multiple currencies, including ETB.

Steps to Convert ETB to ZAR via Forex Card:

  1. Get a Forex card from a bank or travel agency.
  2. Load it with ETB before traveling.
  3. Use it at ATMs in India to withdraw ZAR.
  4. The card automatically converts ETB to ZAR at the time of withdrawal.

Pros:

  • Safer than carrying cash.
  • Good exchange rates.
  • Can be used multiple times.

Cons:

  • Some banks charge ATM withdrawal fees.
  • Limited to international travelers.

4. Cryptocurrency Exchanges

Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.

Steps to Convert ETB to ZAR via Crypto:

  1. Buy Bitcoin (BTC) with ETB on a crypto exchange.
  2. Transfer the BTC to an Indian exchange.
  3. Sell it for ZAR.
  4. Withdraw ZAR to your bank account.

Pros:

  • Fast transactions.
  • Good for high amounts.
  • Some platforms offer zero fees.

Cons:

  • Cryptocurrency prices fluctuate.
  • May not be legal in all countries.

Places to Convert ETB to ZAR Offline

There are several offline methods to exchange ETB to ZAR. Let‘s explore them.

1. Banks

Banks offer currency exchange services at competitive rates. You need to visit a branch with your ETB cash and exchange it for ZAR.

Steps to Exchange ETB to ZAR at a Bank:

  1. Visit a bank branch that offers forex services.
  2. Carry your passport, visa, and ID proof (for foreigners).
  3. Fill out the currency exchange form.
  4. Hand over the ETB cash.
  5. Receive ZAR in cash or your bank account.

Pros:

  • Safe and reliable.
  • Better exchange rates than airports.
  • Direct deposit option available.

Cons:

  • Limited working hours.
  • Requires documents for verification.

2. Currency Exchange Centers

Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline ETB to ZAR conversion.

Steps to Exchange ETB to ZAR at an Exchange Center:

  1. Visit a licensed money exchange center.
  2. Show your passport and ID proof.
  3. Provide the ETB cash for exchange.
  4. Receive ZAR at the given exchange rate.

Pros:

  • Quick and easy.
  • Available in major cities and tourist areas.
  • Competitive exchange rates.

Cons:

  • Some centers charge extra service fees.
  • Not available in remote areas.

3. Airport Currency Exchange Counters

Airports have forex counters where travelers can exchange ETB to ZAR.

Steps to Exchange ETB to ZAR at an Airport:

  1. Locate the currency exchange counter at the airport.
  2. Show your passport and travel documents.
  3. Hand over ETB and receive ZAR instantly.

Pros:

  • Convenient for travelers.
  • Open 24/7 in major airports.

Cons:

  • Higher exchange rates compared to banks.
  • Extra service fees.

4. Hotels and Travel Agencies

Some hotels and travel agencies offer currency exchange services for guests.

Steps to Exchange ETB to ZAR at a Hotel or Travel Agency:

  1. Check if your hotel or travel agency provides forex services.
  2. Provide your passport and ETB cash.
  3. Receive ZAR based on their exchange rate.

Pros:

  • Very convenient for travelers.
  • No need to visit a bank or forex center.

Cons:

  • Higher exchange rates.
  • Limited availability.

5. Local Money Changers

In busy markets and tourist spots, you may find local money changers who exchange ETB for ZAR

Steps to Exchange ETB to ZAR at a Local Money Changer:

  1. Find a trusted local money changer.
  2. Negotiate the exchange rate if possible.
  3. Provide ETB and receive ZAR.

Pros:

  • Quick and easy.
  • Sometimes better rates than banks.

Cons:

  • Risk of fraud or counterfeit ZAR.
  • No official receipt or record.

Documents Required for ETB to ZAR Exchange

Most offline exchanges require identity proof. Here are the common documents needed:

Document TypeRequired For
PassportAll exchanges (mandatory for foreigners)

Always carry a valid ID when exchanging currency.

Tips to Get the Best Exchange Rate for converting ETB to ZAR

  1. Compare Rates: Use online comparison tools to check the best ETB to ZAR rates before converting.
  2. Avoid Weekends: Exchange rates are higher on weekends due to market closure.
  3. Use Low-Fee Platforms: Choose platforms like Wise or Forex cards to reduce extra charges.
  4. Avoid Airport Exchanges: Airport forex counters have the worst exchange rates.
  5. Convert Larger Amounts: Some platforms offer better rates for higher amounts.
  6. Negotiate: At local money changers, you may get a better rate if you negotiate.
  7. Check for Hidden Fees: Ask about service charges before exchanging.
  8. Verify the Notes: Always count your ZAR and check for fake currency.
  9. Use Official Channels: Avoid unlicensed money changers to prevent scams.

Fees and Charges for converting ETB to ZAR

MethodExchange RateTransfer FeeAvailabilitySpeed
Bank TransferLowLowLimited hours1-3 days
Any Third Party AppHighLow24/7Instant/Few minutes
Forex CardMediumLow24/7Instant
Crypto ExchangeHighLow24/7Few minutes
Exchange CentersGoodMediumWidely availableFew minutes
Airport CountersHighHigh24/7 at airportsFew minutes
Hotels/AgenciesVery HighMediumOnly for guestsFew minutes
Local Money ChangersVariesLowRisky but quickFew minutes

Benefits of ETB to ZAR Conversion

Converting Ethiopian Birr (ETB) to South African Rand (ZAR) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:

1. Favorable Exchange Rates

ETB is a strong and widely traded currency. If the exchange rate is favorable, converting ETB to ZAR can give you more value for your money.

2. Higher Purchasing Power in South Africa

Since 1 ETB equals a significantly higher amount in ZAR, converting ETB to ZAR increases your purchasing power, allowing you to afford more goods and services in South Africa.

3. Supports Travel and Expenses in South Africa

If you‘re an NRI, tourist, or returning from the Ethiopia, converting ETB to ZAR ensures you have local currency for daily expenses, shopping, and travel within South Africa.

4. Investment Opportunities

Converting ETB to ZAR can help you invest in South Africa assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Ethiopia markets.

5. Savings on Transaction Fees

Using a direct ETB to ZAR conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.

6. Business and Trade Advantages

For businesses involved in international trade, converting ETB to ZAR at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.

By choosing the right conversion method and timing, you can maximize the benefits of ETB to ZAR exchange.

Frequently Asked Questions

FAQs

Can I convert ETB to ZAR without a bank account?
Yes, you can use forex cards, international wallets, or cash exchanges.
How long does it take to convert ETB to ZAR online?
It depends on the method: • Bank Transfers: 1-3 days • Wise & PayPal: A few minutes to hours • Crypto: A few minutes • Forex Cards: Instant at ATMs
Is it safe to convert ETB to ZAR online?
Yes, but use trusted platforms like banks, Wise, or PayPal. Avoid unknown websites to prevent fraud.
Are there any hidden charges?
Always check for: • Transfer fees • Conversion charges • GST or other taxes • Bank charges (for wire transfers)
Can I exchange ETB to ZAR without a passport?
Most licensed exchanges require a passport, especially for large amounts. Small amounts may be exchanged with an Aadhaar or PAN card.
How much ETB can I exchange at a time?
There is no strict limit, but heavy transactions may require extra documentation and approval from respective authorities.
Is it safe to exchange money at local money changers?
It can be risky. Always choose a trusted and licensed money changer to avoid scams.
Do banks offer the best exchange rates?
Banks usually offer better rates than airports and hotels, but money exchange centers might have even better deals.
What should I do if I receive fake ZAR notes?
If you suspect fake notes, inform the exchange center immediately and report it to the local police if necessary.
What is the 1 Ethiopian Birr (ETB) worth against the South African Rand?
1 ETB is worth 0.147 South African Rand today
What is the 25 Ethiopian Birr (ETB) worth against the South African Rand?
25 ETB is worth 3.667 South African Rand today
What is the 1 Ethiopian Birr (ETB) worth against the British Pound Sterling?
1 ETB is worth 0.006312494248211001 GBP today
What is the strongest currency in the world right now?
Despite being the most traded and powerful currency in the world, the US dollar may not be the most expensive. On the other hand, Kuwait's strong economy has made the Kuwaiti dinar (KWD) the world's most valuable currency. 1 KWD = $3.26.
What is the top 10 highest currency in the world?
Kuwaiti Dinar, Bahraini Dinar, Omani Rial, Jordanian Dinar, British Pound Sterling, Cayman Islands Dollar, European Euro, Swiss Franc, US Dollar, and Canadian Dollar are the top ten most valuable currencies in the world.
Which is the lowest currency in the world?
The Iranian Rial is the world's most affordable currency.

Source of the rates:apilayer.com

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