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10 BIF to ETB - Burundian Franc to Ethiopian Birr Exchange Rate

FBu
BIF - Burundian FrancDown Arrow
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ETB - Ethiopian BirrDown Arrow
Exchange Rate

BIF 10 = ETB 0.4308

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1 BIF = 0.04308 ETB | 1 ETB = 23.21263 BIF

Last Updated Feb 14, 5:30 IST

BIF 10 =ETB 0.4308

1 BIF = 0.04308 ETB
1 ETB = 23.21263 BIF
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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 BIF to ETB Exchange Rate Last 5 Days
Date
Ethiopian Birr Price
Feb 13, 2025
0.04308187017423984
Feb 12, 2025
0.04314773000683527
Feb 11, 2025
0.0430939411965812
Feb 10, 2025
0.04312351385562778
Feb 9, 2025
0.04322432263555047

BIF to ETB Exchange Rate Chart

online1 BIF = 0.04308 ETB

  • 1 Week
  • 1 Month
  • 1 Year
Currency Information
BIF - Burundian Franc
Our currency rankings show that the most popular Burundian Franc exchange rate is the BIF to ETB rate. The currency code for Burundian Franc is BIF. The currency symbol is FBu.
More Burundian Franc inforight-arrow
ETB - Ethiopian Birr
Our currency rankings show that the most popular Ethiopian Birr exchange rate is the ETB to BIF rate. The currency code for Ethiopian Birr is ETB. The currency symbol is Br.
More Ethiopian Birr inforight-arrow
1 Burundian Franc to Ethiopian Birr stats
Last 30 Days
Last 90 Days
High
0.044
0.044
Low
0.042
0.041
Average
0.043
0.043
Volatility
0.88%
1.46%

How much is 10 BIF in Ethiopian Birr

The exchange value of 10 BIF in Ethiopian Birr is 0.431 ETB as on Feb 14.

How to check the exchange rate of 10 BIF to ETB with Paytm

You can check the exchange rate of 10 Burundian Franc to Ethiopian Birr by using the Paytm currency exchange rate calculator.

All you need to do to see the exchange 10 BIF to ETB online is as follows:.

  • Navigate to the Paytm currency calculator page.
  • Enter the amount 10 in the Amount section and
  • Select the currency BIF - Burundian Franc in the "From" section
  • Select ETB - Ethiopian Birr in "To" section
  • Finally, click "Convert" to see the 10 BIF to ETB conversion amount.

Methods to Convert (BIF) to Ethiopian Birr (ETB) Online

There are several online ways to convert BIF to ETB.

1. Online Banks

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

Steps to Convert BIF to ETB via Online Banking:

  1. Log in to your bank account.
  2. Select "Forex Services" or "Currency Exchange."
  3. Enter the BIF 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 BIF to ETB conversion quickly.

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

  1. Create an account in any app and log in.
  2. Enter the BIF amount you want to convert.
  3. Choose ETB 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 BIF.

Steps to Convert BIF to ETB via Forex Card:

  1. Get a Forex card from a bank or travel agency.
  2. Load it with BIF before traveling.
  3. Use it at ATMs in India to withdraw ETB.
  4. The card automatically converts BIF to ETB 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 BIF to ETB via Crypto:

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

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

1. Banks

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

Steps to Exchange BIF to ETB 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 BIF cash.
  5. Receive ETB 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 BIF to ETB conversion.

Steps to Exchange BIF to ETB at an Exchange Center:

  1. Visit a licensed money exchange center.
  2. Show your passport and ID proof.
  3. Provide the BIF cash for exchange.
  4. Receive ETB 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 BIF to ETB.

Steps to Exchange BIF to ETB at an Airport:

  1. Locate the currency exchange counter at the airport.
  2. Show your passport and travel documents.
  3. Hand over BIF and receive ETB 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 BIF to ETB at a Hotel or Travel Agency:

  1. Check if your hotel or travel agency provides forex services.
  2. Provide your passport and BIF cash.
  3. Receive ETB 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 BIF for ETB

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

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

Pros:

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

Cons:

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

Documents Required for BIF to ETB 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 BIF to ETB

  1. Compare Rates: Use online comparison tools to check the best BIF to ETB 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 ETB and check for fake currency.
  9. Use Official Channels: Avoid unlicensed money changers to prevent scams.

Fees and Charges for converting BIF to ETB

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 BIF to ETB Conversion

Converting Burundian Franc (BIF) to Ethiopian Birr (ETB) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:

1. Favorable Exchange Rates

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

2. Higher Purchasing Power in Ethiopia

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

3. Supports Travel and Expenses in Ethiopia

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

4. Investment Opportunities

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

5. Savings on Transaction Fees

Using a direct BIF to ETB 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 BIF to ETB 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 BIF to ETB exchange.

Frequently Asked Questions

FAQs

Can I convert BIF to ETB without a bank account?
Yes, you can use forex cards, international wallets, or cash exchanges.
How long does it take to convert BIF to ETB 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 BIF to ETB 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 BIF to ETB 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 BIF 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 ETB notes?
If you suspect fake notes, inform the exchange center immediately and report it to the local police if necessary.
What is the 10 Burundian Franc (BIF) worth against the Ethiopian Birr?
10 BIF is worth 0.431 Ethiopian Birr today
What is the 50 Burundian Franc (BIF) worth against the Ethiopian Birr?
50 BIF is worth 2.154 Ethiopian Birr today
What is the 1 Burundian Franc (BIF) worth against the Brazilian Real?
1 BIF is worth 0.001970857874957294 BRL 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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