Live INR to ETB exchange rate today - 1 INR equals 1.7025 ETB, with an instant two-way converter for Indian Rupee to Ethiopian Birr.
1 INR = 1.702500 ETB
1 ETB = 0.5874 INR
1.00 Indian Rupee =
1.7025 Ethiopian Birr
Last updated: September 3, 2026
This INR to ETB rate is sourced from the Frankfurter exchange rate API, which aggregates reference rates from central banks and financial data providers. Rates on this page are refreshed daily and reflect the mid-market exchange rate (the midpoint between buy and sell prices), rather than the retail rate offered at a bank or currency exchange counter.
Use the calculator above to convert any amount both ways: enter a value in either the INR box or the Ethiopian Birr (ETB) box to see the live conversion instantly.
A managed float, not pegged to any other currency - the RBI lets the market set its value but occasionally buys or sells dollars to smooth out sharp swings.
Moved from a tightly managed, effectively pegged rate to a market-determined float in July 2024, an IMF-linked reform that led to a sharp, immediate devaluation as the official rate adjusted to reflect real market conditions.
The INR/ETB rate moves every trading day, driven mainly by:
Ethiopia moved from a tightly managed, effectively fixed exchange rate to a market-determined float in July 2024, an IMF-linked reform. Because the old official rate had been held well above what the market would have set, letting it float caused an immediate, sharp devaluation as the rate adjusted to real conditions.
Not anymore. It was effectively managed close to a fixed rate for years, but since the July 2024 reform it's meant to be market-determined, though the National Bank of Ethiopia still plays an active role in the market.
It's the mid-market rate, the midpoint between the buy and sell price on the global currency market, with no margin added. Banks, forex counters and card networks add their own markup on top, so the rate you're actually charged when exchanging cash or paying by card abroad will differ, usually by 1 to 4 percent in their favor.
Once a day, refreshed at 7:00 AM IST from the Frankfurter API.
Frankfurter (frankfurter.dev), a free exchange-rate API that blends official reference rates from multiple central banks rather than relying on a single source.
Use it as a reference for roughly what you should be getting, not as the exact rate you'll receive. An actual transaction, a bank transfer, cash exchange, or a card payment abroad, goes through your bank or exchange provider's own rate, which includes their margin and any transaction fees.