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Compare today's ETB to EUR (Ethiopian Birr to Euro) exchange rates

Ethiopia
Slovakia
ETB
Interbank Exchange Rate: 1 ETB = 0.0055 EUR
Updated about an hour ago

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All you need to know about Ethiopian Birr to Euro money transfers

Easily compare money transfer providers in one place to send money from Ethiopia to Slovakia. Send money overseas to your loved ones by comparing Ethiopian Birr (ETB) to Euro (EUR) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Were you looking to send money from Slovakia to Ethiopia instead?

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.


Latest ETB to EUR Conversion Rates

Here are some latest ETB to EUR (Ethiopian Birr to Euro) exchange rates for popular conversion amounts*.

1 ETB0.01 EUR
5 ETB0.03 EUR
10 ETB0.05 EUR
25 ETB0.14 EUR
50 ETB0.27 EUR
100 ETB0.55 EUR
150 ETB0.83 EUR
200 ETB1.10 EUR
250 ETB1.38 EUR
300 ETB1.65 EUR
400 ETB2.20 EUR
500 ETB2.75 EUR
600 ETB3.30 EUR
700 ETB3.85 EUR
800 ETB4.40 EUR
1,000 ETB5.50 EUR
1,500 ETB8.25 EUR
2,000 ETB11.00 EUR
2,500 ETB13.75 EUR
3,000 ETB16.50 EUR
4,000 ETB22.00 EUR
5,000 ETB27.50 EUR
10,000 ETB55.00 EUR
15,000 ETB82.50 EUR
20,000 ETB110.00 EUR
30,000 ETB165.00 EUR
40,000 ETB220.00 EUR
50,000 ETB275.00 EUR
100,000 ETB550.00 EUR

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Ethiopia to Slovakia?

With the global remittance market booming, there are so many choices for Ethiopian Birr to EUR money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Slovakia from Ethiopia. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final EUR amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best remit rate for transferring money from Ethiopia to Slovakia?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your ETB to Euro money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Ethiopia to Slovakia. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for ETB to EUR remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to send money from Ethiopia to Slovakia?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Ethiopia to Slovakia via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Ethiopian Birr to Euro remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Ethiopia to Slovakia exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for ETB to EUR remittances.


Should I use my bank to send money from Ethiopia to Slovakia?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low ETB to EUR exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Ethiopia to Slovakia money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Slovakia from Ethiopia. They do this by letting you fund your transaction through your local bank account in Ethiopia, and by allowing you to choose the payout to be your recipient's bank account in Slovakia. But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to transfer money from Ethiopia to Slovakia?

The speed of your Ethiopian Birr to Euro funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert ETB to EUR. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Slovakia from Ethiopia is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Slovakia if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout EUR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Ethiopia bank to Slovakia bank transfer.


Which are the best money transfer companies to transfer money to Slovakia from Ethiopia?

Ethiopia to Slovakia money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Slovakia as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Ethiopian Birr to Euro money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to send money to Slovakia from Ethiopia

There are many important aspects of Ethiopia to Slovakia remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Ethiopia bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include EUR bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Ethiopian Birr amount you want to send from Ethiopia.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Slovakia to validate that they get the money once the transaction clears.