100 Ethiopian Birr to Indian Rupee (INR) Exchange Rate
Overview
The Ethiopian Birr (ETB) is the official currency of Ethiopia, while the Indian Rupee (INR) is the official currency of India. With the increasing importance of international trade and commerce, it's essential to understand the exchange rate between these two currencies.
Current Exchange Rate
As of the current market conditions, the exchange rate between 100 Ethiopian Birr (ETB) and Indian Rupee (INR) is approximately:
100 ETB = 235.15 INR
Please note that the exchange rate may fluctuate constantly due to market forces and economic conditions. This rate is only an estimate and may not reflect the actual exchange rate at the time of reading.
Currency Conversion
To give you a better understanding of the conversion, here's a breakdown of the exchange rate:
- 1 ETB = 2.35 INR
- 10 ETB = 23.51 INR
- 50 ETB = 117.55 INR
- 100 ETB = 235.15 INR
Why is the Ethiopian Birr Weak Against the Indian Rupee?
There are several reasons why the Ethiopian Birr is weak against the Indian Rupee. Some of the key factors include:
Economic Growth
India has a more robust economy compared to Ethiopia, which affects the exchange rate. India's economy is the third-largest in the world in terms of purchasing power parity (PPP), while Ethiopia's economy is still developing.
Inflation Rate
Ethiopia has a higher inflation rate compared to India, which erodes the purchasing power of the Birr. This leads to a decrease in the value of the Birr against other currencies, including the Indian Rupee.
Trade Balance
India has a more favorable trade balance compared to Ethiopia. India has a significant trade surplus, which strengthens the Rupee, while Ethiopia has a trade deficit, which weakens the Birr.
Conclusion
In conclusion, the exchange rate between 100 Ethiopian Birr and Indian Rupee is approximately 235.15 INR. However, this rate is subject to change due to market forces and economic conditions. Understanding the factors that affect the exchange rate, such as economic growth, inflation rate, and trade balance, can help you make informed decisions when converting currencies.
Disclaimer
The exchange rate mentioned in this article is only an estimate and may not reflect the actual exchange rate at the time of reading. Please consult a reliable currency exchange service or financial institution for the most up-to-date and accurate exchange rates.
