Exchange Rates Development
Rates in Birr per US$
Foreign Exchange Auction Rate
Parallel Market
Period
Marginal
Average Marginal
End Period
Average
1992/93
Qtr. IV
5.100
5.0091
7.60
1993/94
6.220
5.7744
6.80
7.05
Qtr. I
5.4727
7.00
7.22
Qtr. II
5.860
5.4684
7.10
7.09
Qtr. III
6.060
5.9134
6.95
6.2432
6.96
1994/95
6.320
6.2505
7.70
7.30
6.250
6.1972
7.20
6.2732
7.16
6.270
6.2594
7.40
7.28
6.2722
7.64
1995/96
6.350
6.3178
7.55
6.300
6.3050
7.57
6.3032
7.75
7.68
6.3374
7.65
6.3256
7.61
1996/97
6.800
6.5007
7.18
6.390
6.3455
7.21
July
6.330
6.3411
7.15
7.23
August
6.340
6.3391
7.27
September
6.3563
6.426
6.3974
7.13
October
6.400
6.4026
November
6.380
6.3929
December
6.3967
6.643
6.5801
January
6.497
6.4657
7.12
February
6.734
6.6265
7.14
March
6.6482
7.17
6.801
6.6796
April
6.604
6.6031
May
6.672
6.6338
June
6.8020
7.19
1997/98
7.060
6.8817
7.03
7.08
6.808
6.7710
7.24
6.718
6.7416
6.826
6.7680
6.8033
6.864
6.8164
6.825
6.8115
7.33
7.29
6.813
6.8040
6.8338
7.07
6.951
6.9094
6.92
6.891
6.8736
6.88
6.953
6.9138
6.91
6.89
6.9407
6.93
7.0300
6.98
7.000
6.9800
7.110
7.0500
7.0600
1998/99
8.121
7.5111
8.14
7.69
7.265
7.1529
7.46
7.37
7.141
7.1090
7.2048
7.77
7.50
7.1448
7.503
7.3711
7.66
7.58
7.275
7.2698
7.52
7.49
7.501
7.3417
7.5018
7.901
7.5925
8.04
7.80
7.517
7.5120
7.67
7.649
7.5388
7.82
7.7266
7.99
7.9280
8.02
7.906
7.9070
7.98
8.00
7.915
8.01
7.9700
1999/00
8.222
8.1426
8.52
8.31