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ADDIS ABABA, Ethiopia — The National Bank of Ethiopia (NBE) has concluded its 15th Foreign Exchange Auction with the highest bid recorded reached 155.00 Birr/USD, while the lowest bid stood at 153.00 Birr/USD.
The auction saw robust engagement from the financial sector, with 21 commercial banks submitting bids totaling USD 94.7 million. Out of these, 15 banks emerged as successful participants, fully exhausting the $70 million allotted for this session.
NBE FX Auction Data Breakdown
| Metric | Value |
| Allotted Amount | USD 70 Million |
| Total Bid Amount | USD 94.7 Million |
| Weighted Average Rate (Successful Bids) | 154.9207 Birr/USD |
| Margin Rate (Call Cut-off Rate) | 154.78 Birr/USD |
| Number of Participants | 21 Banks |
| Successful Participants | 15 Banks |
The weighted average rate of 154.9207 Birr/USD signals a continued alignment between official bank rates and broader economic indicators. By maintaining a margin rate (call cut-off) of 154.78, the NBE is ensuring that the currency reflects real-time supply and demand dynamics while preventing erratic fluctuations.
According to the NBE’s published schedule, the next foreign exchange auction is set to take place in two weeks’ time.