When receiving funds through PayPal, the exchange rate applied to convert foreign currency into Ethiopian Birr (ETB) is based on the buying price of major banks in Ethiopia.

How Is the Exchange Rate Determined?

Chapa calculates the exchange rate using an average of the buying prices from multiple Ethiopian banks. This ensures that you receive a fair and competitive rate when converting foreign currency into ETB. The process is as follows:

1. We gather exchange rate data from leading banks in Ethiopia.

2. We calculate the average buying price from these banks.

3. This average buying rate is then applied to PayPal transactions when the funds are settled into your account.