How to send money to Ethiopia from Spain with the best EUR-ETB rate

The locutorio on the corner has been sending money home for decades, and for families who need to collect cash the same day, this is the best way.

Pay MoneyGram the €1,700 by card or transferencia, and they can collect cash in Ethiopia.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

Cash transfers are faster than online methods, but usually more expensive, so compare your options.

For medium sized or one-off transfers to Ethiopia, an online money transfer service funded from your bank account is better than any bank.

Xe turns €1,700 into 330,610.56 ETB with a €68 fee and -11.3% markup.

In our comparisons over the past month, it was the cheapest online service on 15 of the 30 days it quoted.

Currency brokers are best for sending €10,000+ to Ethiopia. This can be things like selling property, moving a pension, moving back home, etc…

Xe charges no fee and works on a margin, with a person on the phone, and offices in Spain if you'd rather sit down with someone.

Our analysis shows Xe was the cheapest broker in 100% of the transfers from €5,000 it quoted.

If you often receive ETB (things like pensions, payments, salary, dividends, etc…), this is the best way to do it.

Because a multi-currency account gives you account details to receive ETB like a local and you can exchange it to EUR at any time.

The best multi-currency account in Spain with ETB support is offered by Wise.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

For example, converting €1,700 gets you 302,132.61 ETB.

Companies like Wise Business, Payoneer, or Airwallex are best suited for businesses in Spain making payments to Ethiopia.

You can pay suppliers and freelancers, process invoices, make batch payments, and much more.