Currency exchange rate Ethiopian Birr against the Melon. Chart, history price and prediction on tomorrow, next month, 2024 year
On this page, you can always find detailed information about the Ethiopian Birr currency exchange rate against the Melon currency:
currency exchange rate history, background information, prediction and more about ETB/MLN
Chart of History of changes in the ETB/MLN exchange rate
ETB/MLN exchange rate on today
05 26, 2024
1 ETB = 0.00081025 MLN
▼ -0.95 %
This page provides information about the currency pair Ethiopian Birr/Melon, and more precisely about how much 1 Ethiopian Birr costs in Melon.
Data on the currency pair ETB/MLN are presented by the world's leading exchanges and Central banks of the countries that issue these currencies. We constantly update this data so that you get only the most up-to-date information about the currency pair ETB/MLN and make a balanced decision about buying and selling the currency you are interested in.
The page also provides information about the dynamics of the exchange rate of Ethiopian Birr/Melon, statistics and prediction of the exchange rate of these currencies in the near future from our experts.
How to make a forecast for currencies and cryptocurrencies?
There are several approaches to forecasting the exchange rate of currencies and cryptocurrencies:
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Fundamental analysis: This approach involves analyzing economic and financial data to determine the intrinsic value of a currency or cryptocurrency. This can include factors such as interest rates, inflation rates, economic growth, political stability, and fiscal policy. Based on this analysis, investors can make predictions about the future exchange rate.
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Technical analysis: This approach involves analyzing past market data, such as price and volume, to identify patterns and trends that can be used to predict future market movements. Technical analysis can be used to identify support and resistance levels, momentum indicators, and other factors that can influence the exchange rate.
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Sentiment analysis: This approach involves analyzing market sentiment and investor behavior to predict future market movements. Sentiment analysis can include monitoring social media, news articles, and other sources of market sentiment to gauge investor sentiment and predict market movements.
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Machine learning: This approach involves using statistical models and machine learning algorithms to analyze vast amounts of market data and make predictions about future market movements. Machine learning can be used to identify patterns and relationships in market data that might not be visible to the human eye.
In summary, there are several approaches to forecasting the exchange rate of currencies and cryptocurrencies, including fundamental analysis, technical analysis, sentiment analysis, and machine learning. Each approach has its strengths and weaknesses, and investors may use a combination of approaches to make more accurate predictions about future market movements.
Change in the ETB/MLN exchange rate over the past 30 days
For the last 30 days (04 27, 2024 — 05 26, 2024) the Ethiopian Birr exchange rate against the Melon currency changed by -0.28% (0.00081252 MLN — 0.00081025 MLN)
Change in the ETB/MLN exchange rate over the past 90 days
For the last 90 days (02 27, 2024 — 05 26, 2024) the Ethiopian Birr exchange rate against the Melon currency changed by -10.35% (0.00090381 MLN — 0.00081025 MLN)
Change in the ETB/MLN exchange rate over the past 365 days
For the last 365 days (05 28, 2023 — 05 26, 2024) the Ethiopian Birr exchange rate against the Melon currency changed by -18.5% (0.00099415 MLN — 0.00081025 MLN)
Change in the ETB/MLN exchange rate for all time
For all the time our site has been running (04 10, 2020 — 05 26, 2024) the Ethiopian Birr exchange rate against the Melon currency changed by -92.38% (0.010634 MLN — 0.00081025 MLN)
Ethiopian Birr/Melon price prediction
Ethiopian Birr/Melon price prediction for the next 30 days*
27/05 | 0.00082645 MLN | ▲ 2 % |
28/05 | 0.00082097 MLN | ▼ -0.66 % |
29/05 | 0.00083444 MLN | ▲ 1.64 % |
30/05 | 0.00087248 MLN | ▲ 4.56 % |
31/05 | 0.00088665 MLN | ▲ 1.62 % |
01/06 | 0.00086461 MLN | ▼ -2.49 % |
02/06 | 0.00082588 MLN | ▼ -4.48 % |
03/06 | 0.00079837 MLN | ▼ -3.33 % |
04/06 | 0.00079008 MLN | ▼ -1.04 % |
05/06 | 0.00076678 MLN | ▼ -2.95 % |
06/06 | 0.00076882 MLN | ▲ 0.27 % |
07/06 | 0.0007943 MLN | ▲ 3.31 % |
08/06 | 0.00080234 MLN | ▲ 1.01 % |
09/06 | 0.00079595 MLN | ▼ -0.8 % |
10/06 | 0.00081029 MLN | ▲ 1.8 % |
11/06 | 0.00084503 MLN | ▲ 4.29 % |
12/06 | 0.00086537 MLN | ▲ 2.41 % |
13/06 | 0.00087894 MLN | ▲ 1.57 % |
14/06 | 0.00087355 MLN | ▼ -0.61 % |
15/06 | 0.00082333 MLN | ▼ -5.75 % |
16/06 | 0.0008034 MLN | ▼ -2.42 % |
17/06 | 0.00081895 MLN | ▲ 1.94 % |
18/06 | 0.00086316 MLN | ▲ 5.4 % |
19/06 | 0.00084906 MLN | ▼ -1.63 % |
20/06 | 0.00083104 MLN | ▼ -2.12 % |
21/06 | 0.00081929 MLN | ▼ -1.41 % |
22/06 | 0.00085408 MLN | ▲ 4.25 % |
23/06 | 0.00086864 MLN | ▲ 1.7 % |
24/06 | 0.00084937 MLN | ▼ -2.22 % |
25/06 | 0.00083189 MLN | ▼ -2.06 % |
* — Price prediction of the Ethiopian Birr/Melon currency pair are compiled by our specialists based on statistical data, global trends and major business news. Price prediction for 30 days, 3 months, and a year are made by different experts and may have slight differences.
Ethiopian Birr/Melon price prediction for the next 3 months*
27/05 — 02/06 | 0.00081214 MLN | ▲ 0.23 % |
03/06 — 09/06 | 0.00086705 MLN | ▲ 6.76 % |
10/06 — 16/06 | 0.00071737 MLN | ▼ -17.26 % |
17/06 — 23/06 | 0.00069927 MLN | ▼ -2.52 % |
24/06 — 30/06 | 0.00072136 MLN | ▲ 3.16 % |
01/07 — 07/07 | 0.00090712 MLN | ▲ 25.75 % |
08/07 — 14/07 | 0.00078699 MLN | ▼ -13.24 % |
15/07 — 21/07 | 0.00089263 MLN | ▲ 13.42 % |
22/07 — 28/07 | 0.00083114 MLN | ▼ -6.89 % |
29/07 — 04/08 | 0.00091728 MLN | ▲ 10.36 % |
05/08 — 11/08 | 0.00090997 MLN | ▼ -0.8 % |
12/08 — 18/08 | 0.00088061 MLN | ▼ -3.23 % |
Ethiopian Birr/Melon price prediction for the next year*
06/2024 | 0.00081207 MLN | ▲ 0.22 % |
07/2024 | 0.00072745 MLN | ▼ -10.42 % |
08/2024 | 0.0008859 MLN | ▲ 21.78 % |
09/2024 | 0.00083348 MLN | ▼ -5.92 % |
10/2024 | 0.00080495 MLN | ▼ -3.42 % |
11/2024 | 0.00084508 MLN | ▲ 4.99 % |
12/2024 | 0.0005217 MLN | ▼ -38.27 % |
01/2025 | 0.00064995 MLN | ▲ 24.58 % |
02/2025 | 0.00053848 MLN | ▼ -17.15 % |
03/2025 | 0.00036163 MLN | ▼ -32.84 % |
04/2025 | 0.00050296 MLN | ▲ 39.08 % |
05/2025 | 0.00046979 MLN | ▼ -6.59 % |
Ethiopian Birr/Melon exchange rate statistics
For 30 days | |
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Minimum | 0.00076937 MLN |
Maximum | 0.0008532 MLN |
Weighted Average | 0.00082018 MLN |
For 90 days | |
Minimum | 0.00066031 MLN |
Maximum | 0.00088328 MLN |
Weighted Average | 0.00077374 MLN |
For 365 days | |
Minimum | 0.00066031 MLN |
Maximum | 0.00136055 MLN |
Weighted Average | 0.00100366 MLN |
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