Georgian Lari
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1 GEL = 0.569 AUD
1 AUD = 1.758 GEL
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1 GEL = 505.204 ARS
1 ARS = 0.002 GEL
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1 GEL = 1103.919 BIF
1 BIF = 0.001 GEL
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1 GEL = 0.140 BHD
1 BHD = 7.166 GEL
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1 GEL = 2.561 BOB
1 BOB = 0.390 GEL
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1 GEL = 0.631 AZN
1 AZN = 1.585 GEL
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1 GEL = 32.706 BTN
1 BTN = 0.031 GEL
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1 GEL = 187.555 CRC
1 CRC = 0.005 GEL
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1 GEL = 7.787 CZK
1 CZK = 0.128 GEL
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1 GEL = 2.649 CNY
1 CNY = 0.377 GEL
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1 GEL = 2.377 DKK
1 DKK = 0.421 GEL
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1 GEL = 52.964 ETB
1 ETB = 0.019 GEL
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1 GEL = 3217.652 GNF
1 GNF = 0.000 GEL
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1 GEL = 2.400 HRK
1 HRK = 0.417 GEL
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1 GEL = 6097.354 IDR
1 IDR = 0.000 GEL
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1 GEL = 59.266 JMD
1 JMD = 0.017 GEL
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1 GEL = 32.439 KGS
1 KGS = 0.031 GEL
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1 GEL = 0.623 BAM
1 BAM = 1.605 GEL
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1 GEL = 0.668 ANG
1 ANG = 1.497 GEL
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1 GEL = 5.038 BWP
1 BWP = 0.198 GEL
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1 GEL = 0.478 BND
1 BND = 2.090 GEL
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1 GEL = 1079.130 CDF
1 CDF = 0.001 GEL
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1 GEL = 0.747 BZD
1 BZD = 1.339 GEL
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1 GEL = 12526.445 BYR
1 BYR = 0.000 GEL
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1 GEL = 0.623 BGN
1 BGN = 1.605 GEL
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1 GEL = 0.513 CAD
1 CAD = 1.951 GEL
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1 GEL = 48.209 DZD
1 DZD = 0.021 GEL
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1 GEL = 5.567 ERN
1 ERN = 0.180 GEL
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1 GEL = 18.022 EGP
1 EGP = 0.055 GEL
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1 GEL = 0.843 FJD
1 FJD = 1.186 GEL
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1 GEL = 0.276 GBP
1 GBP = 3.622 GEL
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1 GEL = 0.276 FKP
1 FKP = 3.622 GEL
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1 GEL = 2.845 GTQ
1 GTQ = 0.351 GEL
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1 GEL = 2.894 HKD
1 HKD = 0.346 GEL
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1 GEL = 125.513 HUF
1 HUF = 0.008 GEL
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1 GEL = 486.212 IQD
1 IQD = 0.002 GEL
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1 GEL = 15626.174 IRR
1 IRR = 0.000 GEL
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1 GEL = 156.686 KMF
1 KMF = 0.006 GEL
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1 GEL = 517.062 KRW
1 KRW = 0.002 GEL
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1 GEL = 30.987 ALL
1 ALL = 0.032 GEL
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1 GEL = 45.140 BDT
1 BDT = 0.022 GEL
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1 GEL = 0.664 AWG
1 AWG = 1.505 GEL
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1 GEL = 2.025 BRL
1 BRL = 0.494 GEL
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1 GEL = 0.001 BCH
1 BCH = 1579.308 GEL
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1 GEL = 0.000 BTC
1 BTC = 299366.667 GEL
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1 GEL = 1.363 AED
1 AED = 0.734 GEL
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1 GEL = 341.855 AOA
1 AOA = 0.003 GEL
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1 GEL = 0.371 BSD
1 BSD = 2.694 GEL
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1 GEL = 359.429 CLP
1 CLP = 0.003 GEL
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1 GEL = 1.253 BYN
1 BYN = 0.798 GEL
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1 GEL = 1486.200 COP
1 COP = 0.001 GEL
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1 GEL = 8.898 CUP
1 CUP = 0.112 GEL
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1 GEL = 0.000 ETH
1 ETH = 11869.163 GEL
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1 GEL = 0.318 EUR
1 EUR = 3.140 GEL
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1 GEL = 9.729 HNL
1 HNL = 0.103 GEL
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1 GEL = 26.710 GMD
1 GMD = 0.037 GEL
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1 GEL = 0.276 GIP
1 GIP = 3.622 GEL
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1 GEL = 48.502 HTG
1 HTG = 0.021 GEL
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1 GEL = 0.263 JOD
1 JOD = 3.800 GEL
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1 GEL = 55.068 JPY
1 JPY = 0.018 GEL
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1 GEL = 25.371 AFN
1 AFN = 0.039 GEL
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1 GEL = 0.742 BBD
1 BBD = 1.347 GEL
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1 GEL = 0.371 BMD
1 BMD = 2.694 GEL
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1 GEL = 141.354 AMD
1 AMD = 0.007 GEL
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1 GEL = 0.299 CHF
1 CHF = 3.347 GEL
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1 GEL = 66.062 DJF
1 DJF = 0.015 GEL
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1 GEL = 23.493 DOP
1 DOP = 0.043 GEL
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1 GEL = 35.120 CVE
1 CVE = 0.028 GEL
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1 GEL = 1.000 GEL
1 GEL = 1.000 GEL
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1 GEL = 4.451 GHS
1 GHS = 0.225 GEL
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1 GEL = 77.545 GYD
1 GYD = 0.013 GEL
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1 GEL = 1.249 ILS
1 ILS = 0.801 GEL
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1 GEL = 32.706 INR
1 INR = 0.031 GEL
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1 GEL = 45.737 ISK
1 ISK = 0.022 GEL
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1 GEL = 1486.145 KHR
1 KHR = 0.001 GEL
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1 GEL = 47.964 KES
1 KES = 0.021 GEL
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1 GEL = 0.114 KWD
1 KWD = 8.810 GEL
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1 GEL = 200.520 KZT
1 KZT = 0.005 GEL
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1 GEL = 112.037 LKR
1 LKR = 0.009 GEL
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1 GEL = 3.376 MAD
1 MAD = 0.296 GEL
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1 GEL = 779.204 MMK
1 MMK = 0.001 GEL
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1 GEL = 1334.885 MNT
1 MNT = 0.001 GEL
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1 GEL = 17.116 MUR
1 MUR = 0.058 GEL
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1 GEL = 148.239 MRO
1 MRO = 0.007 GEL
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1 GEL = 5.732 MVR
1 MVR = 0.174 GEL
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1 GEL = 644.620 MWK
1 MWK = 0.002 GEL
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1 GEL = 0.633 NZD
1 NZD = 1.580 GEL
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1 GEL = 52.355 NPR
1 NPR = 0.019 GEL
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1 GEL = 21.188 PHP
1 PHP = 0.047 GEL
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1 GEL = 104.877 PKR
1 PKR = 0.010 GEL
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1 GEL = 537.049 RWF
1 RWF = 0.002 GEL
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1 GEL = 0.003 LTC
1 LTC = 300.636 GEL
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1 GEL = 6.957 MXN
1 MXN = 0.144 GEL
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1 GEL = 13.654 NIO
1 NIO = 0.073 GEL
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1 GEL = 1.617 RON
1 RON = 0.618 GEL
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1 GEL = 334.027 KPW
1 KPW = 0.003 GEL
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1 GEL = 0.309 KYD
1 KYD = 3.241 GEL
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1 GEL = 33310.322 LBP
1 LBP = 0.000 GEL
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1 GEL = 2.011 LYD
1 LYD = 0.497 GEL
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1 GEL = 8045.095 LAK
1 LAK = 0.000 GEL
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1 GEL = 1656.297 MGA
1 MGA = 0.001 GEL
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1 GEL = 74.598 LRD
1 LRD = 0.013 GEL
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1 GEL = 19.579 MKD
1 MKD = 0.051 GEL
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1 GEL = 6.592 LSL
1 LSL = 0.152 GEL
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1 GEL = 2.981 MOP
1 MOP = 0.335 GEL
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1 GEL = 6.190 MDL
1 MDL = 0.162 GEL
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1 GEL = 6.592 NAD
1 NAD = 0.152 GEL
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1 GEL = 1.570 MYR
1 MYR = 0.637 GEL
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1 GEL = 0.143 OMR
1 OMR = 7.001 GEL
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1 GEL = 567.082 NGN
1 NGN = 0.002 GEL
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1 GEL = 1.570 PGK
1 PGK = 0.637 GEL
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1 GEL = 0.371 PAB
1 PAB = 2.694 GEL
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1 GEL = 1.311 PEN
1 PEN = 0.763 GEL
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1 GEL = 3.743 NOK
1 NOK = 0.267 GEL
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1 GEL = 1.355 PLN
1 PLN = 0.738 GEL
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1 GEL = 2678.907 PYG
1 PYG = 0.000 GEL
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1 GEL = 1.351 QAR
1 QAR = 0.740 GEL
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1 GEL = 3.155 SBD
1 SBD = 0.317 GEL
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1 GEL = 1.392 SAR
1 SAR = 0.718 GEL
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1 GEL = 0.478 SGD
1 SGD = 2.090 GEL
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1 GEL = 8447.426 SLL
1 SLL = 0.000 GEL
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1 GEL = 11.995 THB
1 THB = 0.083 GEL
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1 GEL = 11.389 TWD
1 TWD = 0.088 GEL
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1 GEL = 15.353 UAH
1 UAH = 0.065 GEL
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1 GEL = 1309.528 UGX
1 UGX = 0.001 GEL
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1 GEL = 14.432 SRD
1 SRD = 0.069 GEL
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1 GEL = 7880.340 STD
1 STD = 0.000 GEL
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1 GEL = 15.278 TRY
1 TRY = 0.065 GEL
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1 GEL = 2.515 TTD
1 TTD = 0.398 GEL
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1 GEL = 0.894 TOP
1 TOP = 1.119 GEL
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1 GEL = 4604.721 UZS
1 UZS = 0.000 GEL
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1 GEL = 89.136 YER
1 YER = 0.011 GEL
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1 GEL = 6.592 ZAR
1 ZAR = 0.152 GEL
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1 GEL = 37.320 RSD
1 RSD = 0.027 GEL
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1 GEL = 30.145 RUB
1 RUB = 0.033 GEL
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1 GEL = 211.918 SOS
1 SOS = 0.005 GEL
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1 GEL = 3.248 SVC
1 SVC = 0.308 GEL
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1 GEL = 4825.706 SYP
1 SYP = 0.000 GEL
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1 GEL = 6.592 SZL
1 SZL = 0.152 GEL
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1 GEL = 1.082 TND
1 TND = 0.924 GEL
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1 GEL = 14.835 UYU
1 UYU = 0.067 GEL
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1 GEL = 9789.593 VND
1 VND = 0.000 GEL
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1 GEL = 44.457 VUV
1 VUV = 0.022 GEL
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1 GEL = 1.027 WST
1 WST = 0.974 GEL
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1 GEL = 208.915 XAF
1 XAF = 0.005 GEL
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1 GEL = 1.005 XCD
1 XCD = 0.995 GEL
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1 GEL = 5.497 SCR
1 SCR = 0.182 GEL
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1 GEL = 3.507 SEK
1 SEK = 0.285 GEL
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1 GEL = 0.276 SHP
1 SHP = 3.622 GEL
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1 GEL = 927.922 TZS
1 TZS = 0.001 GEL
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1 GEL = 0.371 USD
1 USD = 2.694 GEL
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1 GEL = 38.006 XPF
1 XPF = 0.026 GEL
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1 GEL = 208.915 XOF
1 XOF = 0.005 GEL
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Evolution of the GEL Exchange Rate
The Georgian Lari (GEL) exchange rate has experienced various fluctuations since its introduction in 1995. Initially, the GEL was introduced at a rate of 1 USD to 1.29 GEL. However, in the following years, it depreciated significantly, reaching its lowest point in 1999 with an exchange rate of 2.3 GEL to 1 USD. From 2000 to 2002, the GEL remained relatively stable, but it again experienced a depreciation trend from 2003 to 2004, reaching a rate of 2.9 GEL to 1 USD. Since then, the GEL has generally appreciated against the USD, with minor fluctuations over time.
Variations in the GEL Exchange Rate
The GEL exchange rate has been influenced by various factors, including economic and political developments in Georgia. The rate is affected by the country's balance of payments, inflation rates, foreign direct investment, and other macroeconomic indicators. Additionally, external factors such as changes in global commodity prices and geopolitical events can also impact the GEL exchange rate. These variations can lead to short-term fluctuations in the exchange rate.
Significance of GEL in the Global Economy
While the Georgian Lari is not a widely traded currency in the global economy, its stability and exchange rate fluctuations can have implications for the region. Georgia's economy relies heavily on trade, particularly with neighboring countries and the European Union. A stable GEL exchange rate can support trade and investment flows, while excessive volatility can create challenges for businesses and investors operating in Georgia.
Shocks Experienced by GEL and Correlation with Other Currencies
The Georgian Lari has experienced several shocks throughout its history, primarily driven by domestic and external factors. Political instability, conflicts, and economic crises have all influenced the GEL exchange rate. Additionally, fluctuations in global commodity prices, such as oil, can impact the Georgian economy and subsequently affect the GEL exchange rate. The correlation of the GEL with other currencies varies over time and depends on various factors, including economic developments, trade relations, and regional dynamics.