Georgian Lari
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1 GEL = 0.571 AUD
1 AUD = 1.752 GEL
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1 GEL = 481.427 ARS
1 ARS = 0.002 GEL
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1 GEL = 1100.853 BIF
1 BIF = 0.001 GEL
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1 GEL = 0.139 BHD
1 BHD = 7.173 GEL
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1 GEL = 2.564 BOB
1 BOB = 0.390 GEL
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1 GEL = 0.630 AZN
1 AZN = 1.586 GEL
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1 GEL = 32.509 BTN
1 BTN = 0.031 GEL
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1 GEL = 187.426 CRC
1 CRC = 0.005 GEL
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1 GEL = 7.796 CZK
1 CZK = 0.128 GEL
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1 GEL = 2.662 CNY
1 CNY = 0.376 GEL
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1 GEL = 2.376 DKK
1 DKK = 0.421 GEL
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1 GEL = 52.060 ETB
1 ETB = 0.019 GEL
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1 GEL = 3217.476 GNF
1 GNF = 0.000 GEL
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1 GEL = 2.398 HRK
1 HRK = 0.417 GEL
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1 GEL = 5997.219 IDR
1 IDR = 0.000 GEL
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1 GEL = 59.405 JMD
1 JMD = 0.017 GEL
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1 GEL = 32.397 KGS
1 KGS = 0.031 GEL
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1 GEL = 0.622 BAM
1 BAM = 1.607 GEL
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1 GEL = 0.669 ANG
1 ANG = 1.496 GEL
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1 GEL = 5.170 BWP
1 BWP = 0.193 GEL
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1 GEL = 0.476 BND
1 BND = 2.100 GEL
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1 GEL = 1080.314 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 = 12365.827 BYR
1 BYR = 0.000 GEL
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1 GEL = 0.622 BGN
1 BGN = 1.607 GEL
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1 GEL = 0.512 CAD
1 CAD = 1.952 GEL
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1 GEL = 48.140 DZD
1 DZD = 0.021 GEL
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1 GEL = 5.562 ERN
1 ERN = 0.180 GEL
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1 GEL = 17.909 EGP
1 EGP = 0.056 GEL
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1 GEL = 0.838 FJD
1 FJD = 1.193 GEL
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1 GEL = 0.274 GBP
1 GBP = 3.649 GEL
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1 GEL = 0.274 FKP
1 FKP = 3.649 GEL
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1 GEL = 2.844 GTQ
1 GTQ = 0.352 GEL
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1 GEL = 2.905 HKD
1 HKD = 0.344 GEL
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1 GEL = 125.822 HUF
1 HUF = 0.008 GEL
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1 GEL = 485.925 IQD
1 IQD = 0.002 GEL
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1 GEL = 15619.526 IRR
1 IRR = 0.000 GEL
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1 GEL = 156.576 KMF
1 KMF = 0.006 GEL
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1 GEL = 515.014 KRW
1 KRW = 0.002 GEL
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1 GEL = 30.923 ALL
1 ALL = 0.032 GEL
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1 GEL = 45.063 BDT
1 BDT = 0.022 GEL
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1 GEL = 0.664 AWG
1 AWG = 1.507 GEL
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1 GEL = 2.007 BRL
1 BRL = 0.498 GEL
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1 GEL = 0.001 BCH
1 BCH = 1592.031 GEL
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1 GEL = 0.000 BTC
1 BTC = 337112.500 GEL
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1 GEL = 1.362 AED
1 AED = 0.734 GEL
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1 GEL = 340.339 AOA
1 AOA = 0.003 GEL
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1 GEL = 0.371 BSD
1 BSD = 2.697 GEL
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1 GEL = 358.319 CLP
1 CLP = 0.003 GEL
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1 GEL = 1.237 BYN
1 BYN = 0.809 GEL
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1 GEL = 1503.215 COP
1 COP = 0.001 GEL
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1 GEL = 8.894 CUP
1 CUP = 0.112 GEL
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1 GEL = 0.000 ETH
1 ETH = 12203.167 GEL
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1 GEL = 0.318 EUR
1 EUR = 3.142 GEL
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1 GEL = 9.726 HNL
1 HNL = 0.103 GEL
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1 GEL = 26.962 GMD
1 GMD = 0.037 GEL
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1 GEL = 0.274 GIP
1 GIP = 3.649 GEL
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1 GEL = 48.585 HTG
1 HTG = 0.021 GEL
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1 GEL = 0.263 JOD
1 JOD = 3.804 GEL
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1 GEL = 54.800 JPY
1 JPY = 0.018 GEL
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1 GEL = 25.318 AFN
1 AFN = 0.039 GEL
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1 GEL = 0.742 BBD
1 BBD = 1.348 GEL
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1 GEL = 0.371 BMD
1 BMD = 2.697 GEL
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1 GEL = 141.781 AMD
1 AMD = 0.007 GEL
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1 GEL = 0.299 CHF
1 CHF = 3.339 GEL
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1 GEL = 66.046 DJF
1 DJF = 0.015 GEL
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1 GEL = 22.839 DOP
1 DOP = 0.044 GEL
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1 GEL = 35.095 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 = 3.972 GHS
1 GHS = 0.252 GEL
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1 GEL = 77.541 GYD
1 GYD = 0.013 GEL
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1 GEL = 1.255 ILS
1 ILS = 0.797 GEL
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1 GEL = 32.509 INR
1 INR = 0.031 GEL
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1 GEL = 45.578 ISK
1 ISK = 0.022 GEL
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1 GEL = 1485.802 KHR
1 KHR = 0.001 GEL
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1 GEL = 47.925 KES
1 KES = 0.021 GEL
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1 GEL = 0.113 KWD
1 KWD = 8.822 GEL
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1 GEL = 199.785 KZT
1 KZT = 0.005 GEL
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1 GEL = 111.650 LKR
1 LKR = 0.009 GEL
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1 GEL = 3.338 MAD
1 MAD = 0.300 GEL
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1 GEL = 778.108 MMK
1 MMK = 0.001 GEL
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1 GEL = 1334.084 MNT
1 MNT = 0.001 GEL
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1 GEL = 16.839 MUR
1 MUR = 0.059 GEL
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1 GEL = 148.096 MRO
1 MRO = 0.007 GEL
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1 GEL = 5.728 MVR
1 MVR = 0.175 GEL
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1 GEL = 643.594 MWK
1 MWK = 0.002 GEL
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1 GEL = 0.626 NZD
1 NZD = 1.597 GEL
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1 GEL = 52.038 NPR
1 NPR = 0.019 GEL
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1 GEL = 21.145 PHP
1 PHP = 0.047 GEL
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1 GEL = 105.098 PKR
1 PKR = 0.010 GEL
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1 GEL = 536.520 RWF
1 RWF = 0.002 GEL
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1 GEL = 0.003 LTC
1 LTC = 326.778 GEL
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1 GEL = 6.972 MXN
1 MXN = 0.143 GEL
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1 GEL = 13.645 NIO
1 NIO = 0.073 GEL
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1 GEL = 1.611 RON
1 RON = 0.621 GEL
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1 GEL = 333.716 KPW
1 KPW = 0.003 GEL
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1 GEL = 0.307 KYD
1 KYD = 3.252 GEL
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1 GEL = 33237.198 LBP
1 LBP = 0.000 GEL
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1 GEL = 2.013 LYD
1 LYD = 0.497 GEL
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1 GEL = 8016.352 LAK
1 LAK = 0.000 GEL
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1 GEL = 1645.074 MGA
1 MGA = 0.001 GEL
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1 GEL = 74.359 LRD
1 LRD = 0.013 GEL
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1 GEL = 19.576 MKD
1 MKD = 0.051 GEL
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1 GEL = 6.530 LSL
1 LSL = 0.153 GEL
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1 GEL = 2.992 MOP
1 MOP = 0.334 GEL
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1 GEL = 6.198 MDL
1 MDL = 0.161 GEL
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1 GEL = 6.530 NAD
1 NAD = 0.153 GEL
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1 GEL = 1.562 MYR
1 MYR = 0.640 GEL
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1 GEL = 0.143 OMR
1 OMR = 7.007 GEL
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1 GEL = 568.290 NGN
1 NGN = 0.002 GEL
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1 GEL = 1.539 PGK
1 PGK = 0.650 GEL
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1 GEL = 0.371 PAB
1 PAB = 2.697 GEL
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1 GEL = 1.322 PEN
1 PEN = 0.756 GEL
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1 GEL = 3.791 NOK
1 NOK = 0.264 GEL
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1 GEL = 1.356 PLN
1 PLN = 0.737 GEL
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1 GEL = 2780.444 PYG
1 PYG = 0.000 GEL
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1 GEL = 1.350 QAR
1 QAR = 0.741 GEL
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1 GEL = 3.128 SBD
1 SBD = 0.320 GEL
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1 GEL = 1.390 SAR
1 SAR = 0.719 GEL
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1 GEL = 0.476 SGD
1 SGD = 2.100 GEL
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1 GEL = 8422.559 SLL
1 SLL = 0.000 GEL
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1 GEL = 12.038 THB
1 THB = 0.083 GEL
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1 GEL = 11.155 TWD
1 TWD = 0.090 GEL
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1 GEL = 15.377 UAH
1 UAH = 0.065 GEL
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1 GEL = 1319.311 UGX
1 UGX = 0.001 GEL
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1 GEL = 13.951 SRD
1 SRD = 0.072 GEL
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1 GEL = 7891.431 STD
1 STD = 0.000 GEL
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1 GEL = 15.149 TRY
1 TRY = 0.066 GEL
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1 GEL = 2.517 TTD
1 TTD = 0.397 GEL
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1 GEL = 0.891 TOP
1 TOP = 1.122 GEL
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1 GEL = 4670.956 UZS
1 UZS = 0.000 GEL
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1 GEL = 89.095 YER
1 YER = 0.011 GEL
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1 GEL = 6.530 ZAR
1 ZAR = 0.153 GEL
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1 GEL = 37.291 RSD
1 RSD = 0.027 GEL
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1 GEL = 29.571 RUB
1 RUB = 0.034 GEL
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1 GEL = 211.891 SOS
1 SOS = 0.005 GEL
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1 GEL = 3.244 SVC
1 SVC = 0.308 GEL
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1 GEL = 4821.091 SYP
1 SYP = 0.000 GEL
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1 GEL = 6.530 SZL
1 SZL = 0.153 GEL
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1 GEL = 1.068 TND
1 TND = 0.936 GEL
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1 GEL = 14.833 UYU
1 UYU = 0.067 GEL
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1 GEL = 9741.889 VND
1 VND = 0.000 GEL
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1 GEL = 44.199 VUV
1 VUV = 0.023 GEL
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1 GEL = 1.025 WST
1 WST = 0.976 GEL
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1 GEL = 208.769 XAF
1 XAF = 0.005 GEL
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1 GEL = 1.004 XCD
1 XCD = 0.996 GEL
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1 GEL = 5.364 SCR
1 SCR = 0.186 GEL
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1 GEL = 3.552 SEK
1 SEK = 0.282 GEL
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1 GEL = 0.274 SHP
1 SHP = 3.649 GEL
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1 GEL = 965.008 TZS
1 TZS = 0.001 GEL
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1 GEL = 0.371 USD
1 USD = 2.697 GEL
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1 GEL = 37.981 XPF
1 XPF = 0.026 GEL
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1 GEL = 208.769 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.