Georgian Lari
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1 GEL = 0.571 AUD
1 AUD = 1.750 GEL
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1 GEL = 384.101 ARS
1 ARS = 0.003 GEL
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1 GEL = 1068.937 BIF
1 BIF = 0.001 GEL
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1 GEL = 0.136 BHD
1 BHD = 7.362 GEL
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1 GEL = 2.493 BOB
1 BOB = 0.401 GEL
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1 GEL = 0.613 AZN
1 AZN = 1.632 GEL
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1 GEL = 31.466 BTN
1 BTN = 0.032 GEL
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1 GEL = 180.396 CRC
1 CRC = 0.006 GEL
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1 GEL = 8.285 CZK
1 CZK = 0.121 GEL
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1 GEL = 2.609 CNY
1 CNY = 0.383 GEL
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1 GEL = 2.470 DKK
1 DKK = 0.405 GEL
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1 GEL = 47.308 ETB
1 ETB = 0.021 GEL
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1 GEL = 3119.384 GNF
1 GNF = 0.000 GEL
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1 GEL = 2.495 HRK
1 HRK = 0.401 GEL
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1 GEL = 5916.577 IDR
1 IDR = 0.000 GEL
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1 GEL = 56.681 JMD
1 JMD = 0.018 GEL
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1 GEL = 31.514 KGS
1 KGS = 0.032 GEL
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1 GEL = 0.647 BAM
1 BAM = 1.545 GEL
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1 GEL = 0.650 ANG
1 ANG = 1.538 GEL
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1 GEL = 4.945 BWP
1 BWP = 0.202 GEL
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1 GEL = 0.481 BND
1 BND = 2.078 GEL
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1 GEL = 1033.196 CDF
1 CDF = 0.001 GEL
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1 GEL = 0.725 BZD
1 BZD = 1.380 GEL
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1 GEL = 11783.784 BYR
1 BYR = 0.000 GEL
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1 GEL = 0.647 BGN
1 BGN = 1.545 GEL
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1 GEL = 0.519 CAD
1 CAD = 1.928 GEL
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1 GEL = 48.007 DZD
1 DZD = 0.021 GEL
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1 GEL = 5.405 ERN
1 ERN = 0.185 GEL
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1 GEL = 18.256 EGP
1 EGP = 0.055 GEL
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1 GEL = 0.827 FJD
1 FJD = 1.210 GEL
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1 GEL = 0.278 GBP
1 GBP = 3.596 GEL
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1 GEL = 0.278 FKP
1 FKP = 3.596 GEL
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1 GEL = 2.782 GTQ
1 GTQ = 0.360 GEL
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1 GEL = 2.801 HKD
1 HKD = 0.357 GEL
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1 GEL = 132.159 HUF
1 HUF = 0.008 GEL
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1 GEL = 472.584 IQD
1 IQD = 0.002 GEL
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1 GEL = 15171.171 IRR
1 IRR = 0.000 GEL
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1 GEL = 162.829 KMF
1 KMF = 0.006 GEL
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1 GEL = 523.805 KRW
1 KRW = 0.002 GEL
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1 GEL = 32.959 ALL
1 ALL = 0.030 GEL
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1 GEL = 43.834 BDT
1 BDT = 0.023 GEL
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1 GEL = 0.649 AWG
1 AWG = 1.542 GEL
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1 GEL = 2.090 BRL
1 BRL = 0.479 GEL
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1 GEL = 0.001 BCH
1 BCH = 937.183 GEL
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1 GEL = 0.000 BTC
1 BTC = 231250.000 GEL
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1 GEL = 1.324 AED
1 AED = 0.756 GEL
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1 GEL = 329.250 AOA
1 AOA = 0.003 GEL
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1 GEL = 0.360 BSD
1 BSD = 2.775 GEL
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1 GEL = 338.411 CLP
1 CLP = 0.003 GEL
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1 GEL = 1.181 BYN
1 BYN = 0.847 GEL
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1 GEL = 1490.847 COP
1 COP = 0.001 GEL
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1 GEL = 9.279 CUP
1 CUP = 0.108 GEL
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1 GEL = 0.000 ETH
1 ETH = 5186.916 GEL
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1 GEL = 0.331 EUR
1 EUR = 3.021 GEL
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1 GEL = 9.226 HNL
1 HNL = 0.108 GEL
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1 GEL = 25.946 GMD
1 GMD = 0.039 GEL
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1 GEL = 0.278 GIP
1 GIP = 3.596 GEL
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1 GEL = 47.315 HTG
1 HTG = 0.021 GEL
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1 GEL = 0.256 JOD
1 JOD = 3.912 GEL
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1 GEL = 53.232 JPY
1 JPY = 0.019 GEL
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1 GEL = 25.538 AFN
1 AFN = 0.039 GEL
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1 GEL = 0.721 BBD
1 BBD = 1.388 GEL
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1 GEL = 0.360 BMD
1 BMD = 2.775 GEL
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1 GEL = 141.611 AMD
1 AMD = 0.007 GEL
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1 GEL = 0.318 CHF
1 CHF = 3.148 GEL
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1 GEL = 64.241 DJF
1 DJF = 0.016 GEL
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1 GEL = 22.626 DOP
1 DOP = 0.044 GEL
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1 GEL = 36.490 CVE
1 CVE = 0.027 GEL
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1 GEL = 1.000 GEL
1 GEL = 1.000 GEL
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1 GEL = 5.592 GHS
1 GHS = 0.179 GEL
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1 GEL = 75.477 GYD
1 GYD = 0.013 GEL
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1 GEL = 1.312 ILS
1 ILS = 0.762 GEL
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1 GEL = 31.372 INR
1 INR = 0.032 GEL
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1 GEL = 48.501 ISK
1 ISK = 0.021 GEL
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1 GEL = 1445.874 KHR
1 KHR = 0.001 GEL
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1 GEL = 46.613 KES
1 KES = 0.021 GEL
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1 GEL = 0.111 KWD
1 KWD = 9.009 GEL
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1 GEL = 177.323 KZT
1 KZT = 0.006 GEL
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1 GEL = 106.566 LKR
1 LKR = 0.009 GEL
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1 GEL = 3.494 MAD
1 MAD = 0.286 GEL
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1 GEL = 756.036 MMK
1 MMK = 0.001 GEL
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1 GEL = 1224.505 MNT
1 MNT = 0.001 GEL
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1 GEL = 16.234 MUR
1 MUR = 0.062 GEL
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1 GEL = 143.708 MRO
1 MRO = 0.007 GEL
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1 GEL = 5.553 MVR
1 MVR = 0.180 GEL
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1 GEL = 625.542 MWK
1 MWK = 0.002 GEL
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1 GEL = 0.630 NZD
1 NZD = 1.588 GEL
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1 GEL = 50.346 NPR
1 NPR = 0.020 GEL
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1 GEL = 20.641 PHP
1 PHP = 0.048 GEL
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1 GEL = 101.031 PKR
1 PKR = 0.010 GEL
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1 GEL = 513.550 RWF
1 RWF = 0.002 GEL
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1 GEL = 0.004 LTC
1 LTC = 247.613 GEL
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1 GEL = 7.276 MXN
1 MXN = 0.137 GEL
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1 GEL = 13.277 NIO
1 NIO = 0.075 GEL
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1 GEL = 1.648 RON
1 RON = 0.607 GEL
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1 GEL = 324.324 KPW
1 KPW = 0.003 GEL
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1 GEL = 0.301 KYD
1 KYD = 3.326 GEL
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1 GEL = 32328.793 LBP
1 LBP = 0.000 GEL
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1 GEL = 1.736 LYD
1 LYD = 0.576 GEL
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1 GEL = 7811.099 LAK
1 LAK = 0.000 GEL
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1 GEL = 1681.499 MGA
1 MGA = 0.001 GEL
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1 GEL = 72.151 LRD
1 LRD = 0.014 GEL
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1 GEL = 20.375 MKD
1 MKD = 0.049 GEL
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1 GEL = 6.645 LSL
1 LSL = 0.150 GEL
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1 GEL = 2.887 MOP
1 MOP = 0.346 GEL
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1 GEL = 6.425 MDL
1 MDL = 0.156 GEL
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1 GEL = 6.645 NAD
1 NAD = 0.150 GEL
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1 GEL = 1.597 MYR
1 MYR = 0.626 GEL
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1 GEL = 0.139 OMR
1 OMR = 7.208 GEL
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1 GEL = 553.546 NGN
1 NGN = 0.002 GEL
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1 GEL = 1.452 PGK
1 PGK = 0.689 GEL
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1 GEL = 0.360 PAB
1 PAB = 2.775 GEL
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1 GEL = 1.322 PEN
1 PEN = 0.757 GEL
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1 GEL = 3.832 NOK
1 NOK = 0.261 GEL
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1 GEL = 1.388 PLN
1 PLN = 0.721 GEL
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1 GEL = 2860.977 PYG
1 PYG = 0.000 GEL
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1 GEL = 1.314 QAR
1 QAR = 0.761 GEL
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1 GEL = 3.031 SBD
1 SBD = 0.330 GEL
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1 GEL = 1.352 SAR
1 SAR = 0.740 GEL
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1 GEL = 0.480 SGD
1 SGD = 2.082 GEL
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1 GEL = 7556.577 SLL
1 SLL = 0.000 GEL
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1 GEL = 12.178 THB
1 THB = 0.082 GEL
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1 GEL = 11.878 TWD
1 TWD = 0.084 GEL
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1 GEL = 14.988 UAH
1 UAH = 0.067 GEL
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1 GEL = 1322.768 UGX
1 UGX = 0.001 GEL
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1 GEL = 13.034 SRD
1 SRD = 0.077 GEL
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1 GEL = 8029.477 STD
1 STD = 0.000 GEL
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1 GEL = 13.185 TRY
1 TRY = 0.076 GEL
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1 GEL = 2.449 TTD
1 TTD = 0.408 GEL
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1 GEL = 0.868 TOP
1 TOP = 1.152 GEL
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1 GEL = 4665.225 UZS
1 UZS = 0.000 GEL
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1 GEL = 88.919 YER
1 YER = 0.011 GEL
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1 GEL = 6.617 ZAR
1 ZAR = 0.151 GEL
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1 GEL = 38.764 RSD
1 RSD = 0.026 GEL
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1 GEL = 31.406 RUB
1 RUB = 0.032 GEL
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1 GEL = 206.173 SOS
1 SOS = 0.005 GEL
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1 GEL = 3.157 SVC
1 SVC = 0.317 GEL
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1 GEL = 4685.405 SYP
1 SYP = 0.000 GEL
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1 GEL = 6.647 SZL
1 SZL = 0.150 GEL
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1 GEL = 1.111 TND
1 TND = 0.900 GEL
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1 GEL = 15.288 UYU
1 UYU = 0.065 GEL
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1 GEL = 9180.000 VND
1 VND = 0.000 GEL
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1 GEL = 42.782 VUV
1 VUV = 0.023 GEL
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1 GEL = 1.009 WST
1 WST = 0.991 GEL
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1 GEL = 217.157 XAF
1 XAF = 0.005 GEL
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1 GEL = 0.974 XCD
1 XCD = 1.027 GEL
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1 GEL = 5.305 SCR
1 SCR = 0.189 GEL
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1 GEL = 3.637 SEK
1 SEK = 0.275 GEL
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1 GEL = 0.278 SHP
1 SHP = 3.596 GEL
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1 GEL = 953.153 TZS
1 TZS = 0.001 GEL
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1 GEL = 0.360 USD
1 USD = 2.775 GEL
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1 GEL = 39.506 XPF
1 XPF = 0.025 GEL
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1 GEL = 217.157 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.