Georgian Lari
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1 GEL = 0.563 AUD
1 AUD = 1.777 GEL
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1 GEL = 472.976 ARS
1 ARS = 0.002 GEL
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1 GEL = 1099.634 BIF
1 BIF = 0.001 GEL
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1 GEL = 0.139 BHD
1 BHD = 7.201 GEL
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1 GEL = 2.551 BOB
1 BOB = 0.392 GEL
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1 GEL = 0.628 AZN
1 AZN = 1.593 GEL
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1 GEL = 31.951 BTN
1 BTN = 0.031 GEL
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1 GEL = 186.571 CRC
1 CRC = 0.005 GEL
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1 GEL = 7.726 CZK
1 CZK = 0.129 GEL
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1 GEL = 2.647 CNY
1 CNY = 0.378 GEL
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1 GEL = 2.348 DKK
1 DKK = 0.426 GEL
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1 GEL = 50.853 ETB
1 ETB = 0.020 GEL
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1 GEL = 3208.413 GNF
1 GNF = 0.000 GEL
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1 GEL = 2.371 HRK
1 HRK = 0.422 GEL
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1 GEL = 6038.927 IDR
1 IDR = 0.000 GEL
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1 GEL = 59.012 JMD
1 JMD = 0.017 GEL
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1 GEL = 32.260 KGS
1 KGS = 0.031 GEL
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1 GEL = 0.615 BAM
1 BAM = 1.625 GEL
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1 GEL = 0.665 ANG
1 ANG = 1.503 GEL
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1 GEL = 5.132 BWP
1 BWP = 0.195 GEL
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1 GEL = 0.473 BND
1 BND = 2.114 GEL
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1 GEL = 1074.934 CDF
1 CDF = 0.001 GEL
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1 GEL = 0.743 BZD
1 BZD = 1.346 GEL
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1 GEL = 12095.583 BYR
1 BYR = 0.000 GEL
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1 GEL = 0.615 BGN
1 BGN = 1.625 GEL
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1 GEL = 0.506 CAD
1 CAD = 1.975 GEL
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1 GEL = 47.828 DZD
1 DZD = 0.021 GEL
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1 GEL = 5.540 ERN
1 ERN = 0.181 GEL
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1 GEL = 18.131 EGP
1 EGP = 0.055 GEL
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1 GEL = 0.828 FJD
1 FJD = 1.207 GEL
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1 GEL = 0.275 GBP
1 GBP = 3.637 GEL
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1 GEL = 0.275 FKP
1 FKP = 3.637 GEL
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1 GEL = 2.834 GTQ
1 GTQ = 0.353 GEL
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1 GEL = 2.899 HKD
1 HKD = 0.345 GEL
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1 GEL = 124.819 HUF
1 HUF = 0.008 GEL
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1 GEL = 483.964 IQD
1 IQD = 0.002 GEL
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1 GEL = 15553.257 IRR
1 IRR = 0.000 GEL
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1 GEL = 154.787 KMF
1 KMF = 0.006 GEL
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1 GEL = 510.618 KRW
1 KRW = 0.002 GEL
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1 GEL = 30.684 ALL
1 ALL = 0.033 GEL
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1 GEL = 45.125 BDT
1 BDT = 0.022 GEL
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1 GEL = 0.661 AWG
1 AWG = 1.513 GEL
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1 GEL = 2.055 BRL
1 BRL = 0.487 GEL
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1 GEL = 0.001 BCH
1 BCH = 1477.141 GEL
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1 GEL = 0.000 BTC
1 BTC = 300844.444 GEL
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1 GEL = 1.356 AED
1 AED = 0.737 GEL
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1 GEL = 340.128 AOA
1 AOA = 0.003 GEL
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1 GEL = 0.369 BSD
1 BSD = 2.708 GEL
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1 GEL = 353.889 CLP
1 CLP = 0.003 GEL
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1 GEL = 1.210 BYN
1 BYN = 0.827 GEL
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1 GEL = 1520.815 COP
1 COP = 0.001 GEL
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1 GEL = 8.862 CUP
1 CUP = 0.113 GEL
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1 GEL = 0.000 ETH
1 ETH = 9917.949 GEL
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1 GEL = 0.315 EUR
1 EUR = 3.178 GEL
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1 GEL = 9.675 HNL
1 HNL = 0.103 GEL
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1 GEL = 26.735 GMD
1 GMD = 0.037 GEL
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1 GEL = 0.275 GIP
1 GIP = 3.637 GEL
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1 GEL = 48.460 HTG
1 HTG = 0.021 GEL
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1 GEL = 0.262 JOD
1 JOD = 3.819 GEL
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1 GEL = 54.543 JPY
1 JPY = 0.018 GEL
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1 GEL = 25.385 AFN
1 AFN = 0.039 GEL
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1 GEL = 0.739 BBD
1 BBD = 1.354 GEL
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1 GEL = 0.369 BMD
1 BMD = 2.708 GEL
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1 GEL = 141.509 AMD
1 AMD = 0.007 GEL
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1 GEL = 0.294 CHF
1 CHF = 3.405 GEL
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1 GEL = 65.741 DJF
1 DJF = 0.015 GEL
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1 GEL = 22.381 DOP
1 DOP = 0.045 GEL
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1 GEL = 34.694 CVE
1 CVE = 0.029 GEL
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1 GEL = 1.000 GEL
1 GEL = 1.000 GEL
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1 GEL = 3.861 GHS
1 GHS = 0.259 GEL
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1 GEL = 77.323 GYD
1 GYD = 0.013 GEL
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1 GEL = 1.238 ILS
1 ILS = 0.807 GEL
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1 GEL = 31.951 INR
1 INR = 0.031 GEL
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1 GEL = 44.744 ISK
1 ISK = 0.022 GEL
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1 GEL = 1483.203 KHR
1 KHR = 0.001 GEL
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1 GEL = 47.714 KES
1 KES = 0.021 GEL
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1 GEL = 0.113 KWD
1 KWD = 8.867 GEL
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1 GEL = 201.304 KZT
1 KZT = 0.005 GEL
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1 GEL = 111.479 LKR
1 LKR = 0.009 GEL
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1 GEL = 3.325 MAD
1 MAD = 0.301 GEL
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1 GEL = 775.181 MMK
1 MMK = 0.001 GEL
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1 GEL = 1326.529 MNT
1 MNT = 0.001 GEL
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1 GEL = 16.767 MUR
1 MUR = 0.060 GEL
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1 GEL = 147.145 MRO
1 MRO = 0.007 GEL
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1 GEL = 5.702 MVR
1 MVR = 0.175 GEL
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1 GEL = 640.578 MWK
1 MWK = 0.002 GEL
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1 GEL = 0.614 NZD
1 NZD = 1.629 GEL
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1 GEL = 51.145 NPR
1 NPR = 0.020 GEL
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1 GEL = 21.098 PHP
1 PHP = 0.047 GEL
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1 GEL = 104.775 PKR
1 PKR = 0.010 GEL
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1 GEL = 533.561 RWF
1 RWF = 0.002 GEL
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1 GEL = 0.003 LTC
1 LTC = 304.088 GEL
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1 GEL = 6.851 MXN
1 MXN = 0.146 GEL
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1 GEL = 13.590 NIO
1 NIO = 0.074 GEL
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1 GEL = 1.594 RON
1 RON = 0.627 GEL
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1 GEL = 332.405 KPW
1 KPW = 0.003 GEL
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1 GEL = 0.307 KYD
1 KYD = 3.255 GEL
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1 GEL = 33187.325 LBP
1 LBP = 0.000 GEL
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1 GEL = 1.996 LYD
1 LYD = 0.501 GEL
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1 GEL = 7956.234 LAK
1 LAK = 0.000 GEL
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1 GEL = 1632.379 MGA
1 MGA = 0.001 GEL
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1 GEL = 74.062 LRD
1 LRD = 0.014 GEL
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1 GEL = 19.375 MKD
1 MKD = 0.052 GEL
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1 GEL = 6.562 LSL
1 LSL = 0.152 GEL
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1 GEL = 2.986 MOP
1 MOP = 0.335 GEL
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1 GEL = 6.229 MDL
1 MDL = 0.161 GEL
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1 GEL = 6.562 NAD
1 NAD = 0.152 GEL
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1 GEL = 1.559 MYR
1 MYR = 0.641 GEL
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1 GEL = 0.142 OMR
1 OMR = 7.035 GEL
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1 GEL = 565.667 NGN
1 NGN = 0.002 GEL
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1 GEL = 1.534 PGK
1 PGK = 0.652 GEL
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1 GEL = 0.369 PAB
1 PAB = 2.708 GEL
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1 GEL = 1.309 PEN
1 PEN = 0.764 GEL
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1 GEL = 3.753 NOK
1 NOK = 0.266 GEL
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1 GEL = 1.337 PLN
1 PLN = 0.748 GEL
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1 GEL = 2863.783 PYG
1 PYG = 0.000 GEL
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1 GEL = 1.344 QAR
1 QAR = 0.744 GEL
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1 GEL = 3.139 SBD
1 SBD = 0.319 GEL
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1 GEL = 1.385 SAR
1 SAR = 0.722 GEL
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1 GEL = 0.473 SGD
1 SGD = 2.114 GEL
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1 GEL = 8378.269 SLL
1 SLL = 0.000 GEL
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1 GEL = 11.962 THB
1 THB = 0.084 GEL
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1 GEL = 10.888 TWD
1 TWD = 0.092 GEL
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1 GEL = 15.432 UAH
1 UAH = 0.065 GEL
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1 GEL = 1324.036 UGX
1 UGX = 0.001 GEL
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1 GEL = 13.530 SRD
1 SRD = 0.074 GEL
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1 GEL = 7764.293 STD
1 STD = 0.000 GEL
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1 GEL = 14.979 TRY
1 TRY = 0.067 GEL
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1 GEL = 2.510 TTD
1 TTD = 0.398 GEL
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1 GEL = 0.889 TOP
1 TOP = 1.124 GEL
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1 GEL = 4677.057 UZS
1 UZS = 0.000 GEL
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1 GEL = 88.990 YER
1 YER = 0.011 GEL
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1 GEL = 6.562 ZAR
1 ZAR = 0.152 GEL
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1 GEL = 36.867 RSD
1 RSD = 0.027 GEL
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1 GEL = 29.317 RUB
1 RUB = 0.034 GEL
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1 GEL = 210.463 SOS
1 SOS = 0.005 GEL
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1 GEL = 3.232 SVC
1 SVC = 0.309 GEL
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1 GEL = 4802.113 SYP
1 SYP = 0.000 GEL
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1 GEL = 6.562 SZL
1 SZL = 0.152 GEL
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1 GEL = 1.064 TND
1 TND = 0.940 GEL
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1 GEL = 14.800 UYU
1 UYU = 0.068 GEL
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1 GEL = 9663.207 VND
1 VND = 0.000 GEL
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1 GEL = 44.131 VUV
1 VUV = 0.023 GEL
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1 GEL = 1.012 WST
1 WST = 0.989 GEL
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1 GEL = 206.382 XAF
1 XAF = 0.005 GEL
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1 GEL = 1.000 XCD
1 XCD = 1.000 GEL
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1 GEL = 5.326 SCR
1 SCR = 0.188 GEL
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1 GEL = 3.515 SEK
1 SEK = 0.285 GEL
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1 GEL = 0.275 SHP
1 SHP = 3.637 GEL
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1 GEL = 949.058 TZS
1 TZS = 0.001 GEL
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1 GEL = 0.369 USD
1 USD = 2.708 GEL
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1 GEL = 37.546 XPF
1 XPF = 0.027 GEL
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1 GEL = 206.382 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.