Georgian Lari
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1 GEL = 0.564 AUD
1 AUD = 1.774 GEL
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1 GEL = 545.572 ARS
1 ARS = 0.002 GEL
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1 GEL = 1081.188 BIF
1 BIF = 0.001 GEL
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1 GEL = 0.138 BHD
1 BHD = 7.241 GEL
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1 GEL = 2.536 BOB
1 BOB = 0.394 GEL
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1 GEL = 0.624 AZN
1 AZN = 1.602 GEL
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1 GEL = 32.251 BTN
1 BTN = 0.031 GEL
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1 GEL = 184.460 CRC
1 CRC = 0.005 GEL
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1 GEL = 7.693 CZK
1 CZK = 0.130 GEL
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1 GEL = 2.616 CNY
1 CNY = 0.382 GEL
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1 GEL = 2.363 DKK
1 DKK = 0.423 GEL
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1 GEL = 55.401 ETB
1 ETB = 0.018 GEL
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1 GEL = 3186.708 GNF
1 GNF = 0.000 GEL
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1 GEL = 2.383 HRK
1 HRK = 0.420 GEL
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1 GEL = 6098.762 IDR
1 IDR = 0.000 GEL
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1 GEL = 58.919 JMD
1 JMD = 0.017 GEL
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1 GEL = 32.124 KGS
1 KGS = 0.031 GEL
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1 GEL = 0.619 BAM
1 BAM = 1.617 GEL
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1 GEL = 0.661 ANG
1 ANG = 1.513 GEL
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1 GEL = 5.170 BWP
1 BWP = 0.193 GEL
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1 GEL = 0.477 BND
1 BND = 2.097 GEL
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1 GEL = 836.897 CDF
1 CDF = 0.001 GEL
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1 GEL = 0.739 BZD
1 BZD = 1.353 GEL
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1 GEL = 12505.197 BYR
1 BYR = 0.000 GEL
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1 GEL = 0.619 BGN
1 BGN = 1.617 GEL
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1 GEL = 0.514 CAD
1 CAD = 1.946 GEL
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1 GEL = 47.912 DZD
1 DZD = 0.021 GEL
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1 GEL = 5.509 ERN
1 ERN = 0.182 GEL
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1 GEL = 17.461 EGP
1 EGP = 0.057 GEL
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1 GEL = 0.844 FJD
1 FJD = 1.184 GEL
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1 GEL = 0.276 GBP
1 GBP = 3.626 GEL
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1 GEL = 0.276 FKP
1 FKP = 3.626 GEL
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1 GEL = 2.812 GTQ
1 GTQ = 0.356 GEL
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1 GEL = 2.854 HKD
1 HKD = 0.350 GEL
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1 GEL = 123.576 HUF
1 HUF = 0.008 GEL
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1 GEL = 481.713 IQD
1 IQD = 0.002 GEL
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1 GEL = 15438.609 IRR
1 IRR = 0.000 GEL
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1 GEL = 155.607 KMF
1 KMF = 0.006 GEL
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1 GEL = 527.902 KRW
1 KRW = 0.002 GEL
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1 GEL = 30.561 ALL
1 ALL = 0.033 GEL
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1 GEL = 44.922 BDT
1 BDT = 0.022 GEL
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1 GEL = 0.657 AWG
1 AWG = 1.521 GEL
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1 GEL = 1.977 BRL
1 BRL = 0.506 GEL
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1 GEL = 0.008 BCH
1 BCH = 132.621 GEL
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1 GEL = 0.000 BTC
1 BTC = 302522.222 GEL
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1 GEL = 1.349 AED
1 AED = 0.741 GEL
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1 GEL = 336.027 AOA
1 AOA = 0.003 GEL
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1 GEL = 0.367 BSD
1 BSD = 2.723 GEL
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1 GEL = 347.648 CLP
1 CLP = 0.003 GEL
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1 GEL = 1.251 BYN
1 BYN = 0.800 GEL
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1 GEL = 1425.240 COP
1 COP = 0.001 GEL
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1 GEL = 8.806 CUP
1 CUP = 0.114 GEL
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1 GEL = 0.000 ETH
1 ETH = 10677.255 GEL
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1 GEL = 0.316 EUR
1 EUR = 3.162 GEL
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1 GEL = 9.650 HNL
1 HNL = 0.104 GEL
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1 GEL = 26.829 GMD
1 GMD = 0.037 GEL
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1 GEL = 0.276 GIP
1 GIP = 3.626 GEL
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1 GEL = 48.066 HTG
1 HTG = 0.021 GEL
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1 GEL = 0.260 JOD
1 JOD = 3.840 GEL
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1 GEL = 56.055 JPY
1 JPY = 0.018 GEL
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1 GEL = 24.381 AFN
1 AFN = 0.041 GEL
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1 GEL = 0.735 BBD
1 BBD = 1.361 GEL
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1 GEL = 0.367 BMD
1 BMD = 2.723 GEL
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1 GEL = 140.085 AMD
1 AMD = 0.007 GEL
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1 GEL = 0.292 CHF
1 CHF = 3.422 GEL
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1 GEL = 65.391 DJF
1 DJF = 0.015 GEL
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1 GEL = 23.436 DOP
1 DOP = 0.043 GEL
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1 GEL = 34.878 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 = 3.967 GHS
1 GHS = 0.252 GEL
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1 GEL = 76.773 GYD
1 GYD = 0.013 GEL
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1 GEL = 1.209 ILS
1 ILS = 0.827 GEL
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1 GEL = 32.251 INR
1 INR = 0.031 GEL
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1 GEL = 44.977 ISK
1 ISK = 0.022 GEL
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1 GEL = 1482.279 KHR
1 KHR = 0.001 GEL
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1 GEL = 47.416 KES
1 KES = 0.021 GEL
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1 GEL = 0.113 KWD
1 KWD = 8.880 GEL
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1 GEL = 197.414 KZT
1 KZT = 0.005 GEL
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1 GEL = 111.294 LKR
1 LKR = 0.009 GEL
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1 GEL = 3.392 MAD
1 MAD = 0.295 GEL
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1 GEL = 771.161 MMK
1 MMK = 0.001 GEL
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1 GEL = 1320.505 MNT
1 MNT = 0.001 GEL
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1 GEL = 16.721 MUR
1 MUR = 0.060 GEL
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1 GEL = 147.089 MRO
1 MRO = 0.007 GEL
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1 GEL = 5.658 MVR
1 MVR = 0.177 GEL
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1 GEL = 637.408 MWK
1 MWK = 0.002 GEL
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1 GEL = 0.638 NZD
1 NZD = 1.567 GEL
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1 GEL = 51.625 NPR
1 NPR = 0.019 GEL
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1 GEL = 21.529 PHP
1 PHP = 0.046 GEL
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1 GEL = 103.768 PKR
1 PKR = 0.010 GEL
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1 GEL = 532.383 RWF
1 RWF = 0.002 GEL
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1 GEL = 0.004 LTC
1 LTC = 257.856 GEL
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1 GEL = 6.757 MXN
1 MXN = 0.148 GEL
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1 GEL = 13.502 NIO
1 NIO = 0.074 GEL
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1 GEL = 1.608 RON
1 RON = 0.622 GEL
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1 GEL = 330.551 KPW
1 KPW = 0.003 GEL
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1 GEL = 0.305 KYD
1 KYD = 3.276 GEL
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1 GEL = 32916.994 LBP
1 LBP = 0.000 GEL
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1 GEL = 1.998 LYD
1 LYD = 0.501 GEL
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1 GEL = 7962.758 LAK
1 LAK = 0.000 GEL
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1 GEL = 1643.681 MGA
1 MGA = 0.001 GEL
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1 GEL = 67.158 LRD
1 LRD = 0.015 GEL
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1 GEL = 19.494 MKD
1 MKD = 0.051 GEL
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1 GEL = 6.358 LSL
1 LSL = 0.157 GEL
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1 GEL = 2.940 MOP
1 MOP = 0.340 GEL
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1 GEL = 6.230 MDL
1 MDL = 0.161 GEL
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1 GEL = 6.358 NAD
1 NAD = 0.157 GEL
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1 GEL = 1.553 MYR
1 MYR = 0.644 GEL
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1 GEL = 0.141 OMR
1 OMR = 7.075 GEL
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1 GEL = 536.901 NGN
1 NGN = 0.002 GEL
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1 GEL = 1.544 PGK
1 PGK = 0.648 GEL
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1 GEL = 0.367 PAB
1 PAB = 2.723 GEL
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1 GEL = 1.246 PEN
1 PEN = 0.802 GEL
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1 GEL = 3.666 NOK
1 NOK = 0.273 GEL
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1 GEL = 1.338 PLN
1 PLN = 0.748 GEL
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1 GEL = 2596.970 PYG
1 PYG = 0.000 GEL
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1 GEL = 1.337 QAR
1 QAR = 0.748 GEL
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1 GEL = 3.112 SBD
1 SBD = 0.321 GEL
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1 GEL = 1.377 SAR
1 SAR = 0.726 GEL
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1 GEL = 0.477 SGD
1 SGD = 2.097 GEL
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1 GEL = 8488.302 SLL
1 SLL = 0.000 GEL
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1 GEL = 12.040 THB
1 THB = 0.083 GEL
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1 GEL = 11.302 TWD
1 TWD = 0.088 GEL
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1 GEL = 15.383 UAH
1 UAH = 0.065 GEL
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1 GEL = 1281.687 UGX
1 UGX = 0.001 GEL
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1 GEL = 14.598 SRD
1 SRD = 0.069 GEL
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1 GEL = 7806.332 STD
1 STD = 0.000 GEL
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1 GEL = 15.419 TRY
1 TRY = 0.065 GEL
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1 GEL = 2.491 TTD
1 TTD = 0.401 GEL
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1 GEL = 0.882 TOP
1 TOP = 1.134 GEL
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1 GEL = 4446.028 UZS
1 UZS = 0.000 GEL
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1 GEL = 87.755 YER
1 YER = 0.011 GEL
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1 GEL = 6.358 ZAR
1 ZAR = 0.157 GEL
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1 GEL = 37.073 RSD
1 RSD = 0.027 GEL
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1 GEL = 29.848 RUB
1 RUB = 0.034 GEL
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1 GEL = 208.914 SOS
1 SOS = 0.005 GEL
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1 GEL = 3.214 SVC
1 SVC = 0.311 GEL
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1 GEL = 4061.006 SYP
1 SYP = 0.000 GEL
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1 GEL = 6.358 SZL
1 SZL = 0.157 GEL
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1 GEL = 1.079 TND
1 TND = 0.927 GEL
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1 GEL = 14.604 UYU
1 UYU = 0.068 GEL
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1 GEL = 9670.731 VND
1 VND = 0.000 GEL
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1 GEL = 44.797 VUV
1 VUV = 0.022 GEL
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1 GEL = 1.031 WST
1 WST = 0.970 GEL
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1 GEL = 207.478 XAF
1 XAF = 0.005 GEL
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1 GEL = 0.994 XCD
1 XCD = 1.006 GEL
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1 GEL = 5.171 SCR
1 SCR = 0.193 GEL
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1 GEL = 3.452 SEK
1 SEK = 0.290 GEL
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1 GEL = 0.276 SHP
1 SHP = 3.626 GEL
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1 GEL = 912.972 TZS
1 TZS = 0.001 GEL
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1 GEL = 0.367 USD
1 USD = 2.723 GEL
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1 GEL = 37.746 XPF
1 XPF = 0.026 GEL
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1 GEL = 207.478 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.