Georgian Lari
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1 GEL = 0.562 AUD
1 AUD = 1.778 GEL
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1 GEL = 472.392 ARS
1 ARS = 0.002 GEL
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1 GEL = 1083.759 BIF
1 BIF = 0.001 GEL
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1 GEL = 0.139 BHD
1 BHD = 7.204 GEL
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1 GEL = 2.560 BOB
1 BOB = 0.391 GEL
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1 GEL = 0.628 AZN
1 AZN = 1.593 GEL
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1 GEL = 31.929 BTN
1 BTN = 0.031 GEL
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1 GEL = 187.835 CRC
1 CRC = 0.005 GEL
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1 GEL = 7.722 CZK
1 CZK = 0.129 GEL
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1 GEL = 2.646 CNY
1 CNY = 0.378 GEL
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1 GEL = 2.347 DKK
1 DKK = 0.426 GEL
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1 GEL = 51.325 ETB
1 ETB = 0.019 GEL
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1 GEL = 3212.866 GNF
1 GNF = 0.000 GEL
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1 GEL = 2.369 HRK
1 HRK = 0.422 GEL
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1 GEL = 6022.890 IDR
1 IDR = 0.000 GEL
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1 GEL = 58.979 JMD
1 JMD = 0.017 GEL
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1 GEL = 32.231 KGS
1 KGS = 0.031 GEL
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1 GEL = 0.615 BAM
1 BAM = 1.626 GEL
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1 GEL = 0.663 ANG
1 ANG = 1.507 GEL
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1 GEL = 5.137 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 = 1061.009 CDF
1 CDF = 0.001 GEL
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1 GEL = 0.745 BZD
1 BZD = 1.342 GEL
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1 GEL = 12090.083 BYR
1 BYR = 0.000 GEL
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1 GEL = 0.615 BGN
1 BGN = 1.626 GEL
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1 GEL = 0.506 CAD
1 CAD = 1.977 GEL
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1 GEL = 48.076 DZD
1 DZD = 0.021 GEL
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1 GEL = 5.538 ERN
1 ERN = 0.181 GEL
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1 GEL = 18.124 EGP
1 EGP = 0.055 GEL
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1 GEL = 0.828 FJD
1 FJD = 1.208 GEL
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1 GEL = 0.274 GBP
1 GBP = 3.645 GEL
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1 GEL = 0.274 FKP
1 FKP = 3.645 GEL
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1 GEL = 2.834 GTQ
1 GTQ = 0.353 GEL
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1 GEL = 2.898 HKD
1 HKD = 0.345 GEL
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1 GEL = 124.699 HUF
1 HUF = 0.008 GEL
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1 GEL = 483.733 IQD
1 IQD = 0.002 GEL
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1 GEL = 15507.125 IRR
1 IRR = 0.000 GEL
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1 GEL = 154.670 KMF
1 KMF = 0.006 GEL
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1 GEL = 509.536 KRW
1 KRW = 0.002 GEL
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1 GEL = 30.645 ALL
1 ALL = 0.033 GEL
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1 GEL = 45.149 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 = 2.048 BRL
1 BRL = 0.488 GEL
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1 GEL = 0.001 BCH
1 BCH = 1516.573 GEL
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1 GEL = 0.000 BTC
1 BTC = 338575.000 GEL
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1 GEL = 1.356 AED
1 AED = 0.738 GEL
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1 GEL = 336.679 AOA
1 AOA = 0.003 GEL
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1 GEL = 0.369 BSD
1 BSD = 2.709 GEL
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1 GEL = 355.807 CLP
1 CLP = 0.003 GEL
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1 GEL = 1.209 BYN
1 BYN = 0.827 GEL
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1 GEL = 1529.362 COP
1 COP = 0.001 GEL
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1 GEL = 8.855 CUP
1 CUP = 0.113 GEL
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1 GEL = 0.000 ETH
1 ETH = 10144.569 GEL
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1 GEL = 0.314 EUR
1 EUR = 3.181 GEL
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1 GEL = 9.698 HNL
1 HNL = 0.103 GEL
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1 GEL = 26.785 GMD
1 GMD = 0.037 GEL
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1 GEL = 0.274 GIP
1 GIP = 3.645 GEL
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1 GEL = 49.018 HTG
1 HTG = 0.020 GEL
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1 GEL = 0.262 JOD
1 JOD = 3.820 GEL
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1 GEL = 54.519 JPY
1 JPY = 0.018 GEL
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1 GEL = 25.364 AFN
1 AFN = 0.039 GEL
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1 GEL = 0.738 BBD
1 BBD = 1.354 GEL
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1 GEL = 0.369 BMD
1 BMD = 2.709 GEL
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1 GEL = 141.749 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 = 65.872 DJF
1 DJF = 0.015 GEL
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1 GEL = 22.439 DOP
1 DOP = 0.045 GEL
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1 GEL = 34.668 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 = 3.841 GHS
1 GHS = 0.260 GEL
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1 GEL = 77.154 GYD
1 GYD = 0.013 GEL
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1 GEL = 1.238 ILS
1 ILS = 0.808 GEL
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1 GEL = 31.929 INR
1 INR = 0.031 GEL
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1 GEL = 44.717 ISK
1 ISK = 0.022 GEL
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1 GEL = 1476.778 KHR
1 KHR = 0.001 GEL
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1 GEL = 47.755 KES
1 KES = 0.021 GEL
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1 GEL = 0.113 KWD
1 KWD = 8.840 GEL
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1 GEL = 201.085 KZT
1 KZT = 0.005 GEL
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1 GEL = 111.198 LKR
1 LKR = 0.009 GEL
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1 GEL = 3.320 MAD
1 MAD = 0.301 GEL
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1 GEL = 775.135 MMK
1 MMK = 0.001 GEL
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1 GEL = 1324.551 MNT
1 MNT = 0.001 GEL
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1 GEL = 16.728 MUR
1 MUR = 0.060 GEL
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1 GEL = 147.552 MRO
1 MRO = 0.007 GEL
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1 GEL = 5.707 MVR
1 MVR = 0.175 GEL
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1 GEL = 639.980 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 = 51.111 NPR
1 NPR = 0.020 GEL
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1 GEL = 21.097 PHP
1 PHP = 0.047 GEL
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1 GEL = 104.560 PKR
1 PKR = 0.010 GEL
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1 GEL = 532.884 RWF
1 RWF = 0.002 GEL
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1 GEL = 0.003 LTC
1 LTC = 310.548 GEL
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1 GEL = 6.843 MXN
1 MXN = 0.146 GEL
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1 GEL = 13.522 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 = 332.275 KPW
1 KPW = 0.003 GEL
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1 GEL = 0.303 KYD
1 KYD = 3.303 GEL
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1 GEL = 33259.654 LBP
1 LBP = 0.000 GEL
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1 GEL = 1.993 LYD
1 LYD = 0.502 GEL
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1 GEL = 7897.290 LAK
1 LAK = 0.000 GEL
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1 GEL = 1639.821 MGA
1 MGA = 0.001 GEL
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1 GEL = 74.149 LRD
1 LRD = 0.013 GEL
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1 GEL = 19.455 MKD
1 MKD = 0.051 GEL
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1 GEL = 6.558 LSL
1 LSL = 0.152 GEL
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1 GEL = 2.985 MOP
1 MOP = 0.335 GEL
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1 GEL = 6.183 MDL
1 MDL = 0.162 GEL
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1 GEL = 6.558 NAD
1 NAD = 0.152 GEL
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1 GEL = 1.559 MYR
1 MYR = 0.642 GEL
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1 GEL = 0.142 OMR
1 OMR = 7.033 GEL
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1 GEL = 564.672 NGN
1 NGN = 0.002 GEL
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1 GEL = 1.501 PGK
1 PGK = 0.666 GEL
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1 GEL = 0.369 PAB
1 PAB = 2.709 GEL
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1 GEL = 1.309 PEN
1 PEN = 0.764 GEL
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1 GEL = 3.752 NOK
1 NOK = 0.267 GEL
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1 GEL = 1.335 PLN
1 PLN = 0.749 GEL
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1 GEL = 2752.562 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 = 3.138 SBD
1 SBD = 0.319 GEL
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1 GEL = 1.384 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 = 8375.175 SLL
1 SLL = 0.000 GEL
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1 GEL = 11.931 THB
1 THB = 0.084 GEL
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1 GEL = 10.897 TWD
1 TWD = 0.092 GEL
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1 GEL = 15.467 UAH
1 UAH = 0.065 GEL
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1 GEL = 1323.979 UGX
1 UGX = 0.001 GEL
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1 GEL = 13.542 SRD
1 SRD = 0.074 GEL
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1 GEL = 7733.959 STD
1 STD = 0.000 GEL
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1 GEL = 14.976 TRY
1 TRY = 0.067 GEL
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1 GEL = 2.518 TTD
1 TTD = 0.397 GEL
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1 GEL = 0.873 TOP
1 TOP = 1.145 GEL
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1 GEL = 4669.349 UZS
1 UZS = 0.000 GEL
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1 GEL = 88.876 YER
1 YER = 0.011 GEL
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1 GEL = 6.558 ZAR
1 ZAR = 0.152 GEL
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1 GEL = 36.809 RSD
1 RSD = 0.027 GEL
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1 GEL = 29.340 RUB
1 RUB = 0.034 GEL
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1 GEL = 210.145 SOS
1 SOS = 0.005 GEL
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1 GEL = 3.230 SVC
1 SVC = 0.310 GEL
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1 GEL = 4800.192 SYP
1 SYP = 0.000 GEL
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1 GEL = 6.558 SZL
1 SZL = 0.152 GEL
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1 GEL = 1.058 TND
1 TND = 0.945 GEL
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1 GEL = 14.799 UYU
1 UYU = 0.068 GEL
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1 GEL = 9645.130 VND
1 VND = 0.000 GEL
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1 GEL = 43.786 VUV
1 VUV = 0.023 GEL
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1 GEL = 1.011 WST
1 WST = 0.989 GEL
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1 GEL = 206.225 XAF
1 XAF = 0.005 GEL
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1 GEL = 0.997 XCD
1 XCD = 1.003 GEL
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1 GEL = 5.430 SCR
1 SCR = 0.184 GEL
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1 GEL = 3.517 SEK
1 SEK = 0.284 GEL
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1 GEL = 0.274 SHP
1 SHP = 3.645 GEL
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1 GEL = 938.418 TZS
1 TZS = 0.001 GEL
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1 GEL = 0.369 USD
1 USD = 2.709 GEL
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1 GEL = 37.518 XPF
1 XPF = 0.027 GEL
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1 GEL = 206.225 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.