Georgian Lari
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1 GEL = 0.571 AUD
1 AUD = 1.751 GEL
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1 GEL = 319.623 ARS
1 ARS = 0.003 GEL
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1 GEL = 1076.761 BIF
1 BIF = 0.001 GEL
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1 GEL = 0.142 BHD
1 BHD = 7.044 GEL
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1 GEL = 2.602 BOB
1 BOB = 0.384 GEL
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1 GEL = 0.640 AZN
1 AZN = 1.562 GEL
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1 GEL = 31.170 BTN
1 BTN = 0.032 GEL
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1 GEL = 192.621 CRC
1 CRC = 0.005 GEL
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1 GEL = 8.730 CZK
1 CZK = 0.115 GEL
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1 GEL = 2.704 CNY
1 CNY = 0.370 GEL
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1 GEL = 2.574 DKK
1 DKK = 0.388 GEL
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1 GEL = 21.379 ETB
1 ETB = 0.047 GEL
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1 GEL = 3236.580 GNF
1 GNF = 0.000 GEL
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1 GEL = 2.601 HRK
1 HRK = 0.384 GEL
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1 GEL = 5853.522 IDR
1 IDR = 0.000 GEL
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1 GEL = 58.448 JMD
1 JMD = 0.017 GEL
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1 GEL = 33.684 KGS
1 KGS = 0.030 GEL
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1 GEL = 0.674 BAM
1 BAM = 1.485 GEL
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1 GEL = 0.679 ANG
1 ANG = 1.474 GEL
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1 GEL = 5.110 BWP
1 BWP = 0.196 GEL
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1 GEL = 0.501 BND
1 BND = 1.995 GEL
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1 GEL = 1044.949 CDF
1 CDF = 0.001 GEL
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1 GEL = 0.759 BZD
1 BZD = 1.317 GEL
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1 GEL = 12297.326 BYR
1 BYR = 0.000 GEL
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1 GEL = 0.674 BGN
1 BGN = 1.484 GEL
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1 GEL = 0.509 CAD
1 CAD = 1.966 GEL
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1 GEL = 50.640 DZD
1 DZD = 0.020 GEL
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1 GEL = 5.650 ERN
1 ERN = 0.177 GEL
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1 GEL = 18.381 EGP
1 EGP = 0.054 GEL
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1 GEL = 0.841 FJD
1 FJD = 1.189 GEL
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1 GEL = 0.295 GBP
1 GBP = 3.388 GEL
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1 GEL = 0.295 FKP
1 FKP = 3.388 GEL
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1 GEL = 2.940 GTQ
1 GTQ = 0.340 GEL
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1 GEL = 2.947 HKD
1 HKD = 0.339 GEL
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1 GEL = 137.574 HUF
1 HUF = 0.007 GEL
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1 GEL = 493.281 IQD
1 IQD = 0.002 GEL
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1 GEL = 15833.333 IRR
1 IRR = 0.000 GEL
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1 GEL = 169.699 KMF
1 KMF = 0.006 GEL
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1 GEL = 494.429 KRW
1 KRW = 0.002 GEL
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1 GEL = 35.803 ALL
1 ALL = 0.028 GEL
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1 GEL = 41.326 BDT
1 BDT = 0.024 GEL
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1 GEL = 0.678 AWG
1 AWG = 1.475 GEL
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1 GEL = 1.877 BRL
1 BRL = 0.533 GEL
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1 GEL = 0.001 BCH
1 BCH = 1135.586 GEL
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1 GEL = 0.000 BTC
1 BTC = 189642.857 GEL
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1 GEL = 1.383 AED
1 AED = 0.723 GEL
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1 GEL = 314.151 AOA
1 AOA = 0.003 GEL
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1 GEL = 0.377 BSD
1 BSD = 2.655 GEL
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1 GEL = 362.960 CLP
1 CLP = 0.003 GEL
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1 GEL = 1.232 BYN
1 BYN = 0.812 GEL
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1 GEL = 1473.695 COP
1 COP = 0.001 GEL
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1 GEL = 9.699 CUP
1 CUP = 0.103 GEL
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1 GEL = 0.000 ETH
1 ETH = 10662.651 GEL
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1 GEL = 0.345 EUR
1 EUR = 2.897 GEL
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1 GEL = 9.299 HNL
1 HNL = 0.108 GEL
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1 GEL = 25.603 GMD
1 GMD = 0.039 GEL
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1 GEL = 0.295 GIP
1 GIP = 3.388 GEL
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1 GEL = 49.925 HTG
1 HTG = 0.020 GEL
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1 GEL = 0.267 JOD
1 JOD = 3.745 GEL
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1 GEL = 55.669 JPY
1 JPY = 0.018 GEL
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1 GEL = 26.712 AFN
1 AFN = 0.037 GEL
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1 GEL = 0.753 BBD
1 BBD = 1.328 GEL
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1 GEL = 0.377 BMD
1 BMD = 2.655 GEL
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1 GEL = 151.672 AMD
1 AMD = 0.007 GEL
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1 GEL = 0.331 CHF
1 CHF = 3.021 GEL
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1 GEL = 67.055 DJF
1 DJF = 0.015 GEL
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1 GEL = 22.255 DOP
1 DOP = 0.045 GEL
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1 GEL = 37.974 CVE
1 CVE = 0.026 GEL
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1 GEL = 1.000 GEL
1 GEL = 1.000 GEL
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1 GEL = 4.827 GHS
1 GHS = 0.207 GEL
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1 GEL = 78.863 GYD
1 GYD = 0.013 GEL
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1 GEL = 1.378 ILS
1 ILS = 0.726 GEL
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1 GEL = 31.181 INR
1 INR = 0.032 GEL
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1 GEL = 51.333 ISK
1 ISK = 0.019 GEL
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1 GEL = 1524.991 KHR
1 KHR = 0.001 GEL
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1 GEL = 52.354 KES
1 KES = 0.019 GEL
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1 GEL = 0.116 KWD
1 KWD = 8.643 GEL
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1 GEL = 168.983 KZT
1 KZT = 0.006 GEL
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1 GEL = 115.669 LKR
1 LKR = 0.009 GEL
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1 GEL = 3.779 MAD
1 MAD = 0.265 GEL
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1 GEL = 790.776 MMK
1 MMK = 0.001 GEL
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1 GEL = 1299.435 MNT
1 MNT = 0.001 GEL
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1 GEL = 17.247 MUR
1 MUR = 0.058 GEL
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1 GEL = 149.729 MRO
1 MRO = 0.007 GEL
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1 GEL = 5.800 MVR
1 MVR = 0.172 GEL
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1 GEL = 633.853 MWK
1 MWK = 0.002 GEL
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1 GEL = 0.613 NZD
1 NZD = 1.632 GEL
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1 GEL = 49.872 NPR
1 NPR = 0.020 GEL
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1 GEL = 20.871 PHP
1 PHP = 0.048 GEL
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1 GEL = 105.115 PKR
1 PKR = 0.010 GEL
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1 GEL = 483.296 RWF
1 RWF = 0.002 GEL
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1 GEL = 0.004 LTC
1 LTC = 257.717 GEL
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1 GEL = 6.341 MXN
1 MXN = 0.158 GEL
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1 GEL = 13.858 NIO
1 NIO = 0.072 GEL
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1 GEL = 1.715 RON
1 RON = 0.583 GEL
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1 GEL = 338.983 KPW
1 KPW = 0.003 GEL
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1 GEL = 0.314 KYD
1 KYD = 3.187 GEL
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1 GEL = 33720.113 LBP
1 LBP = 0.000 GEL
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1 GEL = 1.810 LYD
1 LYD = 0.553 GEL
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1 GEL = 7858.606 LAK
1 LAK = 0.000 GEL
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1 GEL = 1694.795 MGA
1 MGA = 0.001 GEL
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1 GEL = 72.166 LRD
1 LRD = 0.014 GEL
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1 GEL = 21.269 MKD
1 MKD = 0.047 GEL
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1 GEL = 6.995 LSL
1 LSL = 0.143 GEL
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1 GEL = 3.034 MOP
1 MOP = 0.330 GEL
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1 GEL = 6.610 MDL
1 MDL = 0.151 GEL
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1 GEL = 6.995 NAD
1 NAD = 0.143 GEL
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1 GEL = 1.762 MYR
1 MYR = 0.568 GEL
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1 GEL = 0.145 OMR
1 OMR = 6.897 GEL
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1 GEL = 593.292 NGN
1 NGN = 0.002 GEL
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1 GEL = 1.438 PGK
1 PGK = 0.695 GEL
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1 GEL = 0.377 PAB
1 PAB = 2.655 GEL
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1 GEL = 1.390 PEN
1 PEN = 0.720 GEL
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1 GEL = 3.962 NOK
1 NOK = 0.252 GEL
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1 GEL = 1.481 PLN
1 PLN = 0.675 GEL
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1 GEL = 2745.190 PYG
1 PYG = 0.000 GEL
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1 GEL = 1.373 QAR
1 QAR = 0.728 GEL
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1 GEL = 3.177 SBD
1 SBD = 0.315 GEL
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1 GEL = 1.413 SAR
1 SAR = 0.708 GEL
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1 GEL = 0.502 SGD
1 SGD = 1.992 GEL
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1 GEL = 7898.117 SLL
1 SLL = 0.000 GEL
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1 GEL = 13.460 THB
1 THB = 0.074 GEL
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1 GEL = 11.854 TWD
1 TWD = 0.084 GEL
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1 GEL = 14.499 UAH
1 UAH = 0.069 GEL
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1 GEL = 1471.593 UGX
1 UGX = 0.001 GEL
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1 GEL = 13.319 SRD
1 SRD = 0.075 GEL
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1 GEL = 8392.392 STD
1 STD = 0.000 GEL
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1 GEL = 12.072 TRY
1 TRY = 0.083 GEL
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1 GEL = 2.559 TTD
1 TTD = 0.391 GEL
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1 GEL = 0.889 TOP
1 TOP = 1.124 GEL
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1 GEL = 4719.661 UZS
1 UZS = 0.000 GEL
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1 GEL = 94.275 YER
1 YER = 0.011 GEL
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1 GEL = 7.051 ZAR
1 ZAR = 0.142 GEL
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1 GEL = 40.463 RSD
1 RSD = 0.025 GEL
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1 GEL = 34.397 RUB
1 RUB = 0.029 GEL
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1 GEL = 215.213 SOS
1 SOS = 0.005 GEL
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1 GEL = 3.295 SVC
1 SVC = 0.304 GEL
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1 GEL = 946.339 SYP
1 SYP = 0.001 GEL
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1 GEL = 6.992 SZL
1 SZL = 0.143 GEL
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1 GEL = 1.166 TND
1 TND = 0.857 GEL
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1 GEL = 14.624 UYU
1 UYU = 0.068 GEL
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1 GEL = 9285.047 VND
1 VND = 0.000 GEL
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1 GEL = 44.716 VUV
1 VUV = 0.022 GEL
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1 GEL = 1.055 WST
1 WST = 0.948 GEL
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1 GEL = 226.433 XAF
1 XAF = 0.004 GEL
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1 GEL = 1.018 XCD
1 XCD = 0.982 GEL
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1 GEL = 5.059 SCR
1 SCR = 0.198 GEL
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1 GEL = 3.861 SEK
1 SEK = 0.259 GEL
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1 GEL = 0.295 SHP
1 SHP = 3.388 GEL
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1 GEL = 960.215 TZS
1 TZS = 0.001 GEL
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1 GEL = 0.377 USD
1 USD = 2.655 GEL
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1 GEL = 41.194 XPF
1 XPF = 0.024 GEL
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1 GEL = 226.433 XOF
1 XOF = 0.004 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.