Georgian Lari
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1 GEL = 0.562 AUD
1 AUD = 1.778 GEL
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1 GEL = 473.036 ARS
1 ARS = 0.002 GEL
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1 GEL = 1098.150 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 = 2.545 BOB
1 BOB = 0.393 GEL
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1 GEL = 0.628 AZN
1 AZN = 1.593 GEL
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1 GEL = 31.935 BTN
1 BTN = 0.031 GEL
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1 GEL = 186.381 CRC
1 CRC = 0.005 GEL
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1 GEL = 7.722 CZK
1 CZK = 0.130 GEL
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1 GEL = 2.646 CNY
1 CNY = 0.378 GEL
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1 GEL = 2.346 DKK
1 DKK = 0.426 GEL
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1 GEL = 51.318 ETB
1 ETB = 0.019 GEL
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1 GEL = 3205.083 GNF
1 GNF = 0.000 GEL
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1 GEL = 2.368 HRK
1 HRK = 0.422 GEL
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1 GEL = 6037.507 IDR
1 IDR = 0.000 GEL
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1 GEL = 59.141 JMD
1 JMD = 0.017 GEL
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1 GEL = 32.228 KGS
1 KGS = 0.031 GEL
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1 GEL = 0.615 BAM
1 BAM = 1.627 GEL
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1 GEL = 0.663 ANG
1 ANG = 1.507 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 = 1061.171 CDF
1 CDF = 0.001 GEL
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1 GEL = 0.744 BZD
1 BZD = 1.345 GEL
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1 GEL = 12088.305 BYR
1 BYR = 0.000 GEL
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1 GEL = 0.615 BGN
1 BGN = 1.627 GEL
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1 GEL = 0.506 CAD
1 CAD = 1.977 GEL
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1 GEL = 47.811 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 = 18.128 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 = 0.275 GBP
1 GBP = 3.640 GEL
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1 GEL = 0.275 FKP
1 FKP = 3.640 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 = 124.712 HUF
1 HUF = 0.008 GEL
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1 GEL = 483.074 IQD
1 IQD = 0.002 GEL
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1 GEL = 15525.731 IRR
1 IRR = 0.000 GEL
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1 GEL = 154.607 KMF
1 KMF = 0.006 GEL
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1 GEL = 510.706 KRW
1 KRW = 0.002 GEL
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1 GEL = 30.631 ALL
1 ALL = 0.033 GEL
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1 GEL = 45.094 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 = 1505.725 GEL
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1 GEL = 0.000 BTC
1 BTC = 300977.778 GEL
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1 GEL = 1.356 AED
1 AED = 0.738 GEL
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1 GEL = 336.669 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 = 355.759 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 = 1516.941 COP
1 COP = 0.001 GEL
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1 GEL = 8.845 CUP
1 CUP = 0.113 GEL
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1 GEL = 0.000 ETH
1 ETH = 10145.318 GEL
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1 GEL = 0.314 EUR
1 EUR = 3.182 GEL
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1 GEL = 9.659 HNL
1 HNL = 0.104 GEL
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1 GEL = 26.561 GMD
1 GMD = 0.038 GEL
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1 GEL = 0.275 GIP
1 GIP = 3.640 GEL
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1 GEL = 48.376 HTG
1 HTG = 0.021 GEL
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1 GEL = 0.262 JOD
1 JOD = 3.821 GEL
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1 GEL = 54.515 JPY
1 JPY = 0.018 GEL
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1 GEL = 25.516 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 = 141.738 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 = 65.867 DJF
1 DJF = 0.015 GEL
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1 GEL = 22.361 DOP
1 DOP = 0.045 GEL
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1 GEL = 34.654 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 = 3.857 GHS
1 GHS = 0.259 GEL
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1 GEL = 77.104 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 = 31.935 INR
1 INR = 0.031 GEL
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1 GEL = 44.714 ISK
1 ISK = 0.022 GEL
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1 GEL = 1475.506 KHR
1 KHR = 0.001 GEL
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1 GEL = 47.611 KES
1 KES = 0.021 GEL
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1 GEL = 0.113 KWD
1 KWD = 8.871 GEL
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1 GEL = 201.012 KZT
1 KZT = 0.005 GEL
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1 GEL = 111.193 LKR
1 LKR = 0.009 GEL
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1 GEL = 3.321 MAD
1 MAD = 0.301 GEL
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1 GEL = 774.546 MMK
1 MMK = 0.001 GEL
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1 GEL = 1325.107 MNT
1 MNT = 0.001 GEL
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1 GEL = 16.755 MUR
1 MUR = 0.060 GEL
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1 GEL = 147.098 MRO
1 MRO = 0.007 GEL
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1 GEL = 5.686 MVR
1 MVR = 0.176 GEL
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1 GEL = 638.847 MWK
1 MWK = 0.002 GEL
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1 GEL = 0.614 NZD
1 NZD = 1.630 GEL
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1 GEL = 51.119 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 = 104.441 PKR
1 PKR = 0.010 GEL
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1 GEL = 532.620 RWF
1 RWF = 0.002 GEL
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1 GEL = 0.003 LTC
1 LTC = 306.668 GEL
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1 GEL = 6.849 MXN
1 MXN = 0.146 GEL
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1 GEL = 13.560 NIO
1 NIO = 0.074 GEL
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1 GEL = 1.593 RON
1 RON = 0.628 GEL
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1 GEL = 332.250 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 = 33073.058 LBP
1 LBP = 0.000 GEL
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1 GEL = 1.989 LYD
1 LYD = 0.503 GEL
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1 GEL = 7941.672 LAK
1 LAK = 0.000 GEL
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1 GEL = 1627.632 MGA
1 MGA = 0.001 GEL
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1 GEL = 73.892 LRD
1 LRD = 0.014 GEL
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1 GEL = 19.345 MKD
1 MKD = 0.052 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 = 6.197 MDL
1 MDL = 0.161 GEL
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1 GEL = 6.558 NAD
1 NAD = 0.152 GEL
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1 GEL = 1.560 MYR
1 MYR = 0.641 GEL
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1 GEL = 0.142 OMR
1 OMR = 7.043 GEL
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1 GEL = 564.305 NGN
1 NGN = 0.002 GEL
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1 GEL = 1.500 PGK
1 PGK = 0.667 GEL
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1 GEL = 0.369 PAB
1 PAB = 2.709 GEL
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1 GEL = 1.307 PEN
1 PEN = 0.765 GEL
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1 GEL = 3.751 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 = 2763.353 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 = 8374.557 SLL
1 SLL = 0.000 GEL
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1 GEL = 11.953 THB
1 THB = 0.084 GEL
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1 GEL = 10.885 TWD
1 TWD = 0.092 GEL
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1 GEL = 15.411 UAH
1 UAH = 0.065 GEL
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1 GEL = 1323.985 UGX
1 UGX = 0.001 GEL
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1 GEL = 13.535 SRD
1 SRD = 0.074 GEL
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1 GEL = 7769.935 STD
1 STD = 0.000 GEL
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1 GEL = 14.973 TRY
1 TRY = 0.067 GEL
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1 GEL = 2.508 TTD
1 TTD = 0.399 GEL
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1 GEL = 0.873 TOP
1 TOP = 1.145 GEL
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1 GEL = 4650.251 UZS
1 UZS = 0.000 GEL
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1 GEL = 88.951 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 = 36.806 RSD
1 RSD = 0.027 GEL
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1 GEL = 29.305 RUB
1 RUB = 0.034 GEL
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1 GEL = 210.108 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 = 4799.838 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 = 1.073 TND
1 TND = 0.932 GEL
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1 GEL = 14.815 UYU
1 UYU = 0.068 GEL
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1 GEL = 9649.033 VND
1 VND = 0.000 GEL
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1 GEL = 43.783 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 = 206.143 XAF
1 XAF = 0.005 GEL
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1 GEL = 0.998 XCD
1 XCD = 1.002 GEL
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1 GEL = 5.364 SCR
1 SCR = 0.186 GEL
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1 GEL = 3.517 SEK
1 SEK = 0.284 GEL
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1 GEL = 0.275 SHP
1 SHP = 3.640 GEL
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1 GEL = 949.878 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 = 37.500 XPF
1 XPF = 0.027 GEL
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1 GEL = 206.143 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.