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Last updated:  Apr 24, 2024

Official Exchange Rate

Currency Quantity Exchange Rate Difference Last 7 Days
USD
USD
1 USD 2.6802 Exchange Rate Increased 0.0073 Rate
EUR
EUR
1 EUR 2.8555 Exchange Rate Increased 0.0086 Rate
TRY
TRY
1 TRY 0.0822 Exchange Rate Increased 0.0001 Rate
RUB
RUB
100 RUB 2.867 Exchange Rate Increased 0.0042 Rate
GBP
GBP
1 GBP 3.3092 Exchange Rate Increased 0.0124 Rate
AED
AED
10 AED 7.2976 Exchange Rate Increased 0.0198 Rate
AMD
AMD
1000 AMD 6.8723 Exchange Rate Increased 0.031 Rate
AUD
AUD
1 AUD 1.7287 Exchange Rate Increased 0.0084 Rate
AZN
AZN
1 AZN 1.5762 Exchange Rate Increased 0.0043 Rate
BGN
BGN
1 BGN 1.4602 Exchange Rate Increased 0.0044 Rate
BRL
BRL
1 BRL 0.5188 Exchange Rate Increased 0.005 Rate
BYN
BYN
1 BYN 0.8206 Exchange Rate Increased 0.0022 Rate
CAD
CAD
1 CAD 1.9555 Exchange Rate Increased 0.0077 Rate
CHF
CHF
1 CHF 2.9388 Exchange Rate Increased 0.0064 Rate
CNY
CNY
10 CNY 3.6985 Exchange Rate Increased 0.0085 Rate
CZK
CZK
10 CZK 1.1301 Exchange Rate Increased 0.0036 Rate
DKK
DKK
10 DKK 3.8274 Exchange Rate Increased 0.0118 Rate
EGP
EGP
10 EGP 0.5577 Exchange Rate Increased 0.0024 Rate
HKD
HKD
10 HKD 3.4204 Exchange Rate Increased 0.0094 Rate
HUF
HUF
100 HUF 0.7248 Exchange Rate Increased 0.0028 Rate
ILS
ILS
10 ILS 7.086 Exchange Rate Decreased 0.0332 Rate
INR
INR
100 INR 3.2159 Exchange Rate Increased 0.0099 Rate
IRR
IRR
10000 IRR 0.6381 Exchange Rate Increased 0.0017 Rate
ISK
ISK
100 ISK 1.8999 Exchange Rate Increased 0.0056 Rate
JPY
JPY
100 JPY 1.7313 Exchange Rate Increased 0.0043 Rate
KGS
KGS
100 KGS 3.0054 Exchange Rate Increased 0.01 Rate
KRW
KRW
1000 KRW 1.9446 Exchange Rate Increased 0.0069 Rate
KWD
KWD
1 KWD 8.6963 Exchange Rate Increased 0.0237 Rate
KZT
KZT
100 KZT 0.6035 Exchange Rate Increased 0.0037 Rate
MDL
MDL
10 MDL 1.4971 Exchange Rate Increased 0.0024 Rate
NOK
NOK
10 NOK 2.4332 Exchange Rate Increased 0.0034 Rate
NZD
NZD
1 NZD 1.5835 Exchange Rate Increased 0.0044 Rate
PLN
PLN
10 PLN 6.6101 Exchange Rate Increased 0.0212 Rate
QAR
QAR
10 QAR 7.3505 Exchange Rate Increased 0.0098 Rate
RON
RON
10 RON 5.7388 Exchange Rate Increased 0.0176 Rate
RSD
RSD
100 RSD 2.4367 Exchange Rate Increased 0.0074 Rate
SEK
SEK
10 SEK 2.4603 Exchange Rate Increased 0.007 Rate
SGD
SGD
1 SGD 1.9664 Exchange Rate Increased 0.0046 Rate
TJS
TJS
10 TJS 2.446 Exchange Rate Increased 0.0066 Rate
TMT
TMT
10 TMT 7.6577 Exchange Rate Increased 0.0208 Rate
UAH
UAH
10 UAH 0.6771 Exchange Rate Increased 0.0048 Rate
UZS
UZS
1000 UZS 0.2109 Exchange Rate Increased 0.0004 Rate
ZAR
ZAR
10 ZAR 1.3925 Exchange Rate Decreased 0.0066 Rate

Last updated : Apr 24, 2024

Exchange Rate In Banks

TBC Bank Scroll up
Currency Buy Sell
ZAR
USD
2.5770 2.6670
ZAR
EUR
2.7620 2.8920
ZAR
GBP
3.2340 3.3740
- - -
Bank of Georgia Scroll up
Currency Buy Sell
ZAR
USD
2.57 2.67
ZAR
EUR
2.764 2.895
ZAR
GBP
3.225 3.381
ZAR
RUB
0.023 0.023
Liberty Bank Scroll up
Currency Buy Sell
ZAR
USD
2.5700 2.6700
ZAR
EUR
2.7800 2.9290
ZAR
GBP
3.2450 3.4150
ZAR
RUB
0.0246 0.0246

Exchange Rate In Kiosks

Valuto Scroll up
Currency Buy Sell
ZAR
USD
2.605 2.615
ZAR
EUR
2.785 2.805
ZAR
GBP
3.241 3.269
ZAR
RUB
0.0339 0.0339
Rico Group Scroll up
Currency Buy Sell
ZAR
USD
2.6050 2.6150
ZAR
EUR
2.7900 2.8050
ZAR
GBP
3.2350 3.2750
ZAR
RUB
0.0295 0.0335
INTELIEXPRESS Scroll up
Currency Buy Sell
ZAR
USD
2.605 2.615
ZAR
EUR
2.782 2.818
ZAR
GBP
3.233 3.304
ZAR
RUB
0.030 0.033
Crystal Scroll Down
Currency Buy Sell
ZAR
USD
2.607 2.617
ZAR
EUR
2.792 2.807
ZAR
GBP
3.225 3.275
ZAR
RUB
0.0298 0.0298
Giro Credit Scroll Down
Currency Buy Sell
ZAR
USD
2.6080 2.6150
ZAR
EUR
2.7900 2.8050
ZAR
GBP
3.2300 3.2800
ZAR
RUB
0.031 0.031
Fin Credit Scroll Down
Currency Buy Sell
ZAR
USD
2.600 2.625
ZAR
EUR
2.770 2.800
- - -
- - -

Exchange Dynamics

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Currency Exchange Rate

Currency exchange rate - this is the value of one country's currency expressed in another country's currency unit at the time of buying and selling.

For example, by selling 1 US dollar today, you will get 2.63 GEL. Yesterday, the rate of lari was less than the dollar, tomorrow it will be a different rate. Everything depends on supply and demand. On the other hand, the National Bank has a special role and responsibility for the strength and reliability of the currency.

The national currency in Georgia has been the GEL since 1995. Apart from some exceptions, GEL is the only legal means of payment. Conditionally, a tourist coming from America will have to use Georgian lari to buy any item or product.

What is currency in general? A monetary unit used in a particular country is currency is called. It is a medium of exchange, which is usually given in the form of money and coins. When you buy bread or butter at the store with paper money or a credit card, you are using currency. There are more than 170 currencies in the world and they are issued by governments or central banks.

Until the beginning of the 20th century, the world lived in a multi-currency regime. Gold, copper and silver were used instead of money. Even today, there are several countries (China, Cuba, Ecuador) where there is still a multi-currency regime. In China, Renminbi is used locally, while Yuan is used for international transactions.

Fixed or Floating Exchange Rate

A floating exchange rate applies in Georgia. During this regime, the exchange rate is formed on the basis of market supply and demand and macroeconomic factors. Currencies are bought and sold in the foreign exchange market, and whichever currency has more demand, it gets stronger. Under such conditions, free capital mobility and inflation targeting are easier.

With a fixed exchange rate, the local currency is pegged to one or more currencies of another country. Earlier, currency was converted into gold at a predetermined parity and a fixed exchange rate was maintained on the gold standard. It should be noted that until 1997, the Georgian lari was pegged to the US dollar, because there was more confidence and a feeling of stability towards the newly created lari.

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