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Last updated:  Jul 25, 2024

Official Exchange Rate

Currency Quantity Exchange Rate Difference Last 7 Days
USD
USD
1 USD 2.7152 Exchange Rate Decreased 0.009 Rate
EUR
EUR
1 EUR 2.9446 Exchange Rate Decreased 0.0133 Rate
TRY
TRY
1 TRY 0.0826 Exchange Rate Decreased 0.0001 Rate
RUB
RUB
100 RUB 3.1313 0 Rate
GBP
GBP
1 GBP 3.5045 Exchange Rate Decreased 0.0073 Rate
AED
AED
10 AED 7.3929 Exchange Rate Decreased 0.0239 Rate
AMD
AMD
1000 AMD 7.0046 Exchange Rate Decreased 0.0231 Rate
AUD
AUD
1 AUD 1.7909 Exchange Rate Decreased 0.0139 Rate
AZN
AZN
1 AZN 1.5968 Exchange Rate Decreased 0.0044 Rate
BGN
BGN
1 BGN 1.5055 Exchange Rate Decreased 0.007 Rate
BRL
BRL
1 BRL 0.4861 Exchange Rate Decreased 0.0024 Rate
BYN
BYN
1 BYN 0.8313 Exchange Rate Decreased 0.0028 Rate
CAD
CAD
1 CAD 1.969 Exchange Rate Decreased 0.0105 Rate
CHF
CHF
1 CHF 3.0614 Exchange Rate Increased 0.0039 Rate
CNY
CNY
10 CNY 3.7311 Exchange Rate Decreased 0.0136 Rate
CZK
CZK
10 CZK 1.1598 Exchange Rate Decreased 0.0063 Rate
DKK
DKK
10 DKK 3.9468 Exchange Rate Decreased 0.0179 Rate
EGP
EGP
10 EGP 0.5615 Exchange Rate Decreased 0.0017 Rate
HKD
HKD
10 HKD 3.4769 Exchange Rate Decreased 0.0124 Rate
HUF
HUF
100 HUF 0.7501 Exchange Rate Decreased 0.008 Rate
ILS
ILS
10 ILS 7.4892 Exchange Rate Decreased 0.0283 Rate
INR
INR
100 INR 3.2433 Exchange Rate Decreased 0.0115 Rate
IRR
IRR
10000 IRR 0.6465 Exchange Rate Decreased 0.0021 Rate
ISK
ISK
100 ISK 1.9671 Exchange Rate Decreased 0.009 Rate
JPY
JPY
100 JPY 1.7566 Exchange Rate Increased 0.0111 Rate
KGS
KGS
100 KGS 3.2129 Exchange Rate Decreased 0.0007 Rate
KRW
KRW
1000 KRW 1.962 Exchange Rate Decreased 0.0024 Rate
KWD
KWD
1 KWD 8.879 Exchange Rate Decreased 0.0324 Rate
KZT
KZT
100 KZT 0.573 Exchange Rate Decreased 0.0017 Rate
MDL
MDL
10 MDL 1.5271 Exchange Rate Decreased 0.0092 Rate
NOK
NOK
10 NOK 2.4586 Exchange Rate Decreased 0.0167 Rate
NZD
NZD
1 NZD 1.6104 Exchange Rate Decreased 0.014 Rate
PLN
PLN
10 PLN 6.8731 Exchange Rate Decreased 0.0392 Rate
QAR
QAR
10 QAR 7.4563 Exchange Rate Decreased 0.014 Rate
RON
RON
10 RON 5.9237 Exchange Rate Decreased 0.0241 Rate
RSD
RSD
100 RSD 2.5158 Exchange Rate Decreased 0.0109 Rate
SEK
SEK
10 SEK 2.5168 Exchange Rate Decreased 0.0188 Rate
SGD
SGD
1 SGD 2.0195 Exchange Rate Decreased 0.0049 Rate
TJS
TJS
10 TJS 2.5439 Exchange Rate Decreased 0.0084 Rate
TMT
TMT
10 TMT 7.7577 Exchange Rate Decreased 0.0257 Rate
UAH
UAH
10 UAH 0.6584 Exchange Rate Decreased 0.0018 Rate
UZS
UZS
1000 UZS 0.2158 Exchange Rate Decreased 0.0006 Rate
ZAR
ZAR
10 ZAR 1.4838 Exchange Rate Decreased 0.002 Rate

Last updated : Jul 25, 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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