National Bank of Georgia exchange rate

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Last updated:  Sep 29, 2023

Official exchange rate

Currency Quantity Exchange Rate Difference Last 7 Days
USD
1 USD 2.6832 Exchange Rate Increased 0.0054 load
EUR
1 EUR 2.827 Exchange Rate Increased 0.0011 load
TRY
1 TRY 0.0979 Exchange Rate Decreased 0.0002 load
RUB
100 RUB 2.7636 Exchange Rate Decreased 0.0067 load
GBP
1 GBP 3.2719 Exchange Rate Increased 0.0197 load
AED
10 AED 7.3052 Exchange Rate Increased 0.0145 load
AMD
1000 AMD 6.8633 Exchange Rate Increased 0.003 load
AUD
1 AUD 1.7148 Exchange Rate Increased 0.0085 load
AZN
1 AZN 1.5772 Exchange Rate Increased 0.0031 load
BGN
1 BGN 1.4457 Exchange Rate Increased 0.0001 load
BRL
1 BRL 0.5319 Exchange Rate Decreased 0.0047 load
BYN
1 BYN 1.0656 Exchange Rate Increased 0.0022 load
CAD
1 CAD 1.9884 Exchange Rate Increased 0.01 load
CHF
1 CHF 2.9238 Exchange Rate Increased 0.0052 load
CNY
10 CNY 3.674 Exchange Rate Increased 0.0119 load
CZK
10 CZK 1.1586 Exchange Rate Increased 0.0038 load
DKK
10 DKK 3.7916 Exchange Rate Increased 0.0019 load
EGP
10 EGP 0.8685 Exchange Rate Increased 0.0004 load
HKD
10 HKD 3.4281 Exchange Rate Increased 0.004 load
HUF
100 HUF 0.7184 Exchange Rate Decreased 0.0036 load
ILS
10 ILS 6.9819 Exchange Rate Increased 0.0096 load
INR
100 INR 3.2253 Exchange Rate Increased 0.0079 load
IRR
10000 IRR 0.6389 Exchange Rate Increased 0.0013 load
ISK
100 ISK 1.9507 Exchange Rate Increased 0.0004 load
JPY
100 JPY 1.7969 Exchange Rate Increased 0.0021 load
KGS
100 KGS 3.0411 Exchange Rate Increased 0.0061 load
KRW
1000 KRW 1.9779 Exchange Rate Decreased 0.0065 load
KWD
1 KWD 8.6779 Exchange Rate Increased 0.0203 load
KZT
100 KZT 0.5665 Exchange Rate Increased 0.0081 load
MDL
10 MDL 1.4743 Exchange Rate Decreased 0.001 load
NOK
10 NOK 2.5024 Exchange Rate Increased 0.0188 load
NZD
1 NZD 1.5984 Exchange Rate Increased 0.0099 load
PLN
10 PLN 6.0982 Exchange Rate Decreased 0.0087 load
QAR
10 QAR 7.3585 Exchange Rate Increased 0.0049 load
RON
10 RON 5.6822 Exchange Rate Increased 0.0018 load
RSD
100 RSD 2.4125 Exchange Rate Increased 0.0006 load
SEK
10 SEK 2.4357 Exchange Rate Increased 0.006 load
SGD
1 SGD 1.9585 Exchange Rate Increased 0.0048 load
TJS
10 TJS 2.456 Exchange Rate Increased 0.0049 load
TMT
10 TMT 7.6663 Exchange Rate Increased 0.0154 load
UAH
10 UAH 0.7265 Exchange Rate Increased 0.0014 load
UZS
1000 UZS 0.2202 Exchange Rate Increased 0.0006 load
ZAR
10 ZAR 1.4013 Exchange Rate Increased 0.0025 load

Last updated: Sep 29, 2023

National Bank of Georgia exchange rate

The National Bank publishes official exchange rates no later than 17:00 on the day of calculation.

The exchange rate is determined by the National Bank according to the latest transactions and exchange rates on the local and international currency markets.

The only exception is the US dollar. The exchange rate of the GEL against the US dollar is the weighted average exchange rate calculated taking into account the spot deals concluded at the National Bank's foreign exchange auction and trading system during the reporting period.

If the National Bank does not publish an official exchange rate for any currency, it is recommended that interested parties use Lari National Bank exchange rate.

Starting in 2020, trading on the Bloomberg BMatch platform is carried out by the National Bank, commercial banks, microfinance organizations and the International Investment Fund.

The information needed for the recalculation is the information systems of "Reuters" and "Bloomberg" and the central banks of the respective countries.

Floating exchange rate and the National Bank as a market participant

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

The National Bank states that "it has no influence on the exchange rate determination process". But then why does he buy dollars from the market very often lately or why does he do the following reverse interventions?