Methodology
This page explains where the numbers on Myvaluta.ge come from and what we do before showing them.
Official rates
Official rates come from the public data service of the National Bank of Georgia. On business days the National Bank publishes, at about 17:00 Tbilisi time, the rates that come into force the next day. We therefore keep two sets apart: the rate in force today and the rate published for tomorrow. Tomorrow’s rate is shown only after the National Bank has published it — it is never guessed. On weekends and public holidays the last published rate stays in force.
We check the National Bank every five minutes around publication time and every hour otherwise. The archive of official rates is complete from 1996.
Rates of banks and exchange offices
Commercial rates are read from the official site or the public data feed of each bank and exchange office — the same numbers a visitor of that site sees. Between 08:00 and 21:00 Tbilisi time a source is checked every 5, 10, 15 or 30 minutes — the page of each bank and exchange office says which — and at night every 30 minutes.
Where a bank publishes separate rates for its branches and for its mobile or internet bank, we show both: “in branch” and “in app”.
Before a rate is shown it has to pass checks: the buy rate must be lower than the sell rate, both must lie within a plausible distance of the official rate, and a sudden jump of more than 5% has to be confirmed by the next reading. A value that fails is not published; the last good value stays, with its own time.
Freshness
Every rate carries the time it was last confirmed at the source.
- Confirmed within the last 60 minutes: the rate is fresh.
- Older than 60 minutes: it is marked stale, shown in muted colour, and never counts as the best rate.
- Older than 24 hours: it is removed from the comparisons until the source answers again.
The “status of sources” block on the home page shows when each provider last answered.
Best rate
The best rate is calculated among fresh cash rates only. The best buy rate is the highest price a provider pays for your currency; the best sell rate is the lowest price at which a provider sells it. When several providers share the best value, all of them are named. The comparison tables on the bank, exchange-office and currency pages are sorted by the rate and the overview on the home page keeps a fixed order of providers.
Converter
The converter calculates with exact decimal arithmetic. With the official rate, a conversion works the same in both directions. With the rates of a bank or exchange office it uses the buy rate when you sell a currency and the sell rate when you buy one; a conversion between two foreign currencies goes through the lari, exactly as it would at the counter.
Crypto prices
Crypto prices in US dollars come from CoinGecko, with CoinPaprika as a reserve source, and are refreshed every 10 minutes. The price in lari is the dollar price multiplied by today’s official dollar rate.
Dates and time
All dates and times on the site are Tbilisi time (UTC+4).
For banks and exchange offices
Our collector identifies itself as MyvalutaBot and asks for a rates page or feed at the low frequency described above. Rates are facts, and we show them with the provider’s name and a link to its official site. If you represent a provider and want to correct something, to give us an official data feed, or to be removed from the site, write to info@myvaluta.ge — we answer quickly.
Disclaimer
Rates are published for information and may differ from the rate applied at a particular branch or at a particular moment. Confirm the rate with the provider before a transaction.