Official exchange rates of the National Bank of Georgia
This page separates the official rates in force today from those published for tomorrow. Under the NBG’s publication rules, rates are published on business days no later than 17:00 Tbilisi time and take effect the following day.
How to read an official quote
The quantity column tells you how many currency units the quote covers. Divide the quoted GEL value by that quantity to get a rate per unit. Use the date selector for an earlier date or the converter to calculate an amount.
The official rate is a reference, not a mandatory retail exchange price. Compare a bank’s or exchange office’s buy and sell quotes for an actual transaction.
Questions and answers
When does the NBG publish a new official rate?
Under the NBG’s rules, rates are published on business days no later than 17:00 Tbilisi time and take effect the following day. The publication date and effective date are different.
Which official rate applies on a non-working day?
The last effective rate applies until a new one replaces it. Normally, Friday’s publication applies on Saturday, Sunday and Monday. Select the exact date you need in the archive.
How is the official rate calculated?
The dollar rate uses a weighted average of eligible trades registered during the calculation period. Other currency rates are derived from the dollar rate and relevant international or domestic market data.
Why are some rates quoted per 100 or 1,000 units?
The NBG uses different quotation quantities for different currencies. The table shows the quantity beside the rate. Divide by that quantity for a per-unit value; the converter accounts for it automatically.
Must a bank exchange money at the official rate?
No. The official rate is indicative, not a mandatory commercial exchange price. Its compulsory use is limited to specific legal requirements. Banks and exchange offices set their own buy and sell rates.
Does every currency’s history start in 1996?
No. The archive begins in 1996, but early years cover fewer currencies. Each currency’s history includes only the period for which data is available; a blank value does not mean a zero rate.
