GEL

<p>According to exchange rates issued by National Bank of Georgia, USD to GEL exchange rates on 02.05.2014 are&nbsp;<strong>1.7700</strong>, what is up by <strong>0.0185</strong> if <a href="http://www.reinisfischer.com/living-georgia/gel-usd-exchange-rates-mid-… to middle of April</a>.</p><p><img src="http://www.reinisfischer.com/sites/default/files/graph_display.png&quot; width="710" height="340">…

It has been awhile since I last time examined GEL/USD exchange rates. Last time I did that, I was pretty worried about hidden devaluation of Georgian national currency Lari. During the past 4 years, GEL has lost its value against USD by -27.51% What are historical exchange rates (January - April 12th, 2014) (Screenshot from National Bank of Georgia) In last 3 and a half month, period Gel continues to lose its value against USD. USD 1 US Dollar 2014-01-01 1.7366 USD…

If you're keeping an eye on the exchange rates, you might have noticed that the US dollar has been steadily gaining strength and by December 2013, it reached its peak. The exchange rate for 1 Georgian Lari on December 23, 2013 was set to 1.7168 according to the National Bank of Georgia, and in Tbilisi's money exchange points, the value went even higher to 1.7300 (SELL) and 1.7200 (BUY). I've created a handy chart that shows the exchange rates for GEL from January 1, 2013 to December 23, 2013,…