National bank of Georgia

GEL to USD exchange rates start of May

According to exchange rates issued by National Bank of Georgia, USD to GEL exchange rates on 02.05.2014 are 1.7700, what is up by 0.0185 if compared to middle of April.Since start of this year GEL has lost already 0.0334 from its…

GEL to USD exchange rates Mid - April 2014

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 -…

GEL continues to be weak against USD - is it time to start get worried?

At the end of december I made post about that Georgian lari continues to be weak agains USD. Today I decided to see what exchange rates are for today (07.01.2014)And for my surprise GEL CONTINUES to be weak against USD, so much, that for…

GEL continues to be weak against USD

Exchange rates for 1 Georgian Lari on December 23.12.2013 has been set to 1.7168 according to National Bank of Georgia. In Tbilisi money exchange points, the value goes even higher to 1.7300 (SELL) and 1.7200 (BUY). I have created a chart…