TransferWise

How To Transfer USD to GEL (and many other currencies) Using TransferWise

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In March 2020, GEL/USD exchange rates dropped to 1 USD = GEL 3.4 (I still remember days, when rates were 1 USD, equaled 1.74 GEL). Most of the banks (if not all) act as market makers or they buy low and sell high. A normal business practice. If GEL…