Georgian Lari

The Georgian Lari increased to 1.75 in April from 1.74 in March of 2014. Georgian Lari averaged 1.74 from 1995 until 2014, reaching an all time high of 2.45 in February of 1999 and a record low of 1.23 in December of 1995. The USDGEL spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the GEL. While the USDGEL spot exchange rate is quoted and exchanged in the same day, the USDGEL forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Georgian Lari - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.75 1.74 2.45 1.23 1.76 | 2014/05 1995 - 2014 Daily

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Georgian Lari
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Markets Last Previous Highest Lowest Forecast Unit
Currency 1.75 2014-04-23 1.74 2.45 1.23 1.76 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Georgia Changes in Inventories at 300.70 GEL Million  
Changes in Inventories in Georgia increased to 300.70 GEL Million in the fourth quarter of 2013 from 140.90 GEL Million in the third quarter of 2013. Changes in Inventories in Georgia is reported by the National Statistics Office of Georgia.
Georgia Consumer Price Index (CPI) at 157.71 Index Points  
Consumer Price Index (CPI) in Georgia decreased to 157.71 Index Points in March of 2014 from 157.87 Index Points in February of 2014. Consumer Price Index (CPI) in Georgia is reported by the National Bank of Georgia.
Georgia Consumer Spending at 5356.30 GEL Million  
Consumer Spending in Georgia increased to 5356.30 GEL Million in the fourth quarter of 2013 from 4561.50 GEL Million in the third quarter of 2013. Consumer Spending in Georgia is reported by the National Statistics Office of Georgia.
Georgia Current Account at -426.55 USD Million  
Georgia recorded a Current Account deficit of 426.55 USD Million in the fourth quarter of 2013. Current Account in Georgia is reported by the National Bank of Georgia.
Georgia Employed Persons at 507.40 Thousand  
The number of employed persons in Georgia increased to 507.40 Thousand in the third quarter of 2013 from 503.50 Thousand in the second quarter of 2013. Employed Persons in Georgia is reported by the National Statistics Office of Georgia.
Georgia GDP Constant Prices at 4221.00 GEL Million  
GDP Constant Prices in Georgia increased to 4221 GEL Million in the fourth quarter of 2013 from 3897.80 GEL Million in the third quarter of 2013. GDP Constant Prices in Georgia is reported by the National Statistics Office of Georgia.
Georgia GDP Deflator at 99.35 Index Points  
GDP Deflator in Georgia increased to 99.35 Index Points in the fourth quarter of 2013 from 99.24 Index Points in the third quarter of 2013. GDP Deflator in Georgia is reported by the National Statistics Office of Georgia.
Georgia Government Spending at 1394.90 GEL Million  
Government Spending in Georgia increased to 1394.90 GEL Million in the fourth quarter of 2013 from 1060.90 GEL Million in the third quarter of 2013. Government Spending in Georgia is reported by the National Statistics Office of Georgia.
Georgia Gross Fixed Capital Formation at 1698.90 GEL Million  
Gross Fixed Capital Formation in Georgia increased to 1698.90 GEL Million in the fourth quarter of 2013 from 1665.60 GEL Million in the third quarter of 2013. Gross Fixed Capital Formation in Georgia is reported by the National Statistics Office of Georgia.
Georgia Average Monthly Wages at 875.46 GEL  
Wages in Georgia increased to 875.46 GEL in the fourth quarter of 2013 from 799.83 GEL in the third quarter of 2013. Wages in Georgia is reported by the National Statistics Office of Georgia.
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