Per the exchange rate determined by the National Bank of Georgia, on May 11 the buying rate of USD 1 is GEL 3.4271. EUR 1 now amounts to GEL 4.1656. Consequently, the GEL exchange rate remained unchanged against both the dollar and the euro.
The National Bank of Georgia determines the national currency's official exchange rate at 17:00 after trading with currencies in an international trading system Bloomberg.
Bloomberg trading system is the main trading platform of the world's financial institutions, in which both commercial banks and large microfinance organizations trade from Georgia.
At the moment, 1 dollar equals GEL 3.4245 on Bloomberg.