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GEL depreciated sharply against both currencies today

GEL depreciated sharply against both currencies today
GEL depreciated sharply against both currencies today

Per the exchange rate determined by the National Bank of Georgia, the buying rate of USD 1 today is GEL 3.3718. USD 1 has so far equaled to GEL 3.3473. Accordingly, the GEL has depreciated against the USD by 0.0245 points.

EUR 1 now amounts to GEL 3.9733, while EUR 1 could be bought for GEL 3.9545. Accordingly, the GEL has depreciated against EUR by 0.0188 points.

The March 26 exchange rate will come into effect on March 27, and will be valid until 17:00 pm, March 29.

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 3.3711 on Bloomberg.     

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