GEL depreciates further against USD

GEL depreciates further against USD
GEL depreciates further against USD

As per the exchange rate determined by the National Bank of Georgia, the buying rate of USD 1 today is GEL 3.2988. USD 1 has so far equaled to GEL 3.2438. Accordingly, the GEL has depreciated against the USD by 0.055 points.

EUR 1 now amounts to GEL 3.8586, while EUR 1 could be bought for GEL 3.7761. Accordingly, the GEL has devalued against EUR by 0.0825 points.

The October 3 exchange rate will come into effect on November 4.

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 3.3100 on Bloomberg.

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