According to the currency exchange rate determined by the National Bank of Georgia, today, 1 US dollar exchange rate is GEL 2.7735. Yesterday it was possible to buy $ 1 for 2.7860. These numbers mean that the GEL rate strengthened by 0.0125 against the dollar.
One euro can be purchased for GEL 3.0969, while yesterday, 1 euro cost GEL 3.1064. Consequently, GEL strengthened by 0.0095 points against the euro.
The exchange rate set today will be effective from March 6.
In the Bloomberg Trading System, $ 1 trades at GEL 2.7737.
Bloomberg's trading system is a major trading platform for financial institutions, with both commercial banks and large microfinance organizations trading from Georgia. The National Bank of Georgia sets the official rate of the national currency as a result of trading in the Bloomberg system at 17:00.