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Results of GEL fluctuations in April 2020

Results of GEL fluctuations in April 2020

The Lari official exchange rate rose from 3.2845 to 3.2032 (by 2.5%) against the USD and the EUR - from 3.6363 to 3.4748 (by 4.4%).

As the National Bank of Georgia reports, in April 2020, the maximum value of the GEL against the USD totaled 3.2816, while the minimum was 3.1234.

As reported by the National Bank of Georgia, in the international currency markets, the USD gained value:

By 2.0% against the EUR,

By 6.7% against the Turkish Lira,

By 8.1% against the Russian Ruble,

By 4.0% against the Armenian Dram,

By 0.3% against the Azerbaijani Manat

As the National Bank reports, the real effective exchange rate of the GEL depreciated by 1.1%, and the nominal effective exchange rate - by 1.7% In April (compared to March 2020).

From an annual point of view, the real effective exchange rate of the GEL depreciated by 5.7%, and the nominal effective exchange rate - by 8.7% in April 2020.

The annual inflation rate hit 6.9% in April.

Information on the April annual exchange rate in neighbors of Georgia is as follows:

Turkey – 10.9%

Belarus – 5.4%

Azerbaijan – 3.0%

Ukraine – 2.1%

US – 0.3%

Russia – 3.1%

Euro-zone counties – 0.4%

Armenia – 0.9%.

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