In the reporting period, the GEL official exchange rate gained value (from 3.2032 to 3.1761 (by 0.9%). It depreciated by 3.4748 to 3.5366 against the Euro (by 1.8%).
The maximum rate of GEL/USD exchange rate equaled 3.2106 in May, while the minimum exchange rate was 3.1761.
In international currency markets, the dollar lost value against the Euro by 2.0%.
Against Turkish Lira USD devalued by 2.3%, against Russian Ruble – by 4.5%, against Armenian Dram, it gained value by 0.9%, and against Azerbaijani Manat – by 0.5%.
The net and nominal effective exchange rates depreciated by 1.1% compared to the previous month.
From an annual point of view, the net effective exchange rate depreciated by 6.2%, while the nominal efficient exchange rate devaluated by 9.0%.
Among the trade partners of Georgia, in May, annual inflation was higher than Georgia-detected 6.5% in Turkey equalling 11.4%, and the same rate was lower in:
- Belarus – 4.9%
- Azerbaijan – 2.9%
- Ukraine – 1.7%
- US – 0.1%
- Russia – 3.0%
- European Zone – 0.1%
- Armenia – 1.2%.
Bela Gelashvili
News Author