Since The Beginning Of The Year, Lari Has Been Strengthening Against USD

Since The Beginning Of The Year, Lari Has Been Strengthening Against USD

In June, the National Bank of Georgia has held four currency auctions and purchased total of 70 mln US dollars. According to the data, provided by the National Bank of Georgia, the actual effective exchange rate of GEL within the accounting period has depreciated by 0,5%, and nominal effective exchange rate – by 0,1%.

In June, official exchange rate of GEL to USD has dropped from 2.4274 to 2.4072, which means that it has strengthened by 0.8%. Since the beginning of the year, GEL to USD exchange rate has changed from 2,64 to 2,40, i.e.< it has strengthened by 9,3%.

As to other currencies, since the beginning of the year, the price for one euro has changed from 2.7940 GEL to 2.8110 GEL.

At the beginning of the year, the price for one Russian ruble was 4.2999 GEL and changed to 4.0362 GEL over 7 months.

The value of one Turkish lira at the beginning of the year was 0.7504 GEL and it has changed to 0.6783 GEL. 

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