The Russian rouble was the week's clear mover: 100 roubles bought 3.1713 GEL on 7 November, down from 3.2307 GEL on 31 October, a fall of 0.0594 lari and wider than the move in any other pair in the set.

Against the US dollar the lari was close to static, trading between 2.5992 GEL on 31 October and 2.5949 GEL on 7 November — a spread of 0.0043 lari across the quoted sessions from 29 October. The euro travelled further: it rose to 2.9198 GEL on 5 November before easing to 2.8998 GEL on 7 November, below its 2.9116 GEL level on 31 October.

Regional currencies ended marginally lower against the lari. On 7 November 1000 Armenian dram was worth 7.1981 GEL and the Azerbaijani manat 1.5267 GEL, against 7.2100 and 1.5292 on 31 October, while the Turkish lira slipped to 0.0517 GEL from 0.0520.

Importers settling in euros or roubles saw slightly better terms over the period; dollar-denominated contracts were effectively unchanged.

GEL FX Georgia

Figures in this post

Every number below was checked against the source before publication.

  • FX_AMD_GEL Armenian dram to lari National Bank of Georgia
  • FX_AZN_GEL Azerbaijani manat to lari National Bank of Georgia
  • FX_EUR_GEL Euro to lari National Bank of Georgia
  • FX_RUB_GEL Russian rouble to lari National Bank of Georgia
  • FX_TRY_GEL Turkish lira to lari National Bank of Georgia
  • FX_USD_GEL US dollar to lari National Bank of Georgia

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