Home / Economy / EXCHANGE RATE MONITORING 19.01.2015-23.01.2015 GEL Depreciates Step by Step

EXCHANGE RATE MONITORING 19.01.2015-23.01.2015 GEL Depreciates Step by Step

The first month of 2015 has recorded negative tendencies for the Georgian national currency. From January 1 to January 23 the GEL exchange rate has declined by over 5.4% and exceeded the 2.0000 point.  As to the week on week indicators, from January 19 to January 23 the GEL exchange rate against USD fell by 2% to 1.9847 point from 1.9434 point. The GEL exchange rate against EUR declined by 2.3% to 2.3076 point. The rate went down by 1.9% against GBP to 3.0138 point from 2.9565 point.

As to the YTD report, the GEL exchange rate against USD has shrunk by 5.4%, the rate fell by 0.9% against EUR, a 3.1% downturn was recorded against GBP and strengthened by 8% against Russian Ruble. As to the GEL exchange rate’s past for the last 10 years, the national currency rate against USD saw the highest indicator of 1.5628 point in 2008 and the lowest rate of 1.8147 in January 2005. The GEL exchange rate against EUR saw its ceiling of 2.1475 in January 2012 and its bottom of 2.4634 in January 2010. The GEL exchange rate against GBP saw its highest rate of 2.4491 in January 2009 and its lowest rate of 3.4156 in January 2005.

As to the YTD change of the GEL exchange rate against various currencies are as follows: