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EXCHANGE RATE MONITORING (24.01.2014-28.11.2014)

The GEL exchange rate against USD has considerably shrunk week on week. The rate declined by 2.3% to 1.8367 point from 1.7938 point grom November 24 to November 28.

The GEL exchange rate against EUR fell by 2.6% to 2.2905 point from 2.2313 point. As to GBP, on November 24 the national currency stood at 2.8111 against GBP, while the rate fell to 2.8641 point by November 28.

At the same time, the GEL exchange rate strengthened against Ruble by 2% from 3.9172 point to 3.8535 point.

As to the YTD correlation, the GEL exchange rate against USD has shrunk by 5.7% since January 2014, but the rate strengthened by 4.3% against EUR, fell by 0.8% against GBP and rose by 28% against Ruble.

As to the national currency rate in the same period for the last 10 years, the highest rate stood at 1.6215 against USD on November 28, 2007 and the lowest 1.7900 emerged on November 28, 2005.

The highest GEL rate against EUR stood at 2.1136 on November 28. 2005 and the lowest 2.4976 was registered in November 2009.

The highest GEL exchange rate against GBP was registered at 3.3589 on November 28, 2004 and the lowest 2.5400 emerged on November 28, 2008.

The GEL exchange rate changes against various currencies are as follows: