Trade partner countries in relation to whose currencies GEL depreciates the most
At the beginning of the year, the price of one US dollar was 2.67GEL. In last four months GEL has depreciated by 6 tetri and today the exchange rate between dollar and lari equals to 2.73GEL.
In the first quarter of 2019, the nominal exchange rate of GEL increased by 0.3% against US dollar and 0.7% against euro.
According to NBG, GEL has significantly depreciated against the Russian Ruble and Turkish Lira,
Accordingly - 0.4% and 2.2%. In the same period, the nominal effective exchange rate of GEL has depreciated by 0.6% quarterly, and by 4.6% yearly. In the first quarter of 2019, the real effective exchange rate strengthened by 0.8%, and 1.4% yearly.