Exchange Rate in Georgia

Georgia Exchange Rate | Economic News & Forecasts

Georgia - Exchange Rate

The economy seems to have rebounded in Q2, after GDP contracted at a softer pace in Q1, although the base effect was mostly behind the upturn. Economic activity jumped by nearly a third on an annual basis, bolstered by the easing of lockdown measures which likely rejuvenated household consumption, while looser travel restrictions and sturdier foreign demand boosted the external sector. Turning to Q3, the picture appears to be mixed: A surge in Covid-19 cases in August forced authorities to reintroduce some lockdown measures, which has likely weighed on activity. That said, a quickening vaccine deployment in early September bodes well for recovery towards the end of Q3. Meanwhile, Fitch Ratings revised the outlook of Georgia's BB credit rating to stable from negative, citing improved macroeconomic stability and more sustainable public finances thanks to a credible policy framework.

Georgia - Exchange Rate Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)2.40  2.66  2.59  2.68  2.86  

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Georgia Exchange Rate Chart

Georgia Exchange Rate
Note: Exchange Rate (vs USD)
Source: Thomson Reuters.

Georgia Facts

Value Change Date
Exchange Rate2.860.0 %Jan 01
Stock Market0.10.55 %Jan 07

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