Exchange Rate in Georgia
Georgia - Exchange Rate
Preliminary data indicates that robust momentum carried over into the second quarter, with annual growth holding steady at Q1’s 4.9%. Upbeat activity in the real estate, trade and hospitality sectors seem to have underpinned the expansion. Moreover, the tourism sector was buoyant in Q2: Tourist arrivals—particularly from Russia—jumped and spending rose by nearly a quarter year-on-year, likely easing pressure on the current account deficit and lending further support to overall activity. Going forward, a sharp rebound in merchandise exports in July, which helped narrow the trade deficit from a year ago, signals a positive start for the third quarter. That said, Russia’s implementation of a flight ban that same month bodes ill for the crucial tourism industry and could thus weigh on the external sector in Q3.Georgia - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 1.74 | 1.88 | 2.40 | 2.66 | 2.59 |
Georgia Exchange Rate Chart
Source: Thomson Reuters.
Georgia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.96 | 0.0 % | Sep 04 |
| Stock Market | 0.1 | 0.55 % | Sep 04 |
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