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base info THORChain

THORChain to Georgian Lari Converter and calculator

Convert 1THORChain (RUNE) to Georgian Lari (GEL) equals ₾ 13.7 | Bitget

GEL information

About Georgian Lari (GEL)

The Georgian Lari (GEL), introduced in 1995, is more than just the official currency of Georgia; it's a symbol of the country's resilience, sovereignty, and economic evolution. It is commonly abbreviated as GEL and represented by the symbol ₾. Emerging from the shadows of the Soviet Union, Georgia's adoption of the Lari marked a significant step towards establishing a distinct national identity and economic independence.

Historical Background

The introduction of the Lari came at a crucial juncture in Georgia's history. Following the dissolution of the Soviet Union in 1991, Georgia underwent a period of severe economic crisis and political instability. The introduction of the Lari on September 25, 1995, replaced the provisional Coupon currency and symbolized a new beginning for the Georgian economy.

Design and Symbolism

The design of the Georgian Lari reflects the country's rich cultural heritage and history. The banknotes and coins feature prominent Georgian figures from various epochs, important architectural landmarks, and traditional ornamental patterns. These designs serve not only as a medium for economic transactions but also as a celebration of Georgia's identity and pride.

Economic Role

As the primary medium of exchange in Georgia, the Lari underpins all economic activities. Georgia's economy, characterized by its agricultural sector, burgeoning tourism industry, and growing services sector, relies on the stability and value of the Lari. The currency facilitates domestic and international trade, playing a critical role in the country’s economic development.

Monetary Policy and Inflation

The National Bank of Georgia, the country's central bank, is responsible for regulating the Lari. Monetary policies focus on maintaining price stability, controlling inflation, and ensuring a stable financial system. These measures are crucial for bolstering investor confidence and sustaining economic growth.

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Bitget crypto-to-fiat exchange data shows that the most popular THORChain currency pair is the RUNE to GEL, with for THORChain's currency code being RUNE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.

RUNE to GEL conversion rate trend

1D7D1M3M1YAll
In the past 1D, THORChain has changed -4.06% to GEL. Based on the trend and price charts, THORChain(RUNE) has changed -4.06% to GEL while Georgian Lari(GEL) has changed % to RUNE in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₾13.68
0.0001% / 0.0004%vip-iconVIP
Binance
₾13.68
0.1000% / 0.1000%
Yes
Huobi
₾13.67
0.1000% / 0.1000%
Yes
Gate.io
₾13.68
0.1000% / 0.1000%
Yes
Bybit
₾13.67
0.1000% / 0.1000%
Yes
KuCoin
₾13.68
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 01:00:27(UTC+0)

What factors influence the conversion rate of THORChain to Georgian Lari?

THORChain to Georgian Lari is falling this week.
THORChain's current market price is ₾ 13.7 per RUNE, with a total market cap of ₾ 4,574,935,058.76 GEL based on a circulating supply of 334,026,530 RUNE. The trading volume of THORChain has changed by -17.49% (₾ -226,280,862.66 GEL) in the last 24 hours. Last trading day, RUNE's trading volume was ₾ 1,293,669,246.95.
Market cap
$1.71B
24h volume
$399.77M
Circulating supply
334.03M RUNE

Conversion tables

The exchange rate of THORChain is decreasing.
1 RUNE is currently valued at ₾ 13.7 GEL , which means buying 5 RUNE will cost ₾ 68.48 GEL . Similarly, ₾1 GEL can be traded for 0.07301 RUNE, and ₾50 GEL can be converted to 3.65 RUNE, excluding any platform or gas fees.
The exchange rate of 1 RUNE to Georgian Lari has changed by -33.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.06%, reaching a high of 15.13 GEL and a low of 13.24 GEL . One month ago, the value of 1 RUNE was ₾ 21.99 GEL , which represents a -37.71% change from its current value. Over the last year, THORChain has changed by
+
1.31GEL
, resulting in a change of +212.82% in its value.

RUNE to GEL

Amount
01:01 am today
0.5 RUNE
6.85
1 RUNE
13.7
5 RUNE
68.48
10 RUNE
136.96
50 RUNE
684.82
100 RUNE
1,369.63
500 RUNE
6,848.16
1000 RUNE
13,696.32

GEL to RUNE

Amount01:01 am today
0.5GEL0.03651  RUNE
1GEL0.07301  RUNE
5GEL0.3651  RUNE
10GEL0.7301  RUNE
50GEL3.65  RUNE
100GEL7.3  RUNE
500GEL36.51  RUNE
1000GEL73.01  RUNE
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Today vs. 24 hours ago

Amount01:01 am today24 hours ago24h change
0.5 RUNE$2.56$2.67
-4.06%
1 RUNE$5.13$5.35
-4.06%
5 RUNE$25.65$26.73
-4.06%
10 RUNE$51.3$53.47
-4.06%
50 RUNE$256.49$267.34
-4.06%
100 RUNE$512.97$534.68
-4.06%
500 RUNE$2,564.85$2,673.39
-4.06%
1000 RUNE$5,129.71$5,346.79
-4.06%

Today vs. 1 month ago

Amount01:01 am today1 month ago1M change
0.5 RUNE$2.56$4.12
-37.71%
1 RUNE$5.13$8.24
-37.71%
5 RUNE$25.65$41.18
-37.71%
10 RUNE$51.3$82.36
-37.71%
50 RUNE$256.49$411.8
-37.71%
100 RUNE$512.97$823.61
-37.71%
500 RUNE$2,564.85$4,118.03
-37.71%
1000 RUNE$5,129.71$8,236.06
-37.71%

Today vs. 1 year ago

Amount01:01 am today1 year ago1Y change
0.5 RUNE$2.56$0.8198
+212.82%
1 RUNE$5.13$1.64
+212.82%
5 RUNE$25.65$8.2
+212.82%
10 RUNE$51.3$16.4
+212.82%
50 RUNE$256.49$81.98
+212.82%
100 RUNE$512.97$163.96
+212.82%
500 RUNE$2,564.85$819.81
+212.82%
1000 RUNE$5,129.71$1,639.62
+212.82%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.