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VeChain to Georgian Lari Converter and calculator

Convert 1VeChain (VET) to Georgian Lari (GEL) equals ₾ 0.1124 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of VeChain(VET) to Georgian Lari(GEL). This is the real-time data. The current conversion shows 1 VET at a value of 1 VET for 0.11 GEL . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 VeChain currency pair is the VET to GEL, with for VeChain's currency code being VET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.

VET to GEL conversion rate trend

1D7D1M3M1YAll
In the past 1D, VeChain has changed +0.63% to GEL. Based on the trend and price charts, VeChain(VET) has changed +0.63% to GEL while Georgian Lari(GEL) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₾0.1124
0.0001% / 0.0004%vip-iconVIP
Binance
₾0.1129
0.1000% / 0.1000%
Yes
Huobi
₾0.1129
0.1000% / 0.1000%
Yes
Gate.io
₾0.1129
0.1000% / 0.1000%
Yes
KuCoin
₾0.1129
0.1000% / 0.1000%
Yes
Bitfinex
₾0.1145
0.1000% / 0.1000%
Yes
Last updated 2024/04/24 08:00:36(UTC+0)

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

VeChain to Georgian Lari is rising this week.
VeChain's current market price is ₾ 0.1124 per VET, with a total market cap of ₾ 8,172,600,341.96 GEL based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by +9.36% (₾ 15,301,128.99 GEL) in the last 24 hours. Last trading day, VET's trading volume was ₾ 163,508,538.09.
Market cap
$3.06B
24h volume
$66.84M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is decreasing.
1 VET is currently valued at ₾ 0.1124 GEL , which means buying 5 VET will cost ₾ 0.5620 GEL . Similarly, ₾1 GEL can be traded for 8.9 VET, and ₾50 GEL can be converted to 444.87 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Georgian Lari has changed by +4.45% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.63%, reaching a high of 0.1156 GEL and a low of 0.1110 GEL . One month ago, the value of 1 VET was ₾ 0.1153 GEL , which represents a -2.55% change from its current value. Over the last year, VeChain has changed by
+
0.05452GEL
, resulting in a change of +94.12% in its value.

VET to GEL

Amount
09:48 am today
0.5 VET
0.05620
1 VET
0.1124
5 VET
0.5620
10 VET
1.12
50 VET
5.62
100 VET
11.24
500 VET
56.2
1000 VET
112.39

GEL to VET

Amount09:48 am today
0.5GEL4.45  VET
1GEL8.9  VET
5GEL44.49  VET
10GEL88.97  VET
50GEL444.87  VET
100GEL889.74  VET
500GEL4,448.68  VET
1000GEL8,897.35  VET
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Today vs. 24 hours ago

Amount09:48 am today24 hours ago24h change
0.5 VET$0.02101$0.02088
+0.63%
1 VET$0.04202$0.04175
+0.63%
5 VET$0.2101$0.2088
+0.63%
10 VET$0.4202$0.4175
+0.63%
50 VET$2.1$2.09
+0.63%
100 VET$4.2$4.18
+0.63%
500 VET$21.01$20.88
+0.63%
1000 VET$42.02$41.75
+0.63%

Today vs. 1 month ago

Amount09:48 am today1 month ago1M change
0.5 VET$0.02101$0.02156
-2.55%
1 VET$0.04202$0.04312
-2.55%
5 VET$0.2101$0.2156
-2.55%
10 VET$0.4202$0.4312
-2.55%
50 VET$2.1$2.16
-2.55%
100 VET$4.2$4.31
-2.55%
500 VET$21.01$21.56
-2.55%
1000 VET$42.02$43.12
-2.55%

Today vs. 1 year ago

Amount09:48 am today1 year ago1Y change
0.5 VET$0.02101$0.01082
+94.12%
1 VET$0.04202$0.02163
+94.12%
5 VET$0.2101$0.1082
+94.12%
10 VET$0.4202$0.2163
+94.12%
50 VET$2.1$1.08
+94.12%
100 VET$4.2$2.16
+94.12%
500 VET$21.01$10.82
+94.12%
1000 VET$42.02$21.63
+94.12%

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.