Average FX rate to USD rose 7.08% yoy to 2.74 per USD in Georgia in 2Q2024, according to the National Statistical Office. This is 2.58% more than in the previous quarter.
Historically, Average FX rate to USD in Georgia reached an all time high of 3.33 per USD in 2Q2021 and an all time low of 1.25 per USD in 1Q1996. When compared to Georgia's main peers, Average FX rate to USD in Armenia amounted to 389 per USD, 1.70 per USD in Azerbaijan, 90.6 per USD in Russia and 32.3 per USD in Turkey in 2Q2024.
Georgia has been ranked 91st within the group of 134 countries we follow in terms of Average FX rate to USD, 35 places above the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
| Armenia | per USD | 393 | 387 | 387 | 404 | 403 | ||||||||||||||||
| Azerbaijan | per USD | 1.70 | 1.70 | 1.70 | 1.70 | 1.70 | ||||||||||||||||
| Bulgaria | per USD | 1.82 | 1.80 | 1.80 | 1.82 | 1.80 | ||||||||||||||||
| China | per USD | 6.84 | 7.02 | 7.25 | 7.23 | 7.19 | ||||||||||||||||
| Georgia | per USD | 2.64 | 2.56 | 2.62 | 2.69 | 2.67 | ||||||||||||||||
| Germany | per USD | 0.932 | 0.919 | 0.919 | 0.930 | 0.921 | ||||||||||||||||
| Greece | per USD | 0.932 | 0.919 | 0.919 | 0.930 | 0.921 | ||||||||||||||||
| Iran | per USD | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | ... | ... | ||||||||||||||
| Iraq | per USD | 1,350 | 1,300 | 1,300 | 1,300 | 1,300 | ... | |||||||||||||||
| Japan | per USD | 132 | 137 | 144 | 148 | 149 | ||||||||||||||||
| Russia | per USD | 72.8 | 81.0 | 94.1 | 92.8 | 90.8 | ... | |||||||||||||||
| Turkey | per USD | 18.9 | 20.8 | 26.8 | 28.5 | 30.9 | ... | |||||||||||||||
| USA | per USD | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
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