Convert Georgian Lari to Australian Dollar
Please provide values below to convert Georgian Lari [GEL] to Australian Dollar [AUD], or Convert Australian Dollar to Georgian Lari.
How to Convert Georgian Lari to Australian Dollar
1 GEL = 1.77177609207429 AUD
Example: convert 15 GEL to AUD:
15 GEL = 15 × 1.77177609207429 AUD = 26.5766413811143 AUD
Georgian Lari to Australian Dollar Conversion Table
| Georgian Lari | Australian Dollar |
|---|
Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.