Bitget converter provides VELAAI to GEL real-time exchange rates, making it easy to convert VELAAI (VELAAI) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 VELAAI is currently valued at 0.008942 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 VELAAI is currently valued at 0.008942 GEL, which means buying 5 VELAAI would cost 0.04471 GEL. Similarly, ₾1 GEL can be converted to 111.84 VELAAI, and ₾50 GEL can be converted to 559.18 VELAAI, excluding any platform or gas fees.
Conversion rates
Convert VELAAI to GEL
Convert GEL to VELAAI
VELAAI
Georgian Lari
1 VELAAI
0.008942 GEL
Exchange 1 VELAAI for 0.008942 GEL
2 VELAAI
0.01788 GEL
Exchange 2 VELAAI for 0.01788 GEL
5 VELAAI
0.04471 GEL
Exchange 5 VELAAI for 0.04471 GEL
10 VELAAI
0.08942 GEL
Exchange 10 VELAAI for 0.08942 GEL
20 VELAAI
0.1788 GEL
Exchange 20 VELAAI for 0.1788 GEL
50 VELAAI
0.4471 GEL
Exchange 50 VELAAI for 0.4471 GEL
100 VELAAI
0.8942 GEL
Exchange 100 VELAAI for 0.8942 GEL
200 VELAAI
1.79 GEL
Exchange 200 VELAAI for 1.79 GEL
500 VELAAI
4.47 GEL
Exchange 500 VELAAI for 4.47 GEL
1000 VELAAI
8.94 GEL
Exchange 1000 VELAAI for 8.94 GEL
5000 VELAAI
44.71 GEL
Exchange 5000 VELAAI for 44.71 GEL
10000 VELAAI
89.42 GEL
Exchange 10000 VELAAI for 89.42 GEL
In the table above, you'll find a comprehensive VELAAI to GEL converter that shows the value of VELAAI in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 VELAAI to GEL, all the way up to 10000 VELAAI, providing a clear view of their respective values.
Georgian Lari
VELAAI
1 GEL
111.84 VELAAI
Exchange 1 GEL for 111.84 VELAAI
10 GEL
1,118.35 VELAAI
Exchange 10 GEL for 1,118.35 VELAAI
50 GEL
5,591.76 VELAAI
Exchange 50 GEL for 5,591.76 VELAAI
100 GEL
11,183.53 VELAAI
Exchange 100 GEL for 11,183.53 VELAAI
200 GEL
22,367.05 VELAAI
Exchange 200 GEL for 22,367.05 VELAAI
500 GEL
55,917.63 VELAAI
Exchange 500 GEL for 55,917.63 VELAAI
1000 GEL
111,835.27 VELAAI
Exchange 1000 GEL for 111,835.27 VELAAI
2000 GEL
223,670.53 VELAAI
Exchange 2000 GEL for 223,670.53 VELAAI
5000 GEL
559,176.33 VELAAI
Exchange 5000 GEL for 559,176.33 VELAAI
10000 GEL
1,118,352.66 VELAAI
Exchange 10000 GEL for 1,118,352.66 VELAAI
50000 GEL
5,591,763.32 VELAAI
Exchange 50000 GEL for 5,591,763.32 VELAAI
100000 GEL
11,183,526.63 VELAAI
Exchange 100000 GEL for 11,183,526.63 VELAAI
In the table above, you'll find a comprehensive GEL to VELAAI converter that shows the value of Georgian Lari in VELAAI across commonly used conversion amounts. The list covers conversions from 1 GEL to VELAAI, all the way up to 100000 GEL, providing a clear view of their respective values.
In the past 1D, VELAAI has changed +11.00% to GEL. Based on the trend and price charts, VELAAI(VELAAI) has changed +11.00% to GEL while Georgian Lari(GEL) has changed % to VELAAI in the last 24 hours.
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VELAAI to GEL conversion data: Volatility and price changes of VELAAI in GEL
The highest VELAAI price in GEL over the past 7 days was 0.01050 GEL while the lowest VELAAI price in GEL over the past 7 days was 0.006830 GEL. The relative change between the highs and lows in VELAAI price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and VELAAI to GEL prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours
Last 7 days
Last 30 days
Last 90 days
High
0.009832 GEL
0.01050 GEL
0.01898 GEL
0.04484 GEL
Low
0.007972 GEL
0.006830 GEL
0.006519 GEL
0.006179 GEL
Average
0 GEL
0 GEL
0 GEL
0 GEL
Volatility
%
%
%
%
Change
+11.00%
+24.11%
+6.47%
-77.61%
Buy
Sell
Buy VELAAI (or USDT) for GEL (Georgian Lari) offers
VELAAI's current market price is ₾0.008942 per VELAAI, with a total market cap of ₾0 GEL based on a circulating supply of -- VELAAI. The trading volume of VELAAI has changed by +806.47% (₾39,893.98 GEL) in the last 24 hours. Last trading day, VELAAI's trading volume was ₾4,946.74.
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.
Bitget crypto-to-fiat exchange data shows that the most popular VELAAI currency pair is the VELAAI to GEL, with for VELAAI's currency code being VELAAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.
The exchange rate of 1 VELAAI to Georgian Lari has changed by +24.11% in the last 7 days. In the last 24 hours, the rate has fluctuated by +11.00%, reaching a high of 0.009832 GEL and a low of 0.007972 GEL . One month ago, the value of 1 VELAAI was ₾0.008398 GEL , which represents a +6.47% change from its current value. Over the last year, VELAAI has changed by
+₾
0.008943GEL
, resulting in a change of -75.35% in its value.
24 hours ago1 month ago1 year ago
Amount
19:17 today
24 hours ago
24h change
0.5 VELAAI
₾0.004471
₾0.004028
+11.00%
1 VELAAI
₾0.008942
₾0.008056
+11.00%
5 VELAAI
₾0.04471
₾0.04028
+11.00%
10 VELAAI
₾0.08942
₾0.08056
+11.00%
50 VELAAI
₾0.4471
₾0.4028
+11.00%
100 VELAAI
₾0.8942
₾0.8056
+11.00%
500 VELAAI
₾4.47
₾4.03
+11.00%
1000 VELAAI
₾8.94
₾8.06
+11.00%
VELAAI to GEL FAQ
How much is 1 VELAAI in GEL?
Right now, the price of 1 VELAAI (VELAAI) in Georgian Lari (GEL) is ₾0.008942.
How much VELAAI can I buy for 1 GEL?
Based on the current exchange rate, you can get 111.84 VELAAI for 1 GEL.
How do I calculate or convert VELAAI to GEL?
You can use our VELAAI to GEL calculator at the top of this page to convert any amount of VELAAI to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 559.18 VELAAI, while 5 VELAAI will cost around 0.04471GEL.
What is the highest price of VELAAI/GEL in history?
The all-time high price of 1 VELAAI in GEL is ₾3.73. It remains to be seen if the value of 1 VELAAI/GEL will exceed the current all-time high.
What is the price trend of VELAAI in GEL?
Over the past 7 days, the exchange rate of VELAAI (VELAAI) has gone up by 24.11%.
Over the last month, the exchange rate of VELAAI (VELAAI) has gone up by 6.47% against Georgian Lari (GEL).
What factors influence the conversion rate of VELAAI to GEL?
There are many factors that affect the relationship between VELAAI and Georgian Lari, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of VELAAI/GEL. When there is positive news in the market about the widespread adoption of VELAAI or major technological breakthroughs, it tends to trigger market optimism and drive the rise of VELAAI/GEL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in VELAAI/GEL.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of VELAAI/GEL. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of VELAAI and adjust their investment strategies accordingly in the evolving market.
Bitget crypto-to-fiat exchange data shows the popular VELAAI currency pairs: VELAAI to US Dollar (USD), VELAAI to Euro (EUR), VELAAI to Pound Sterling (GBP), VELAAI to Canadian Dollar (CAD), VELAAI to Indian Rupee (INR), VELAAI to Pakistani Rupee (PKR), VELAAI to Brazilian Real (BRL), VELAAI to… The price of VELAAI in the US is $0.003292 USD. Additionally, VELAAI’s price is €0.002802 EUR in the eurozone, £0.002415 GBP in the UK, C$0.004537 CAD in Canada, ₹0.2901 INR in India, ₨0.9346 PKR in Pakistan, R$0.01753 BRL in Brazil, and more. The most popular VELAAI currency pair is the VELAAI to Georgian Lari(GEL). The price of 1 VELAAI (VELAAI) in Georgian Lari (GEL) is ₾0.008942.
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.