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Obyte to Georgian Lari Converter and calculator

Convert 1Obyte (GBYTE) to Georgian Lari (GEL) equals ₾ 19.95 | 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 Obyte(GBYTE) to Georgian Lari(GEL). This is the real-time data. The current conversion shows 1 GBYTE at a value of 1 GBYTE for 19.95 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 Obyte currency pair is the GBYTE to GEL, with for Obyte's currency code being GBYTE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.

GBYTE to GEL conversion rate trend

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In the past 1D, Obyte has changed +0.33% to GEL. Based on the trend and price charts, Obyte(GBYTE) has changed +0.33% to GEL while Georgian Lari(GEL) has changed % to GBYTE in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₾19.94
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/11/24 16:30:50(UTC+0)

How to buy Obyte

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Obyte (GBYTE)
Use a variety of payment options to buy Obyte on Bitget. We'll show you how.

Buy GBYTE (or USDT) for GEL (Georgian Lari) offers

Bitget P2P trading does not currently support direct buying of GBYTE with GEL. However, you can buy USDT in Bitget P2P trading first, and then buy GBYTE with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell GBYTE (or USDT) for GEL (Georgian Lari) offers

Bitget P2P trading currently does not support direct selling of GBYTE to GEL. However, you can first exchange GBYTE for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
No matching ads found.

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

Obyte to Georgian Lari is rising this week.
Obyte's current market price is ₾ 19.95 per GBYTE, with a total market cap of ₾ 17,385,007.62 GEL based on a circulating supply of 871,246.44 GBYTE. The trading volume of Obyte has changed by -94.35% (₾ -7,014.99 GEL) in the last 24 hours. Last trading day, GBYTE's trading volume was ₾ 7,435.12.
Market cap
$6.34M
24h volume
$153.32889722
Circulating supply
871.25K GBYTE

Conversion tables

The exchange rate of Obyte is increasing.
1 GBYTE is currently valued at ₾ 19.95 GEL , which means buying 5 GBYTE will cost ₾ 99.77 GEL . Similarly, ₾1 GEL can be traded for 0.05011 GBYTE, and ₾50 GEL can be converted to 2.51 GBYTE, excluding any platform or gas fees.
The exchange rate of 1 GBYTE to Georgian Lari has changed by +10.38% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.33%, reaching a high of 19.97 GEL and a low of 19.85 GEL . One month ago, the value of 1 GBYTE was ₾ 17.65 GEL , which represents a +13.07% change from its current value. Over the last year, Obyte has changed by
+
2.49GEL
, resulting in a change of +14.23% in its value.

GBYTE to GEL

Amount
17:28 today
0.5 GBYTE
9.98
1 GBYTE
19.95
5 GBYTE
99.77
10 GBYTE
199.54
50 GBYTE
997.71
100 GBYTE
1,995.42
500 GBYTE
9,977.09
1000 GBYTE
19,954.18

GEL to GBYTE

Amount17:28 today
0.5GEL0.02506  GBYTE
1GEL0.05011  GBYTE
5GEL0.2506  GBYTE
10GEL0.5011  GBYTE
50GEL2.51  GBYTE
100GEL5.01  GBYTE
500GEL25.06  GBYTE
1000GEL50.11  GBYTE

Today vs. 24 hours ago

Amount17:28 today24 hours ago24h change
0.5 GBYTE$3.64$3.63
+0.33%
1 GBYTE$7.28$7.26
+0.33%
5 GBYTE$36.41$36.29
+0.33%
10 GBYTE$72.83$72.58
+0.33%
50 GBYTE$364.13$362.92
+0.33%
100 GBYTE$728.25$725.83
+0.33%
500 GBYTE$3,641.27$3,629.17
+0.33%
1000 GBYTE$7,282.55$7,258.35
+0.33%

Today vs. 1 month ago

Amount17:28 today1 month ago1M change
0.5 GBYTE$3.64$3.22
+13.07%
1 GBYTE$7.28$6.44
+13.07%
5 GBYTE$36.41$32.2
+13.07%
10 GBYTE$72.83$64.41
+13.07%
50 GBYTE$364.13$322.03
+13.07%
100 GBYTE$728.25$644.07
+13.07%
500 GBYTE$3,641.27$3,220.35
+13.07%
1000 GBYTE$7,282.55$6,440.69
+13.07%

Today vs. 1 year ago

Amount17:28 today1 year ago1Y change
0.5 GBYTE$3.64$3.19
+14.23%
1 GBYTE$7.28$6.38
+14.23%
5 GBYTE$36.41$31.88
+14.23%
10 GBYTE$72.83$63.75
+14.23%
50 GBYTE$364.13$318.76
+14.23%
100 GBYTE$728.25$637.51
+14.23%
500 GBYTE$3,641.27$3,187.57
+14.23%
1000 GBYTE$7,282.55$6,375.14
+14.23%

Obyte price prediction

What will the price of GBYTE be in 2025?

Based on GBYTE's historical price performance prediction model, the price of GBYTE is projected to reach $9.52 in 2025.

What will the price of GBYTE be in 2030?

In 2030, the GBYTE price is expected to change by -20.00%. By the end of 2030, the GBYTE price is projected to reach $22.13, with a cumulative ROI of +199.06%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Obyte and GEL.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Obyte and GEL. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Obyte in GEL, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.