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VES to GEL Converter and calculator

VES/GEL: 1 VES = 0.005047 GEL. The price of converting 1 Vestate (VES) to Georgian Lari (GEL) is 0.005047 GEL today.
VES
VES
GEL
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides VES to GEL real-time exchange rates, making it easy to convert Vestate (VES) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 VES is currently valued at 0.01 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 VES is currently valued at 0.01 GEL, which means buying 5 VES would cost 0.03 GEL. Similarly, ₾1 GEL can be converted to 198.14 VES, and ₾50 GEL can be converted to 990.71 VES, excluding any platform or gas fees.

Convert VES to GEL

Convert GEL to VES

Vestate
Georgian Lari
In the table above, you'll find a comprehensive VES to GEL converter that shows the value of Vestate in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 VES to GEL, all the way up to 10000 VES, providing a clear view of their respective values.
Georgian Lari
Vestate
1000 GEL
198,142.41 VES
2000 GEL
396,284.81 VES
5000 GEL
990,712.04 VES
10000 GEL
1,981,424.07 VES
50000 GEL
9,907,120.35 VES
100000 GEL
19,814,240.7 VES
In the table above, you'll find a comprehensive GEL to VES converter that shows the value of Georgian Lari in Vestate across commonly used conversion amounts. The list covers conversions from 1 GEL to VES, all the way up to 100000 GEL, providing a clear view of their respective values.

VES to GEL chart

VES/GEL: 1 VES = 0.005047 GEL; 2025/05/05 00:07:21
In the past 1D, Vestate has changed -1.56% to GEL. Based on the trend and price charts, Vestate(VES) has changed -1.56% to GEL while Georgian Lari(GEL) has changed % to VES in the last 24 hours.
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VES to GEL conversion data: Volatility and price changes of Vestate in GEL

The highest Vestate price in GEL over the past 7 days was 0.005645 GEL while the lowest Vestate price in GEL over the past 7 days was 0.004516 GEL. The relative change between the highs and lows in Vestate price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and VES to GEL prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.005200 GEL
0.005645 GEL
0.008010 GEL
0.008406 GEL
Low
0.004516 GEL
0.004516 GEL
0.004178 GEL
0.004178 GEL
Average
0 GEL
0 GEL
0 GEL
0 GEL
Volatility
%
%
%
%
Change
-1.56%
-2.86%
-26.38%
-34.90%

Vestate information

VES to GEL market statistics

VES/GEL:
₾0.005047
VES 24h volume:
₾23,839.96
VES market cap:
₾725,235.95
VES circulating supply:
143.70M VES

Current VES to GEL exchange rate

Vestate to Georgian Lari is falling this week.
Vestate's current market price is ₾0.005047 per VES, with a total market cap of ₾725,235.95 GEL based on a circulating supply of 143,700,000 VES. The trading volume of Vestate has changed by +630.65% (₾20,577.11 GEL) in the last 24 hours. Last trading day, VES's trading volume was ₾3,262.84.

More info about Vestate on Bitget

Georgian Lari 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.

Bitget crypto-to-fiat exchange data shows that the most popular Vestate currency pair is the VES to GEL, with for Vestate's currency code being VES. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.

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How to convert VES to GEL

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Bitget P2P trading does not currently support direct buying of VES with GEL. However, you can buy USDT in Bitget P2P trading first, and then buy VES with USDT via Bitget spot market.
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VES to GEL Conversion tables

The exchange rate of Vestate is decreasing.
The exchange rate of 1 VES to Georgian Lari has changed by -2.86% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.56%, reaching a high of 0.005200 GEL and a low of 0.004516 GEL . One month ago, the value of 1 VES was ₾0.006855 GEL , which represents a -26.38% change from its current value. Over the last year, Vestate has changed by
-
0.04915GEL
, resulting in a change of -90.69% in its value.
24 hours ago1 month ago1 year ago
Amount00:07 am today24 hours ago24h change
0.5 VES₾0.002523₾0.002563
-1.56%
1 VES₾0.005047₾0.005127
-1.56%
5 VES₾0.02523₾0.02563
-1.56%
10 VES₾0.05047₾0.05127
-1.56%
50 VES₾0.2523₾0.2563
-1.56%
100 VES₾0.5047₾0.5127
-1.56%
500 VES₾2.52₾2.56
-1.56%
1000 VES₾5.05₾5.13
-1.56%

VES to GEL FAQ

How much is 1 Vestate in GEL?
Right now, the price of 1 Vestate (VES) in Georgian Lari (GEL) is ₾0.005047.
How much VES can I buy for 1 GEL?
Based on the current exchange rate, you can get 198.14 VES for 1 GEL.
How do I calculate or convert VES to GEL?
You can use our VES to GEL calculator at the top of this page to convert any amount of VES to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 990.71 VES, while 5 VES will cost around 0.02523GEL.
What is the highest price of VES/GEL in history?
The all-time high price of 1 VES in GEL is ₾0.1301. It remains to be seen if the value of 1 VES/GEL will exceed the current all-time high.
What is the price trend of Vestate in GEL?
Over the past 7 days, the exchange rate of Vestate (VES) has gone down by 2.86%.   Over the last month, the exchange rate of Vestate (VES) has gone down by 26.38% against Georgian Lari (GEL).

What factors influence the conversion rate of VES to GEL?

There are many factors that affect the relationship between Vestate 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 VES/GEL. When there is positive news in the market about the widespread adoption of VES or major technological breakthroughs, it tends to trigger market optimism and drive the rise of VES/GEL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in VES/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 VES/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 Vestate and adjust their investment strategies accordingly in the evolving market.

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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.