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REN to GEL Converter and calculator

REN/GEL: 1 REN = 0.02924 GEL. The price of converting 1 Ren (REN) to Georgian Lari (GEL) is 0.02924 GEL today.
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REN
GEL
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides REN to GEL real-time exchange rates, making it easy to convert Ren (REN) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 REN is currently valued at 0.03 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 REN is currently valued at 0.03 GEL, which means buying 5 REN would cost 0.15 GEL. Similarly, ₾1 GEL can be converted to 34.2 REN, and ₾50 GEL can be converted to 170.99 REN, excluding any platform or gas fees.

Convert REN to GEL

Convert GEL to REN

Ren
Georgian Lari
10000 REN
292.42  GEL
In the table above, you'll find a comprehensive REN to GEL converter that shows the value of Ren in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 REN to GEL, all the way up to 10000 REN, providing a clear view of their respective values.
Georgian Lari
Ren
5000 GEL
170,985.59 REN
10000 GEL
341,971.19 REN
50000 GEL
1,709,855.93 REN
100000 GEL
3,419,711.87 REN
In the table above, you'll find a comprehensive GEL to REN converter that shows the value of Georgian Lari in Ren across commonly used conversion amounts. The list covers conversions from 1 GEL to REN, all the way up to 100000 GEL, providing a clear view of their respective values.

REN to GEL chart

REN/GEL: 1 REN = 0.02924 GEL; 2025/05/05 23:39:38
In the past 1D, Ren has changed +0.04% to GEL. Based on the trend and price charts, Ren(REN) has changed +0.04% to GEL while Georgian Lari(GEL) has changed % to REN in the last 24 hours.
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REN to GEL conversion data: Volatility and price changes of Ren in GEL

The highest Ren price in GEL over the past 7 days was 0.03181 GEL while the lowest Ren price in GEL over the past 7 days was 0.02906 GEL. The relative change between the highs and lows in Ren price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and REN 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
0.02958 GEL
0.03181 GEL
0.03316 GEL
0.09191 GEL
Low
0.02892 GEL
0.02906 GEL
0.02375 GEL
0.02353 GEL
Average
0 GEL
0 GEL
0 GEL
0 GEL
Volatility
%
%
%
%
Change
+0.04%
-5.54%
+0.48%
-47.83%

Ren information

REN to GEL market statistics

REN/GEL:
₾0.02924
REN 24h volume:
₾2,515,169.04
REN market cap:
₾29,222,651.79
REN circulating supply:
999.33M REN

Current REN to GEL exchange rate

Ren to Georgian Lari is falling this week.
Ren's current market price is ₾0.02924 per REN, with a total market cap of ₾29,222,651.79 GEL based on a circulating supply of 999,330,500 REN. The trading volume of Ren has changed by +6.19% (₾146,716.18 GEL) in the last 24 hours. Last trading day, REN's trading volume was ₾2,368,452.86.

More info about Ren 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 Ren currency pair is the REN to GEL, with for Ren's currency code being REN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.

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How to convert REN to GEL

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REN to GEL Conversion tables

The exchange rate of Ren is increasing.
The exchange rate of 1 REN to Georgian Lari has changed by -5.54% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.04%, reaching a high of 0.02958 GEL and a low of 0.02892 GEL . One month ago, the value of 1 REN was ₾0.02910 GEL , which represents a +0.48% change from its current value. Over the last year, Ren has changed by
-
0.1423GEL
, resulting in a change of -82.91% in its value.
24 hours ago1 month ago1 year ago
Amount23:39 today24 hours ago24h change
0.5 REN₾0.01462₾0.01461
+0.04%
1 REN₾0.02924₾0.02923
+0.04%
5 REN₾0.1462₾0.1461
+0.04%
10 REN₾0.2924₾0.2923
+0.04%
50 REN₾1.46₾1.46
+0.04%
100 REN₾2.92₾2.92
+0.04%
500 REN₾14.62₾14.61
+0.04%
1000 REN₾29.24₾29.23
+0.04%

REN to GEL FAQ

How much is 1 Ren in GEL?
Right now, the price of 1 Ren (REN) in Georgian Lari (GEL) is ₾0.02924.
How much REN can I buy for 1 GEL?
Based on the current exchange rate, you can get 34.2 REN for 1 GEL.
How do I calculate or convert REN to GEL?
You can use our REN to GEL calculator at the top of this page to convert any amount of REN to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 170.99 REN, while 5 REN will cost around 0.1462GEL.
What is the highest price of REN/GEL in history?
The all-time high price of 1 REN in GEL is ₾5.02. It remains to be seen if the value of 1 REN/GEL will exceed the current all-time high.
What is the price trend of Ren in GEL?
Over the past 7 days, the exchange rate of Ren (REN) has gone down by 5.54%.   Over the last month, the exchange rate of Ren (REN) has gone up by 0.48% against Georgian Lari (GEL).

What factors influence the conversion rate of REN to GEL?

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