Is the Lari a volatile currency?
The GEL has fluctuated between 2.20 and 3.30 per USD over 5 years, with an annual volatility of 8 to 12%. Investors keep their liquid assets in USD to neutralize the risk.
The GEL has fluctuated between 2.20 and 3.30 per USD over 5 years, with an annual volatility of 8 to 12%. Investors keep their liquid assets in USD to neutralize the risk.