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USDGEL
Tenor Days Bid Ask Update Date
1W 7 28.8200 47.2100 20.02.2017 10:59
2W 14 57.6200 94.4700 20.02.2017 10:59
1M 30 127.0000 206.0000 20.02.2017 10:59
3M 90 392.0000 634.0000 20.02.2017 10:59
6M 180 808.0000 1302.0000 20.02.2017 10:59
9M 270 1248.0000 2005.0000 20.02.2017 10:59
1Y 365 1747.0000 2796.0000 20.02.2017 10:59
2Y 730 3793.0000 6105.0000 20.02.2017 10:59

Execution of a Forward contract is subject to a credit line approval or a deposit pledge. The volume of the deposit to be pledged depends on the term of the Forward contract. In the stable markets, the volume of the pledged deposit does not exceed 20% of the notional amount of the Forward contract.

The Forward exchange rate is calculated using the following formula:

  • Forward Bid Rate = Current Bid Exchange Rate + Bid Forward Point / 10000;
  • Forward Ask Rate = Current Ask Exchange Rate + Ask Forward Point / 10000;
  • Current Bid and Ask Exchange Rates can be found in the “Wholesale Rates” menu..

The Forward points are the forward prices of USD against GEL, published by Bank of Georgia in the Bloomberg Information System. These rates are valid for a notional amount of GEL 1 million.