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USDGEL
Bid Ask
Tenor Days Points Implied Yields Outright Points Implied Yields Outright Update Date
1W 7 20.5600 4.38% 2.452056 35.0600 7.40% 2.473506 20.06.2018 15:18
2W 14 41.1100 4.37% 2.454111 70.1300 7.40% 2.477013 20.06.2018 15:18
1M 30 88.2400 4.38% 2.458824 150.4900 7.41% 2.485049 20.06.2018 15:18
3M 90 265.0000 4.39% 2.4765 453.0000 7.44% 2.5153 20.06.2018 15:18
6M 180 530.0000 4.39% 2.5030 907.0000 7.45% 2.5607 20.06.2018 15:18
9M 270 793.0000 4.38% 2.5293 1363.0000 7.46% 2.6063 20.06.2018 15:18
1Y 365 1080.0000 4.41% 2.5580 1856.0000 7.51% 2.6556 20.06.2018 15:18
2Y 730 2149.0000 4.39% 2.6649 3742.0000 7.57% 2.8442 20.06.2018 15:18

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.