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USDGEL
Bid Ask
Tenor Days Points Implied Yields Outright Points Implied Yields Outright Update Date
1W 7 24.4000 5.24% 2.43244 39.0300 8.27% 2.463903 28.04.2017 16:57
2W 14 48.7800 5.23% 2.434878 78.0900 8.28% 2.467809 28.04.2017 16:57
1M 30 105.0000 5.26% 2.4405 168.0000 8.31% 2.4768 28.04.2017 16:57
3M 90 322.0000 5.37% 2.4622 513.0000 8.46% 2.5113 28.04.2017 16:57
6M 180 654.0000 5.46% 2.4954 1042.0000 8.59% 2.5642 28.04.2017 16:57
9M 270 1014.0000 5.64% 2.5314 1605.0000 8.82% 2.6205 28.04.2017 16:57
1Y 365 1392.0000 5.73% 2.5692 2203.0000 8.96% 2.6803 28.04.2017 16:57
2Y 730 2899.0000 5.97% 2.7199 4628.0000 9.41% 2.9228 28.04.2017 16:57

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.