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USDGEL
Bid Ask
Tenor Days Points Implied Yields Outright Points Implied Yields Outright Update Date
1W 7 19.7000 3.88% 2.65197 35.5900 6.90% 2.693559 16.10.2018 18:22
2W 14 39.4900 3.89% 2.653949 71.2800 6.91% 2.697128 16.10.2018 18:22
1M 30 84.7800 3.89% 2.658478 152.9500 6.92% 2.705295 16.10.2018 18:22
3M 90 256.0000 3.92% 2.6756 461.0000 6.95% 2.7361 16.10.2018 18:22
6M 180 513.0000 3.93% 2.7013 925.0000 6.97% 2.7825 16.10.2018 18:22
9M 270 771.0000 3.93% 2.7271 1392.0000 7.00% 2.8292 16.10.2018 18:22
1Y 365 1050.0000 3.96% 2.7550 1894.0000 7.04% 2.8794 16.10.2018 18:22
2Y 730 2093.0000 3.95% 2.8593 3811.0000 7.08% 3.0711 16.10.2018 18:22
EURGEL
Bid Ask
Tenor Days Points Implied Yields Outright Points Implied Yields Outright Update Date
1W 7 35.4200 6.03% 3.064542 61.3800 10.26% 3.126138 16.10.2018 18:22
2W 14 70.9900 6.05% 3.068099 122.9500 10.27% 3.132295 16.10.2018 18:22
1M 30 152.5100 6.06% 3.076251 264.0900 10.30% 3.146409 16.10.2018 18:22
2M 60 306.5400 6.09% 3.091654 530.6300 10.35% 3.173063 16.10.2018 18:22
3M 90 462.1000 6.12% 3.10721 799.6400 10.39% 3.199964 16.10.2018 18:22
6M 180 931.9100 6.17% 3.154191 1615.4200 10.50% 3.281542 16.10.2018 18:22
9M 270 1409.5600 6.23% 3.201956 2447.7200 10.61% 3.364772 16.10.2018 18:22
1Y 365 1931.4200 6.31% 3.254142 3353.9600 10.75% 3.455396 16.10.2018 18:22
2Y 730 3976.4000 6.50% 3.45864 6974.0500 11.18% 3.817405 16.10.2018 18:22

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 and EUR against GEL, published by Bank of Georgia in the Bloomberg Information System. These rates are valid for a notional amount of GEL 1 million.