The euro fell to 2.9911 lari on 19 September from 3.0364 on 10 September, a decline of 0.0453 lari. The US dollar was close to unchanged over the same window, easing to 2.6071 from 2.6104, a fall of 0.0033.
That asymmetry makes this a euro move rather than a lari move. The dollar-linked rates tracked the dollar: the Azerbaijani manat eased from 1.5356 to 1.5339, and 1000 Armenian dram from 7.1783 to 7.1697 lari. The Federal Reserve raised its policy rate by 25 basis points on 16 September, as reported by CNBC and CNN; the euro's largest single-day drop in this window came after that, from 3.0084 on 17 September to 2.9927 on 18 September.
The Russian rouble went the other way, with 100 roubles at 3.0972 lari on 19 September against 3.0513 on 10 September and 3.1036 on 11 September in between. The Turkish lira slipped from 0.0538 to 0.0534.
Importers invoicing in euro settle cheaper in lari than at the start of this window; exporters to the euro area face the mirror image.
Figures in this post
Every number below was checked against the source before publication.
FX_AMD_GELArmenian dram to lari National Bank of GeorgiaFX_AZN_GELAzerbaijani manat to lari National Bank of GeorgiaFX_EUR_GELEuro to lari National Bank of GeorgiaFX_RUB_GELRussian rouble to lari National Bank of GeorgiaFX_TRY_GELTurkish lira to lari National Bank of GeorgiaFX_USD_GELUS dollar to lari National Bank of Georgia