Bitget converter provides IBS to GEL real-time exchange rates, making it easy to convert IBStoken (IBS) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 IBS is currently valued at 0.002179 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 IBS is currently valued at 0.002179 GEL, which means buying 5 IBS would cost 0.01090 GEL. Similarly, ₾1 GEL can be converted to 458.82 IBS, and ₾50 GEL can be converted to 2,294.11 IBS, excluding any platform or gas fees.
Conversion rates
Convert IBS to GEL
Convert GEL to IBS
IBStoken
Georgian Lari
1 IBS
0.002179 GEL
Exchange 1 IBS for 0.002179 GEL
2 IBS
0.004359 GEL
Exchange 2 IBS for 0.004359 GEL
5 IBS
0.01090 GEL
Exchange 5 IBS for 0.01090 GEL
10 IBS
0.02179 GEL
Exchange 10 IBS for 0.02179 GEL
20 IBS
0.04359 GEL
Exchange 20 IBS for 0.04359 GEL
50 IBS
0.1090 GEL
Exchange 50 IBS for 0.1090 GEL
100 IBS
0.2179 GEL
Exchange 100 IBS for 0.2179 GEL
200 IBS
0.4359 GEL
Exchange 200 IBS for 0.4359 GEL
500 IBS
1.09 GEL
Exchange 500 IBS for 1.09 GEL
1000 IBS
2.18 GEL
Exchange 1000 IBS for 2.18 GEL
5000 IBS
10.9 GEL
Exchange 5000 IBS for 10.9 GEL
10000 IBS
21.79 GEL
Exchange 10000 IBS for 21.79 GEL
In the table above, you'll find a comprehensive IBS to GEL converter that shows the value of IBStoken in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 IBS to GEL, all the way up to 10000 IBS, providing a clear view of their respective values.
Georgian Lari
IBStoken
1 GEL
458.82 IBS
Exchange 1 GEL for 458.82 IBS
10 GEL
4,588.22 IBS
Exchange 10 GEL for 4,588.22 IBS
50 GEL
22,941.11 IBS
Exchange 50 GEL for 22,941.11 IBS
100 GEL
45,882.21 IBS
Exchange 100 GEL for 45,882.21 IBS
200 GEL
91,764.43 IBS
Exchange 200 GEL for 91,764.43 IBS
500 GEL
229,411.06 IBS
Exchange 500 GEL for 229,411.06 IBS
1000 GEL
458,822.13 IBS
Exchange 1000 GEL for 458,822.13 IBS
2000 GEL
917,644.26 IBS
Exchange 2000 GEL for 917,644.26 IBS
5000 GEL
2,294,110.64 IBS
Exchange 5000 GEL for 2,294,110.64 IBS
10000 GEL
4,588,221.28 IBS
Exchange 10000 GEL for 4,588,221.28 IBS
50000 GEL
22,941,106.38 IBS
Exchange 50000 GEL for 22,941,106.38 IBS
100000 GEL
45,882,212.77 IBS
Exchange 100000 GEL for 45,882,212.77 IBS
In the table above, you'll find a comprehensive GEL to IBS converter that shows the value of Georgian Lari in IBStoken across commonly used conversion amounts. The list covers conversions from 1 GEL to IBS, all the way up to 100000 GEL, providing a clear view of their respective values.
In the past 1D, IBStoken has changed +0.61% to GEL. Based on the trend and price charts, IBStoken(IBS) has changed +0.61% to GEL while Georgian Lari(GEL) has changed % to IBS in the last 24 hours.
1D7D1M3M1YAll
IBS to GEL conversion data: Volatility and price changes of IBStoken in GEL
The highest IBStoken price in GEL over the past 7 days was 0.002212 GEL while the lowest IBStoken price in GEL over the past 7 days was 0.002166 GEL. The relative change between the highs and lows in IBStoken price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and IBS to GEL prices for the past 24 hours, 30 days, and 90 days in the table above.
IBStoken's current market price is ₾0.002179 per IBS, with a total market cap of ₾8,772,495.81 GEL based on a circulating supply of 4,025,015,300 IBS. The trading volume of IBStoken has changed by -26.76% (₾-107,686.71 GEL) in the last 24 hours. Last trading day, IBS's trading volume was ₾402,436.24.
The Georgian Lari (GEL), introduced in 1995, is more than just the official currency of Georgia; it's a symbol of the country's resilience, sovereignty, and economic evolution. It is commonly abbreviated as GEL and represented by the symbol ₾. Emerging from the shadows of the Soviet Union, Georgia's adoption of the Lari marked a significant step towards establishing a distinct national identity and economic independence.
Historical Background
The introduction of the Lari came at a crucial juncture in Georgia's history. Following the dissolution of the Soviet Union in 1991, Georgia underwent a period of severe economic crisis and political instability. The introduction of the Lari on September 25, 1995, replaced the provisional Coupon currency and symbolized a new beginning for the Georgian economy.
Design and Symbolism
The design of the Georgian Lari reflects the country's rich cultural heritage and history. The banknotes and coins feature prominent Georgian figures from various epochs, important architectural landmarks, and traditional ornamental patterns. These designs serve not only as a medium for economic transactions but also as a celebration of Georgia's identity and pride.
Economic Role
As the primary medium of exchange in Georgia, the Lari underpins all economic activities. Georgia's economy, characterized by its agricultural sector, burgeoning tourism industry, and growing services sector, relies on the stability and value of the Lari. The currency facilitates domestic and international trade, playing a critical role in the country’s economic development.
Monetary Policy and Inflation
The National Bank of Georgia, the country's central bank, is responsible for regulating the Lari. Monetary policies focus on maintaining price stability, controlling inflation, and ensuring a stable financial system. These measures are crucial for bolstering investor confidence and sustaining economic growth.
Bitget crypto-to-fiat exchange data shows that the most popular IBStoken currency pair is the IBS to GEL, with for IBStoken's currency code being IBS. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.
The exchange rate of 1 IBS to Georgian Lari has changed by -0.57% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.61%, reaching a high of 0.002200 GEL and a low of 0.002183 GEL . One month ago, the value of 1 IBS was ₾0.002263 GEL , which represents a -3.65% change from its current value. Over the last year, IBStoken has changed by
-₾
0.0007694GEL
, resulting in a change of -25.92% in its value.
24 hours ago1 month ago1 year ago
Amount
16:02 today
24 hours ago
24h change
0.5 IBS
₾0.001090
₾0.001083
+0.61%
1 IBS
₾0.002179
₾0.002166
+0.61%
5 IBS
₾0.01090
₾0.01083
+0.61%
10 IBS
₾0.02179
₾0.02166
+0.61%
50 IBS
₾0.1090
₾0.1083
+0.61%
100 IBS
₾0.2179
₾0.2166
+0.61%
500 IBS
₾1.09
₾1.08
+0.61%
1000 IBS
₾2.18
₾2.17
+0.61%
IBS to GEL FAQ
How much is 1 IBStoken in GEL?
Right now, the price of 1 IBStoken (IBS) in Georgian Lari (GEL) is ₾0.002179.
How much IBS can I buy for 1 GEL?
Based on the current exchange rate, you can get 458.82 IBS for 1 GEL.
How do I calculate or convert IBS to GEL?
You can use our IBS to GEL calculator at the top of this page to convert any amount of IBS to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 2,294.11 IBS, while 5 IBS will cost around 0.01090GEL.
What is the highest price of IBS/GEL in history?
The all-time high price of 1 IBS in GEL is ₾0.06905. It remains to be seen if the value of 1 IBS/GEL will exceed the current all-time high.
What is the price trend of IBStoken in GEL?
Over the past 7 days, the exchange rate of IBStoken (IBS) has gone down by 0.57%.
Over the last month, the exchange rate of IBStoken (IBS) has gone down by 3.65% against Georgian Lari (GEL).
What factors influence the conversion rate of IBS to GEL?
There are many factors that affect the relationship between IBStoken and Georgian Lari, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of IBS/GEL. When there is positive news in the market about the widespread adoption of IBS or major technological breakthroughs, it tends to trigger market optimism and drive the rise of IBS/GEL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in IBS/GEL.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of IBS/GEL. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of IBStoken and adjust their investment strategies accordingly in the evolving market.
Bitget crypto-to-fiat exchange data shows the popular IBStoken currency pairs: IBS to US Dollar (USD), IBS to Euro (EUR), IBS to Pound Sterling (GBP), IBS to Canadian Dollar (CAD), IBS to Indian Rupee (INR), IBS to Pakistani Rupee (PKR), IBS to Brazilian Real (BRL), IBS to… The price of IBStoken in the US is $0.0008072 USD. Additionally, IBStoken’s price is €0.0006965 EUR in the eurozone, £0.0006077 GBP in the UK, C$0.001114 CAD in Canada, ₹0.07036 INR in India, ₨0.2255 PKR in Pakistan, R$0.004473 BRL in Brazil, and more. The most popular IBStoken currency pair is the IBS to Georgian Lari(GEL). The price of 1 IBStoken (IBS) in Georgian Lari (GEL) is ₾0.002179.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.