Bitget converter provides RENZEC to GEL real-time exchange rates, making it easy to convert renZEC (RENZEC) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 RENZEC is currently valued at 85.94 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 RENZEC is currently valued at 85.94 GEL, which means buying 5 RENZEC would cost 429.69 GEL. Similarly, ₾1 GEL can be converted to 0.01164 RENZEC, and ₾50 GEL can be converted to 0.05818 RENZEC, excluding any platform or gas fees.
Conversion rates
Convert RENZEC to GEL
Convert GEL to RENZEC
renZEC
Georgian Lari
1 RENZEC
85.94 GEL
Exchange 1 RENZEC for 85.94 GEL
2 RENZEC
171.88 GEL
Exchange 2 RENZEC for 171.88 GEL
5 RENZEC
429.69 GEL
Exchange 5 RENZEC for 429.69 GEL
10 RENZEC
859.38 GEL
Exchange 10 RENZEC for 859.38 GEL
20 RENZEC
1,718.76 GEL
Exchange 20 RENZEC for 1,718.76 GEL
50 RENZEC
4,296.9 GEL
Exchange 50 RENZEC for 4,296.9 GEL
100 RENZEC
8,593.8 GEL
Exchange 100 RENZEC for 8,593.8 GEL
200 RENZEC
17,187.61 GEL
Exchange 200 RENZEC for 17,187.61 GEL
500 RENZEC
42,969.02 GEL
Exchange 500 RENZEC for 42,969.02 GEL
1000 RENZEC
85,938.03 GEL
Exchange 1000 RENZEC for 85,938.03 GEL
5000 RENZEC
429,690.16 GEL
Exchange 5000 RENZEC for 429,690.16 GEL
10000 RENZEC
859,380.33 GEL
Exchange 10000 RENZEC for 859,380.33 GEL
In the table above, you'll find a comprehensive RENZEC to GEL converter that shows the value of renZEC in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 RENZEC to GEL, all the way up to 10000 RENZEC, providing a clear view of their respective values.
Georgian Lari
renZEC
1 GEL
0.01164 RENZEC
Exchange 1 GEL for 0.01164 RENZEC
10 GEL
0.1164 RENZEC
Exchange 10 GEL for 0.1164 RENZEC
50 GEL
0.5818 RENZEC
Exchange 50 GEL for 0.5818 RENZEC
100 GEL
1.16 RENZEC
Exchange 100 GEL for 1.16 RENZEC
200 GEL
2.33 RENZEC
Exchange 200 GEL for 2.33 RENZEC
500 GEL
5.82 RENZEC
Exchange 500 GEL for 5.82 RENZEC
1000 GEL
11.64 RENZEC
Exchange 1000 GEL for 11.64 RENZEC
2000 GEL
23.27 RENZEC
Exchange 2000 GEL for 23.27 RENZEC
5000 GEL
58.18 RENZEC
Exchange 5000 GEL for 58.18 RENZEC
10000 GEL
116.36 RENZEC
Exchange 10000 GEL for 116.36 RENZEC
50000 GEL
581.81 RENZEC
Exchange 50000 GEL for 581.81 RENZEC
100000 GEL
1,163.63 RENZEC
Exchange 100000 GEL for 1,163.63 RENZEC
In the table above, you'll find a comprehensive GEL to RENZEC converter that shows the value of Georgian Lari in renZEC across commonly used conversion amounts. The list covers conversions from 1 GEL to RENZEC, all the way up to 100000 GEL, providing a clear view of their respective values.
In the past 1D, renZEC has changed +50.05% to GEL. Based on the trend and price charts, renZEC(RENZEC) has changed +50.05% to GEL while Georgian Lari(GEL) has changed % to RENZEC in the last 24 hours.
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RENZEC to GEL conversion data: Volatility and price changes of renZEC in GEL
The highest renZEC price in GEL over the past 7 days was 99.98 GEL while the lowest renZEC price in GEL over the past 7 days was 58.16 GEL. The relative change between the highs and lows in renZEC price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and RENZEC to GEL prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours
Last 7 days
Last 30 days
Last 90 days
High
99.98 GEL
99.98 GEL
123.49 GEL
130.31 GEL
Low
65.01 GEL
58.16 GEL
58.16 GEL
44.67 GEL
Average
0 GEL
0 GEL
0 GEL
0 GEL
Volatility
%
%
%
%
Change
+50.05%
+17.67%
+2.52%
+42.80%
Buy
Sell
Buy RENZEC (or USDT) for GEL (Georgian Lari) offers
renZEC's current market price is ₾85.94 per RENZEC, with a total market cap of ₾0 GEL based on a circulating supply of -- RENZEC. The trading volume of renZEC has changed by -44.37% (₾-73.92 GEL) in the last 24 hours. Last trading day, RENZEC's trading volume was ₾166.59.
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 renZEC currency pair is the RENZEC to GEL, with for renZEC's currency code being RENZEC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.
The exchange rate of 1 RENZEC to Georgian Lari has changed by +17.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by +50.05%, reaching a high of 99.98 GEL and a low of 65.01 GEL . One month ago, the value of 1 RENZEC was ₾83.49 GEL , which represents a +2.52% change from its current value. Over the last year, renZEC has changed by
-₾
75.09GEL
, resulting in a change of -42.98% in its value.
24 hours ago1 month ago1 year ago
Amount
12:11 today
24 hours ago
24h change
0.5 RENZEC
₾42.97
₾26.36
+50.05%
1 RENZEC
₾85.94
₾52.71
+50.05%
5 RENZEC
₾429.69
₾263.57
+50.05%
10 RENZEC
₾859.38
₾527.13
+50.05%
50 RENZEC
₾4,296.9
₾2,635.67
+50.05%
100 RENZEC
₾8,593.8
₾5,271.34
+50.05%
500 RENZEC
₾42,969.02
₾26,356.7
+50.05%
1000 RENZEC
₾85,938.03
₾52,713.4
+50.05%
RENZEC to GEL FAQ
How much is 1 renZEC in GEL?
Right now, the price of 1 renZEC (RENZEC) in Georgian Lari (GEL) is ₾85.94.
How much RENZEC can I buy for 1 GEL?
Based on the current exchange rate, you can get 0.01164 RENZEC for 1 GEL.
How do I calculate or convert RENZEC to GEL?
You can use our RENZEC to GEL calculator at the top of this page to convert any amount of RENZEC to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 0.05818 RENZEC, while 5 RENZEC will cost around 429.69GEL.
What is the highest price of RENZEC/GEL in history?
The all-time high price of 1 RENZEC in GEL is ₾3,837.94. It remains to be seen if the value of 1 RENZEC/GEL will exceed the current all-time high.
What is the price trend of renZEC in GEL?
Over the past 7 days, the exchange rate of renZEC (RENZEC) has gone up by 17.67%.
Over the last month, the exchange rate of renZEC (RENZEC) has gone up by 2.52% against Georgian Lari (GEL).
What factors influence the conversion rate of RENZEC to GEL?
There are many factors that affect the relationship between renZEC 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 RENZEC/GEL. When there is positive news in the market about the widespread adoption of RENZEC or major technological breakthroughs, it tends to trigger market optimism and drive the rise of RENZEC/GEL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in RENZEC/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 RENZEC/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 renZEC and adjust their investment strategies accordingly in the evolving market.
Bitget crypto-to-fiat exchange data shows the popular renZEC currency pairs: RENZEC to US Dollar (USD), RENZEC to Euro (EUR), RENZEC to Pound Sterling (GBP), RENZEC to Canadian Dollar (CAD), RENZEC to Indian Rupee (INR), RENZEC to Pakistani Rupee (PKR), RENZEC to Brazilian Real (BRL), RENZEC to… The price of renZEC in the US is $31.83 USD. Additionally, renZEC’s price is €27.46 EUR in the eurozone, £23.96 GBP in the UK, C$43.93 CAD in Canada, ₹2,774.46 INR in India, ₨9,015.54 PKR in Pakistan, R$176.39 BRL in Brazil, and more. The most popular renZEC currency pair is the RENZEC to Georgian Lari(GEL). The price of 1 renZEC (RENZEC) in Georgian Lari (GEL) is ₾85.94.
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.