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SOMM to GEL Converter and calculator

SOMM/GEL: 1 SOMM = 0.003293 GEL. The price of converting 1 Sommelier (SOMM) to Georgian Lari (GEL) is 0.003293 GEL today.
SOMM
SOMM
GEL
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides SOMM to GEL real-time exchange rates, making it easy to convert Sommelier (SOMM) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 SOMM is currently valued at 0.003293 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SOMM is currently valued at 0.003293 GEL, which means buying 5 SOMM would cost 0.01646 GEL. Similarly, ₾1 GEL can be converted to 303.68 SOMM, and ₾50 GEL can be converted to 1,518.4 SOMM, excluding any platform or gas fees.

Convert SOMM to GEL

Convert GEL to SOMM

Sommelier
Georgian Lari
10000 SOMM
32.93  GEL
In the table above, you'll find a comprehensive SOMM to GEL converter that shows the value of Sommelier in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 SOMM to GEL, all the way up to 10000 SOMM, providing a clear view of their respective values.
Georgian Lari
Sommelier
500 GEL
151,839.94 SOMM
1000 GEL
303,679.87 SOMM
2000 GEL
607,359.74 SOMM
5000 GEL
1,518,399.35 SOMM
10000 GEL
3,036,798.7 SOMM
50000 GEL
15,183,993.51 SOMM
100000 GEL
30,367,987.02 SOMM
In the table above, you'll find a comprehensive GEL to SOMM converter that shows the value of Georgian Lari in Sommelier across commonly used conversion amounts. The list covers conversions from 1 GEL to SOMM, all the way up to 100000 GEL, providing a clear view of their respective values.

SOMM to GEL chart

SOMM/GEL: 1 SOMM = 0.003293 GEL; 2025/06/22 15:30:41
In the past 1D, Sommelier has changed -8.01% to GEL. Based on the trend and price charts, Sommelier(SOMM) has changed -8.01% to GEL while Georgian Lari(GEL) has changed % to SOMM in the last 24 hours.
1D7D1M3M1YAll

SOMM to GEL conversion data: Volatility and price changes of Sommelier in GEL

The highest Sommelier price in GEL over the past 7 days was 0.003882 GEL while the lowest Sommelier price in GEL over the past 7 days was 0.002430 GEL. The relative change between the highs and lows in Sommelier price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and SOMM 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
0.003581 GEL
0.003882 GEL
0.01619 GEL
0.02303 GEL
Low
0.003284 GEL
0.002430 GEL
0.002206 GEL
0.002206 GEL
Average
0 GEL
0 GEL
0 GEL
0 GEL
Volatility
%
%
%
%
Change
-8.01%
+19.02%
-28.83%
-80.36%

Sommelier information

SOMM to GEL market statistics

SOMM/GEL:
₾0.003293
SOMM 24h volume:
₾124.46
SOMM market cap:
--
SOMM circulating supply:
0 SOMM

Current SOMM to GEL exchange rate

Sommelier to Georgian Lari is rising this week.
Sommelier's current market price is ₾0.003293 per SOMM, with a total market cap of ₾0 GEL based on a circulating supply of -- SOMM. The trading volume of Sommelier has changed by -78.92% (₾-465.92 GEL) in the last 24 hours. Last trading day, SOMM's trading volume was ₾590.38.

More info about Sommelier on Bitget

Georgian Lari information

About Georgian Lari (GEL)

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 Sommelier currency pair is the SOMM to GEL, with for Sommelier's currency code being SOMM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.

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How to convert SOMM to GEL

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SOMM to GEL Conversion tables

The exchange rate of Sommelier is decreasing.
The exchange rate of 1 SOMM to Georgian Lari has changed by +19.02% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.01%, reaching a high of 0.003581 GEL and a low of 0.003284 GEL . One month ago, the value of 1 SOMM was ₾0.004627 GEL , which represents a -28.83% change from its current value. Over the last year, Sommelier has changed by
-
0.09988GEL
, resulting in a change of -96.81% in its value.
24 hours ago1 month ago1 year ago
Amount 15:30 today 24 hours ago 24h change
0.5 SOMM
₾0.001646₾0.001790
-8.01%
1 SOMM
₾0.003293₾0.003579
-8.01%
5 SOMM
₾0.01646₾0.01790
-8.01%
10 SOMM
₾0.03293₾0.03579
-8.01%
50 SOMM
₾0.1646₾0.1790
-8.01%
100 SOMM
₾0.3293₾0.3579
-8.01%
500 SOMM
₾1.65₾1.79
-8.01%
1000 SOMM
₾3.29₾3.58
-8.01%

SOMM to GEL FAQ

How much is 1 Sommelier in GEL?
Right now, the price of 1 Sommelier (SOMM) in Georgian Lari (GEL) is ₾0.003293.
How much SOMM can I buy for 1 GEL?
Based on the current exchange rate, you can get 303.68 SOMM for 1 GEL.
How do I calculate or convert SOMM to GEL?
You can use our SOMM to GEL calculator at the top of this page to convert any amount of SOMM to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 1,518.4 SOMM, while 5 SOMM will cost around 0.01646GEL.
What is the highest price of SOMM/GEL in history?
The all-time high price of 1 SOMM in GEL is ₾1.13. It remains to be seen if the value of 1 SOMM/GEL will exceed the current all-time high.
What is the price trend of Sommelier in GEL?
Over the past 7 days, the exchange rate of Sommelier (SOMM) has gone up by 19.02%.   Over the last month, the exchange rate of Sommelier (SOMM) has gone down by 28.83% against Georgian Lari (GEL).

What factors influence the conversion rate of SOMM to GEL?

There are many factors that affect the relationship between Sommelier 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 SOMM/GEL. When there is positive news in the market about the widespread adoption of SOMM or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SOMM/GEL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SOMM/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 SOMM/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 Sommelier and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Sommelier currency pairs: SOMM to US Dollar (USD), SOMM to Euro (EUR), SOMM to Pound Sterling (GBP), SOMM to Canadian Dollar (CAD), SOMM to Indian Rupee (INR), SOMM to Pakistani Rupee (PKR), SOMM to Brazilian Real (BRL), SOMM to…
The price of Sommelier in the US is $0.001211 USD. Additionally, Sommelier’s price is €0.001050 EUR in the eurozone, £0.0008996 GBP in the UK, C$0.001662 CAD in Canada, ₹0.1048 INR in India, ₨0.3437 PKR in Pakistan, R$0.006674 BRL in Brazil, and more.
The most popular Sommelier currency pair is the SOMM to Georgian Lari(GEL). The price of 1 Sommelier (SOMM) in Georgian Lari (GEL) is ₾0.003293.

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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.