Bitget converter provides OTX to GEL real-time exchange rates, making it easy to convert Open Trade Exchange (OTX) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 OTX is currently valued at 0.0004237 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 OTX is currently valued at 0.0004237 GEL, which means buying 5 OTX would cost 0.002119 GEL. Similarly, ₾1 GEL can be converted to 2,359.99 OTX, and ₾50 GEL can be converted to 11,799.95 OTX, excluding any platform or gas fees.
Conversion rates
Convert OTX to GEL
Convert GEL to OTX
Open Trade Exchange
Georgian Lari
1 OTX
0.0004237 GEL
Exchange 1 OTX for 0.0004237 GEL
2 OTX
0.0008475 GEL
Exchange 2 OTX for 0.0008475 GEL
5 OTX
0.002119 GEL
Exchange 5 OTX for 0.002119 GEL
10 OTX
0.004237 GEL
Exchange 10 OTX for 0.004237 GEL
20 OTX
0.008475 GEL
Exchange 20 OTX for 0.008475 GEL
50 OTX
0.02119 GEL
Exchange 50 OTX for 0.02119 GEL
100 OTX
0.04237 GEL
Exchange 100 OTX for 0.04237 GEL
200 OTX
0.08475 GEL
Exchange 200 OTX for 0.08475 GEL
500 OTX
0.2119 GEL
Exchange 500 OTX for 0.2119 GEL
1000 OTX
0.4237 GEL
Exchange 1000 OTX for 0.4237 GEL
5000 OTX
2.12 GEL
Exchange 5000 OTX for 2.12 GEL
10000 OTX
4.24 GEL
Exchange 10000 OTX for 4.24 GEL
In the table above, you'll find a comprehensive OTX to GEL converter that shows the value of Open Trade Exchange in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 OTX to GEL, all the way up to 10000 OTX, providing a clear view of their respective values.
Georgian Lari
Open Trade Exchange
1 GEL
2,359.99 OTX
Exchange 1 GEL for 2,359.99 OTX
10 GEL
23,599.9 OTX
Exchange 10 GEL for 23,599.9 OTX
50 GEL
117,999.49 OTX
Exchange 50 GEL for 117,999.49 OTX
100 GEL
235,998.97 OTX
Exchange 100 GEL for 235,998.97 OTX
200 GEL
471,997.95 OTX
Exchange 200 GEL for 471,997.95 OTX
500 GEL
1,179,994.87 OTX
Exchange 500 GEL for 1,179,994.87 OTX
1000 GEL
2,359,989.74 OTX
Exchange 1000 GEL for 2,359,989.74 OTX
2000 GEL
4,719,979.48 OTX
Exchange 2000 GEL for 4,719,979.48 OTX
5000 GEL
11,799,948.69 OTX
Exchange 5000 GEL for 11,799,948.69 OTX
10000 GEL
23,599,897.38 OTX
Exchange 10000 GEL for 23,599,897.38 OTX
50000 GEL
117,999,486.92 OTX
Exchange 50000 GEL for 117,999,486.92 OTX
100000 GEL
235,998,973.84 OTX
Exchange 100000 GEL for 235,998,973.84 OTX
In the table above, you'll find a comprehensive GEL to OTX converter that shows the value of Georgian Lari in Open Trade Exchange across commonly used conversion amounts. The list covers conversions from 1 GEL to OTX, all the way up to 100000 GEL, providing a clear view of their respective values.
In the past 1D, Open Trade Exchange has changed -0.00% to GEL. Based on the trend and price charts, Open Trade Exchange(OTX) has changed -0.00% to GEL while Georgian Lari(GEL) has changed % to OTX in the last 24 hours.
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OTX to GEL conversion data: Volatility and price changes of Open Trade Exchange in GEL
The highest Open Trade Exchange price in GEL over the past 7 days was 0.0004294 GEL while the lowest Open Trade Exchange price in GEL over the past 7 days was 0.0004228 GEL. The relative change between the highs and lows in Open Trade Exchange price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and OTX to GEL prices for the past 24 hours, 30 days, and 90 days in the table above.
Open Trade Exchange to Georgian Lari is rising this week.
Open Trade Exchange's current market price is ₾0.0004237 per OTX, with a total market cap of ₾0 GEL based on a circulating supply of -- OTX. The trading volume of Open Trade Exchange has changed by 0.00% (₾0 GEL) in the last 24 hours. Last trading day, OTX's trading volume was ₾0.
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 Open Trade Exchange currency pair is the OTX to GEL, with for Open Trade Exchange's currency code being OTX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.
The exchange rate of Open Trade Exchange is increasing.
The exchange rate of 1 OTX to Georgian Lari has changed by -1.55% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.00%, reaching a high of 0.0004237 GEL and a low of 0.0004237 GEL . One month ago, the value of 1 OTX was ₾0 GEL , which represents a -19.79% change from its current value. Over the last year, Open Trade Exchange has changed by
-₾
0.0002032GEL
, resulting in a change of -32.41% in its value.
24 hours ago1 month ago1 year ago
Amount
22:41 today
24 hours ago
24h change
0.5 OTX
₾0.0002119
₾0.0002119
-0.00%
1 OTX
₾0.0004237
₾0.0004237
-0.00%
5 OTX
₾0.002119
₾0.002119
-0.00%
10 OTX
₾0.004237
₾0.004237
-0.00%
50 OTX
₾0.02119
₾0.02119
-0.00%
100 OTX
₾0.04237
₾0.04237
-0.00%
500 OTX
₾0.2119
₾0.2119
-0.00%
1000 OTX
₾0.4237
₾0.4237
-0.00%
OTX to GEL FAQ
How much is 1 Open Trade Exchange in GEL?
Right now, the price of 1 Open Trade Exchange (OTX) in Georgian Lari (GEL) is ₾0.0004237.
How much OTX can I buy for 1 GEL?
Based on the current exchange rate, you can get 2,359.99 OTX for 1 GEL.
How do I calculate or convert OTX to GEL?
You can use our OTX to GEL calculator at the top of this page to convert any amount of OTX to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 11,799.95 OTX, while 5 OTX will cost around 0.002119GEL.
What is the highest price of OTX/GEL in history?
The all-time high price of 1 OTX in GEL is ₾5.88. It remains to be seen if the value of 1 OTX/GEL will exceed the current all-time high.
What is the price trend of Open Trade Exchange in GEL?
Over the past 7 days, the exchange rate of Open Trade Exchange (OTX) has gone down by 1.55%.
Over the last month, the exchange rate of Open Trade Exchange (OTX) has gone down by 19.79% against Georgian Lari (GEL).
What factors influence the conversion rate of OTX to GEL?
There are many factors that affect the relationship between Open Trade Exchange 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 OTX/GEL. When there is positive news in the market about the widespread adoption of OTX or major technological breakthroughs, it tends to trigger market optimism and drive the rise of OTX/GEL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in OTX/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 OTX/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 Open Trade Exchange and adjust their investment strategies accordingly in the evolving market.
Bitget crypto-to-fiat exchange data shows the popular Open Trade Exchange currency pairs: OTX to US Dollar (USD), OTX to Euro (EUR), OTX to Pound Sterling (GBP), OTX to Canadian Dollar (CAD), OTX to Indian Rupee (INR), OTX to Pakistani Rupee (PKR), OTX to Brazilian Real (BRL), OTX to… The price of Open Trade Exchange in the US is $0.0001569 USD. Additionally, Open Trade Exchange’s price is €0.0001323 EUR in the eurozone, £0.0001150 GBP in the UK, C$0.0002157 CAD in Canada, ₹0.01379 INR in India, ₨0.04418 PKR in Pakistan, R$0.0008312 BRL in Brazil, and more. The most popular Open Trade Exchange currency pair is the OTX to Georgian Lari(GEL). The price of 1 Open Trade Exchange (OTX) in Georgian Lari (GEL) is ₾0.0004237.
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.