Bitget converter provides OVATO to GEL real-time exchange rates, making it easy to convert Ovato (OVATO) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 OVATO is currently valued at 1.76 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 OVATO is currently valued at 1.76 GEL, which means buying 5 OVATO would cost 8.82 GEL. Similarly, ₾1 GEL can be converted to 0.5668 OVATO, and ₾50 GEL can be converted to 2.83 OVATO, excluding any platform or gas fees.
Conversion rates
Convert OVATO to GEL
Convert GEL to OVATO
Ovato
Georgian Lari
1 OVATO
1.76 GEL
Exchange 1 OVATO for 1.76 GEL
2 OVATO
3.53 GEL
Exchange 2 OVATO for 3.53 GEL
5 OVATO
8.82 GEL
Exchange 5 OVATO for 8.82 GEL
10 OVATO
17.64 GEL
Exchange 10 OVATO for 17.64 GEL
20 OVATO
35.29 GEL
Exchange 20 OVATO for 35.29 GEL
50 OVATO
88.21 GEL
Exchange 50 OVATO for 88.21 GEL
100 OVATO
176.43 GEL
Exchange 100 OVATO for 176.43 GEL
200 OVATO
352.86 GEL
Exchange 200 OVATO for 352.86 GEL
500 OVATO
882.14 GEL
Exchange 500 OVATO for 882.14 GEL
1000 OVATO
1,764.28 GEL
Exchange 1000 OVATO for 1,764.28 GEL
5000 OVATO
8,821.38 GEL
Exchange 5000 OVATO for 8,821.38 GEL
10000 OVATO
17,642.77 GEL
Exchange 10000 OVATO for 17,642.77 GEL
In the table above, you'll find a comprehensive OVATO to GEL converter that shows the value of Ovato in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 OVATO to GEL, all the way up to 10000 OVATO, providing a clear view of their respective values.
Georgian Lari
Ovato
1 GEL
0.5668 OVATO
Exchange 1 GEL for 0.5668 OVATO
10 GEL
5.67 OVATO
Exchange 10 GEL for 5.67 OVATO
50 GEL
28.34 OVATO
Exchange 50 GEL for 28.34 OVATO
100 GEL
56.68 OVATO
Exchange 100 GEL for 56.68 OVATO
200 GEL
113.36 OVATO
Exchange 200 GEL for 113.36 OVATO
500 GEL
283.4 OVATO
Exchange 500 GEL for 283.4 OVATO
1000 GEL
566.8 OVATO
Exchange 1000 GEL for 566.8 OVATO
2000 GEL
1,133.61 OVATO
Exchange 2000 GEL for 1,133.61 OVATO
5000 GEL
2,834.02 OVATO
Exchange 5000 GEL for 2,834.02 OVATO
10000 GEL
5,668.04 OVATO
Exchange 10000 GEL for 5,668.04 OVATO
50000 GEL
28,340.22 OVATO
Exchange 50000 GEL for 28,340.22 OVATO
100000 GEL
56,680.44 OVATO
Exchange 100000 GEL for 56,680.44 OVATO
In the table above, you'll find a comprehensive GEL to OVATO converter that shows the value of Georgian Lari in Ovato across commonly used conversion amounts. The list covers conversions from 1 GEL to OVATO, all the way up to 100000 GEL, providing a clear view of their respective values.
In the past 1D, Ovato has changed +0.35% to GEL. Based on the trend and price charts, Ovato(OVATO) has changed +0.35% to GEL while Georgian Lari(GEL) has changed % to OVATO in the last 24 hours.
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OVATO to GEL conversion data: Volatility and price changes of Ovato in GEL
The highest Ovato price in GEL over the past 7 days was 1.73 GEL while the lowest Ovato price in GEL over the past 7 days was 1.69 GEL. The relative change between the highs and lows in Ovato price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and OVATO 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
1.72 GEL
1.73 GEL
1.74 GEL
1.99 GEL
Low
1.7 GEL
1.69 GEL
1.64 GEL
1.49 GEL
Average
0 GEL
0 GEL
0 GEL
0 GEL
Volatility
%
%
%
%
Change
+0.35%
-0.00%
+2.10%
+11.49%
Buy
Sell
Buy OVATO (or USDT) for GEL (Georgian Lari) offers
Ovato's current market price is ₾1.76 per OVATO, with a total market cap of ₾0 GEL based on a circulating supply of -- OVATO. The trading volume of Ovato has changed by -27.63% (₾-52,697.97 GEL) in the last 24 hours. Last trading day, OVATO's trading volume was ₾190,760.52.
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 Ovato currency pair is the OVATO to GEL, with for Ovato's currency code being OVATO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.
The exchange rate of 1 OVATO to Georgian Lari has changed by -0.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.35%, reaching a high of 1.72 GEL and a low of 1.7 GEL . One month ago, the value of 1 OVATO was ₾1.73 GEL , which represents a +2.10% change from its current value. Over the last year, Ovato has changed by
+₾
1.23GEL
, resulting in a change of +259.47% in its value.
24 hours ago1 month ago1 year ago
Amount
14:51 today
24 hours ago
24h change
0.5 OVATO
₾0.8821
₾0.8792
+0.35%
1 OVATO
₾1.76
₾1.76
+0.35%
5 OVATO
₾8.82
₾8.79
+0.35%
10 OVATO
₾17.64
₾17.58
+0.35%
50 OVATO
₾88.21
₾87.92
+0.35%
100 OVATO
₾176.43
₾175.84
+0.35%
500 OVATO
₾882.14
₾879.18
+0.35%
1000 OVATO
₾1,764.28
₾1,758.35
+0.35%
OVATO to GEL FAQ
How much is 1 Ovato in GEL?
Right now, the price of 1 Ovato (OVATO) in Georgian Lari (GEL) is ₾1.76.
How much OVATO can I buy for 1 GEL?
Based on the current exchange rate, you can get 0.5668 OVATO for 1 GEL.
How do I calculate or convert OVATO to GEL?
You can use our OVATO to GEL calculator at the top of this page to convert any amount of OVATO to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 2.83 OVATO, while 5 OVATO will cost around 8.82GEL.
What is the highest price of OVATO/GEL in history?
The all-time high price of 1 OVATO in GEL is ₾25.09. It remains to be seen if the value of 1 OVATO/GEL will exceed the current all-time high.
What is the price trend of Ovato in GEL?
Over the past 7 days, the exchange rate of Ovato (OVATO) has gone down by 0.00%.
Over the last month, the exchange rate of Ovato (OVATO) has gone up by 2.10% against Georgian Lari (GEL).
What factors influence the conversion rate of OVATO to GEL?
There are many factors that affect the relationship between Ovato 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 OVATO/GEL. When there is positive news in the market about the widespread adoption of OVATO or major technological breakthroughs, it tends to trigger market optimism and drive the rise of OVATO/GEL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in OVATO/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 OVATO/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 Ovato and adjust their investment strategies accordingly in the evolving market.
Bitget crypto-to-fiat exchange data shows the popular Ovato currency pairs: OVATO to US Dollar (USD), OVATO to Euro (EUR), OVATO to Pound Sterling (GBP), OVATO to Canadian Dollar (CAD), OVATO to Indian Rupee (INR), OVATO to Pakistani Rupee (PKR), OVATO to Brazilian Real (BRL), OVATO to… The price of Ovato in the US is $0.6510 USD. Additionally, Ovato’s price is €0.5580 EUR in the eurozone, £0.4831 GBP in the UK, C$0.8920 CAD in Canada, ₹56.17 INR in India, ₨185.23 PKR in Pakistan, R$3.63 BRL in Brazil, and more. The most popular Ovato currency pair is the OVATO to Georgian Lari(GEL). The price of 1 Ovato (OVATO) in Georgian Lari (GEL) is ₾1.76.
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.