Black Sea Bulletin: Exchange Rates - 2018

Abstract

In this bulletin, we discuss exchange rate dynamics in the countries of the Black Sea region1 during the period of 2014-2018. In particular, the exchange rates of these countries’ currencies against the USD and EUR and the nominal exchange rates of the Georgian Lari against currencies of other countries on the Black Sea are reviewed. Moreover, the real effective exchange rates of the Georgian Lari against the currencies of Black Sea countries are calculated and the economic indicators, highly correlated with currency changes, like external trade and international travelers visits, are discussed.