Bitget converter provides MKR to GEL real-time exchange rates, making it easy to convert Maker (MKR) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 MKR is currently valued at 5,736.12 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MKR is currently valued at 5,736.12 GEL, which means buying 5 MKR would cost 28,680.61 GEL. Similarly, ₾1 GEL can be converted to 0.0001743 MKR, and ₾50 GEL can be converted to 0.0008717 MKR, excluding any platform or gas fees.
In the table above, you'll find a comprehensive MKR to GEL converter that shows the value of Maker in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 MKR to GEL, all the way up to 10000 MKR, providing a clear view of their respective values.
In the table above, you'll find a comprehensive GEL to MKR converter that shows the value of Georgian Lari in Maker across commonly used conversion amounts. The list covers conversions from 1 GEL to MKR, all the way up to 100000 GEL, providing a clear view of their respective values.
In the past 1D, Maker has changed +11.16% to GEL. Based on the trend and price charts, Maker(MKR) has changed +11.16% to GEL while Georgian Lari(GEL) has changed % to MKR in the last 24 hours.
1D7D1M3M1YAll
MKR to GEL conversion data: Volatility and price changes of Maker in GEL
The highest Maker price in GEL over the past 7 days was 5,975.3 GEL while the lowest Maker price in GEL over the past 7 days was 4,730.54 GEL. The relative change between the highs and lows in Maker price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and MKR 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
5,913.06 GEL
5,975.3 GEL
5,975.3 GEL
5,975.3 GEL
Low
5,097.52 GEL
4,730.54 GEL
4,148.8 GEL
2,870.56 GEL
Average
0 GEL
0 GEL
0 GEL
0 GEL
Volatility
%
%
%
%
Change
+11.16%
+23.18%
+16.86%
+76.11%
Maker information
MKR to GEL market statistics
MKR/GEL:
₾5,736.12
MKR 24h volume:
₾366,590,792.17
MKR market cap:
--
MKR circulating supply:
0 MKR
Current MKR to GEL exchange rate
Maker to Georgian Lari is rising this week.
Maker's current market price is ₾5,736.12 per MKR, with a total market cap of ₾0 GEL based on a circulating supply of -- MKR. The trading volume of Maker has changed by +18.65% (₾57,631,165.96 GEL) in the last 24 hours. Last trading day, MKR's trading volume was ₾308,959,626.21.
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 Maker currency pair is the MKR to GEL, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.
The exchange rate of 1 MKR to Georgian Lari has changed by +23.18% in the last 7 days. In the last 24 hours, the rate has fluctuated by +11.16%, reaching a high of 5,913.06 GEL and a low of 5,097.52 GEL . One month ago, the value of 1 MKR was ₾4,908.55 GEL , which represents a +16.86% change from its current value. Over the last year, Maker has changed by
-₾
517GEL
, resulting in a change of -8.27% in its value.
24 hours ago1 month ago1 year ago
Amount
11:00 am today
24 hours ago
24h change
0.5 MKR
₾2,868.06
₾2,580.2
+11.16%
1 MKR
₾5,736.12
₾5,160.4
+11.16%
5 MKR
₾28,680.61
₾25,802.02
+11.16%
10 MKR
₾57,361.22
₾51,604.03
+11.16%
50 MKR
₾286,806.12
₾258,020.16
+11.16%
100 MKR
₾573,612.23
₾516,040.32
+11.16%
500 MKR
₾2,868,061.17
₾2,580,201.6
+11.16%
1000 MKR
₾5,736,122.34
₾5,160,403.2
+11.16%
MKR to GEL FAQ
How much is 1 Maker in GEL?
Right now, the price of 1 Maker (MKR) in Georgian Lari (GEL) is ₾5,736.12.
How much MKR can I buy for 1 GEL?
Based on the current exchange rate, you can get 0.0001743 MKR for 1 GEL.
How do I calculate or convert MKR to GEL?
You can use our MKR to GEL calculator at the top of this page to convert any amount of MKR to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 0.0008717 MKR, while 5 MKR will cost around 28,680.61GEL.
What is the highest price of MKR/GEL in history?
The all-time high price of 1 MKR in GEL is ₾17,337.23. It remains to be seen if the value of 1 MKR/GEL will exceed the current all-time high.
What is the price trend of Maker in GEL?
Over the past 7 days, the exchange rate of Maker (MKR) has gone up by 23.18%.
Over the last month, the exchange rate of Maker (MKR) has gone up by 16.86% against Georgian Lari (GEL).
What factors influence the conversion rate of MKR to GEL?
There are many factors that affect the relationship between Maker 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 MKR/GEL. When there is positive news in the market about the widespread adoption of MKR or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MKR/GEL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MKR/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 MKR/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 Maker and adjust their investment strategies accordingly in the evolving market.
Bitget crypto-to-fiat exchange data shows the popular Maker currency pairs: MKR to US Dollar (USD), MKR to Euro (EUR), MKR to Pound Sterling (GBP), MKR to Canadian Dollar (CAD), MKR to Indian Rupee (INR), MKR to Pakistani Rupee (PKR), MKR to Brazilian Real (BRL), MKR to… The price of Maker in the US is $2,097.3 USD. Additionally, Maker’s price is €1,815.84 EUR in the eurozone, £1,545.92 GBP in the UK, C$2,850.23 CAD in Canada, ₹180,620.74 INR in India, ₨593,431.74 PKR in Pakistan, R$11,637.3 BRL in Brazil, and more. The most popular Maker currency pair is the MKR to Georgian Lari(GEL). The price of 1 Maker (MKR) in Georgian Lari (GEL) is ₾5,736.12.
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.