ANZ Bank USD to GEL Travel Money Compared

Currency Guide for Georgia (ISO Code: GE)

Planning a trip to Georgia? For a one-week mid-range stay, travelers should budget approximately 1,500 to 2,000 Georgian Lari (GEL), which is roughly equivalent to $500 to $700 USD. This amount will cover a comfortable mix of accommodation, dining, and activities. Here’s a brief overview of typical daily expenses you might encounter:

• 🍽️ Meal at a local restaurant: ~20 GEL

• ☕ Coffee: ~5 GEL

• 🚍 Public transport fare: ~1-2 GEL

• 📱 Prepaid SIM card: ~20-30 GEL

• 🏨 Budget hotel or Airbnb: ~70-100 GEL per night

Overall, Georgia is considered an inexpensive destination compared to the U.S., where a similar experience might cost at least 30-50% more. For instance, when juxtaposing costs with the UK, dining out and accommodation in Georgia tend to come at a fraction of London prices, making it an appealing option for budget-conscious travelers.

Expat Living in Georgia

For expats settling in Georgia, the typical monthly living costs can vary based on lifestyle but often range from 2,500 to 3,500 GEL ($800 to $1,100 USD). Key expenses include rent (approximately 600-1,000 GEL for a one-bedroom apartment), utilities (around 150 GEL), and grocery shopping (about 300-400 GEL). When it comes to managing finances, banking is fairly straightforward, with local banks allowing easy account setup, though some may prefer using international cards.

When it comes to exchanging money, it's often more advantageous to use local ATMs or banks for a better rate, as opposed to currency exchanges found in tourist areas. Expats also find online transfer services like Wise or OFX convenient for sending and receiving money internationally, often avoiding hefty bank fees compared to traditional transfers. By leveraging local financial services and being savvy with currency exchange, expats can enjoy a comfortable lifestyle in Georgia without overspending.