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MAGIK to GEL Converter and calculator

MAGIK/GEL: 1 MAGIK = 0.01839 GEL. The price of converting 1 Magik Finance (MAGIK) to Georgian Lari (GEL) is 0.01839 GEL today.
MAGIK
MAGIK
GEL
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MAGIK to GEL real-time exchange rates, making it easy to convert Magik Finance (MAGIK) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 MAGIK is currently valued at 0.02 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MAGIK is currently valued at 0.02 GEL, which means buying 5 MAGIK would cost 0.09 GEL. Similarly, ₾1 GEL can be converted to 54.39 MAGIK, and ₾50 GEL can be converted to 271.94 MAGIK, excluding any platform or gas fees.

Convert MAGIK to GEL

Convert GEL to MAGIK

Magik Finance
Georgian Lari
1000 MAGIK
18.39  GEL
5000 MAGIK
91.93  GEL
10000 MAGIK
183.87  GEL
In the table above, you'll find a comprehensive MAGIK to GEL converter that shows the value of Magik Finance in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 MAGIK to GEL, all the way up to 10000 MAGIK, providing a clear view of their respective values.
Georgian Lari
Magik Finance
200 GEL
10,877.54 MAGIK
500 GEL
27,193.86 MAGIK
1000 GEL
54,387.71 MAGIK
2000 GEL
108,775.43 MAGIK
5000 GEL
271,938.57 MAGIK
10000 GEL
543,877.14 MAGIK
50000 GEL
2,719,385.7 MAGIK
100000 GEL
5,438,771.39 MAGIK
In the table above, you'll find a comprehensive GEL to MAGIK converter that shows the value of Georgian Lari in Magik Finance across commonly used conversion amounts. The list covers conversions from 1 GEL to MAGIK, all the way up to 100000 GEL, providing a clear view of their respective values.

MAGIK to GEL chart

MAGIK/GEL: 1 MAGIK = 0.01839 GEL; 2025/05/08 03:37:18
In the past 1D, Magik Finance has changed +1.24% to GEL. Based on the trend and price charts, Magik Finance(MAGIK) has changed +1.24% to GEL while Georgian Lari(GEL) has changed % to MAGIK in the last 24 hours.
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MAGIK to GEL conversion data: Volatility and price changes of Magik Finance in GEL

The highest Magik Finance price in GEL over the past 7 days was 0.02082 GEL while the lowest Magik Finance price in GEL over the past 7 days was 0.01726 GEL. The relative change between the highs and lows in Magik Finance price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and MAGIK to GEL prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.01839 GEL
0.02082 GEL
0.02082 GEL
0.03492 GEL
Low
0.01752 GEL
0.01726 GEL
0.01417 GEL
0.01403 GEL
Average
0 GEL
0 GEL
0 GEL
0 GEL
Volatility
%
%
%
%
Change
+1.24%
+4.53%
+13.25%
+14.70%

Magik Finance information

MAGIK to GEL market statistics

MAGIK/GEL:
₾0.01839
MAGIK 24h volume:
₾7.85
MAGIK market cap:
--
MAGIK circulating supply:
0 MAGIK

Current MAGIK to GEL exchange rate

Magik Finance to Georgian Lari is rising this week.
Magik Finance's current market price is ₾0.01839 per MAGIK, with a total market cap of ₾0 GEL based on a circulating supply of -- MAGIK. The trading volume of Magik Finance has changed by 0.00% (₾0 GEL) in the last 24 hours. Last trading day, MAGIK's trading volume was ₾7.85.

More info about Magik Finance on Bitget

Georgian Lari information

About Georgian Lari (GEL)

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 Magik Finance currency pair is the MAGIK to GEL, with for Magik Finance's currency code being MAGIK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.

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How to convert MAGIK to GEL

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Buy MAGIK (or USDT) for GEL (Georgian Lari) offers
Bitget P2P trading does not currently support direct buying of MAGIK with GEL. However, you can buy USDT in Bitget P2P trading first, and then buy MAGIK with USDT via Bitget spot market.
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MAGIK to GEL Conversion tables

The exchange rate of Magik Finance is increasing.
The exchange rate of 1 MAGIK to Georgian Lari has changed by +4.53% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.24%, reaching a high of 0.01839 GEL and a low of 0.01752 GEL . One month ago, the value of 1 MAGIK was ₾0.01624 GEL , which represents a +13.25% change from its current value. Over the last year, Magik Finance has changed by
-
0.04482GEL
, resulting in a change of -70.91% in its value.
24 hours ago1 month ago1 year ago
Amount03:37 am today24 hours ago24h change
0.5 MAGIK₾0.009193₾0.009081
+1.24%
1 MAGIK₾0.01839₾0.01816
+1.24%
5 MAGIK₾0.09193₾0.09081
+1.24%
10 MAGIK₾0.1839₾0.1816
+1.24%
50 MAGIK₾0.9193₾0.9081
+1.24%
100 MAGIK₾1.84₾1.82
+1.24%
500 MAGIK₾9.19₾9.08
+1.24%
1000 MAGIK₾18.39₾18.16
+1.24%

MAGIK to GEL FAQ

How much is 1 Magik Finance in GEL?
Right now, the price of 1 Magik Finance (MAGIK) in Georgian Lari (GEL) is ₾0.01839.
How much MAGIK can I buy for 1 GEL?
Based on the current exchange rate, you can get 54.39 MAGIK for 1 GEL.
How do I calculate or convert MAGIK to GEL?
You can use our MAGIK to GEL calculator at the top of this page to convert any amount of MAGIK to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 271.94 MAGIK, while 5 MAGIK will cost around 0.09193GEL.
What is the highest price of MAGIK/GEL in history?
The all-time high price of 1 MAGIK in GEL is ₾11.97. It remains to be seen if the value of 1 MAGIK/GEL will exceed the current all-time high.
What is the price trend of Magik Finance in GEL?
Over the past 7 days, the exchange rate of Magik Finance (MAGIK) has gone up by 4.53%.   Over the last month, the exchange rate of Magik Finance (MAGIK) has gone up by 13.25% against Georgian Lari (GEL).

What factors influence the conversion rate of MAGIK to GEL?

There are many factors that affect the relationship between Magik Finance 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 MAGIK/GEL. When there is positive news in the market about the widespread adoption of MAGIK or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MAGIK/GEL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MAGIK/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 MAGIK/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 Magik Finance and adjust their investment strategies accordingly in the evolving market.

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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.