Convert GEL to MKD — live rate

Convert Georgian Laris to Macedonian Denars and compare the real cost of sending money.

GEL
MKD
1 GEL = 20.6002 MKD • Mid-market rate
Updated just now
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Historical GEL/MKD exchange rate

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Rates shown are indicative mid-market rates, updated regularly.

Quick reference: GEL to MKD

1 GEL → 20.60 MKD
5 GEL → 103.00 MKD
10 GEL → 206.00 MKD
50 GEL → 1,030.01 MKD
100 GEL → 2,060.02 MKD
500 GEL → 10,300.10 MKD
1,000 GEL → 20,600.20 MKD
5,000 GEL → 103,001.00 MKD

Real cost of GEL → MKD

Banks (typical) ~2% markup
Specialists 0.3–1% markup

The rate above is the mid-market rate. Banks and providers add their margin on top.

How we calculate costs

Estimated savings

On 1,000 GEL
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

GEL — Georgian Lari
ISO Code GEL
Central Bank National Bank of Georgia
Common Notes 1, 2, 5, 10, 20, 50, 100, 200
Learn more about GEL
MKD — Macedonian Denar
ISO Code MKD
Symbol ден
Central Bank National Bank of the Republic of Macedonia
Common Notes ден10, ден50, ден100, ден500, ден1000, ден5000
Learn more about MKD

What affects this rate? Interest rate differentials, inflation expectations, and market risk sentiment are the primary drivers.