Historic Brazilian Real Malagasy Ariary

Brazilian Real malagasy ariary history for December 2023. The highest quote for this month is 941.17 (27/12/2023) and the lowest 947.21 (26/12/2023). The difference between high and low is -0.64.

BRL MGA average rate for December 2023 is 926.79536, the change between 01/12/2023 and 31/12/2023 is -2.75 %.

01 December 20231 BRL = 913.0 MGA
02 December 20231 BRL = 923.5 MGA
03 December 20231 BRL = 921.9 MGA
04 December 20231 BRL = 918.4 MGA
05 December 20231 BRL = 904.3 MGA
06 December 20231 BRL = 919.3 MGA
07 December 20231 BRL = 925.8 MGA
08 December 20231 BRL = 930.2 MGA
10 December 20231 BRL = 918.1 MGA
11 December 20231 BRL = 928.9 MGA
12 December 20231 BRL = 922.7 MGA
13 December 20231 BRL = 918.5 MGA
14 December 20231 BRL = 925.1 MGA
15 December 20231 BRL = 926.8 MGA
16 December 20231 BRL = 915.5 MGA
17 December 20231 BRL = 915.5 MGA
18 December 20231 BRL = 925.1 MGA
19 December 20231 BRL = 929.4 MGA
20 December 20231 BRL = 936.0 MGA
21 December 20231 BRL = 931.9 MGA
22 December 20231 BRL = 933.1 MGA
23 December 20231 BRL = 932.3 MGA
24 December 20231 BRL = 932.3 MGA
25 December 20231 BRL = 937.8 MGA
26 December 20231 BRL = 937.8 MGA
27 December 20231 BRL = 945.3 MGA
28 December 20231 BRL = 943.8 MGA
29 December 20231 BRL = 938.1 MGA

01/01/2023: Planned Fourth Redenomination of Ariary

Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

01/01/2017: Third Redenomination of Ariary

The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

01/08/2003: Second Redenomination of Ariary

The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

16/12/1993: First Redenomination of Ariary

The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national currency.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.
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