Historic Japanese Yen Malagasy Ariary

Japanese Yen malagasy ariary history for February 2024. The highest quote for this month is 30.59 (01/02/2024) and the lowest 30.601 (01/02/2024). The difference between high and low is -0.04.

JPY MGA average rate for February 2024 is 30.16246, the change between 01/02/2024 and 29/02/2024 is +3.03 %.

01 February 20241 JPY = 30.61 MGA
02 February 20241 JPY = 30.76 MGA
04 February 20241 JPY = 30.59 MGA
05 February 20241 JPY = 30.40 MGA
06 February 20241 JPY = 30.20 MGA
07 February 20241 JPY = 30.48 MGA
08 February 20241 JPY = 30.59 MGA
09 February 20241 JPY = 30.15 MGA
12 February 20241 JPY = 30.08 MGA
13 February 20241 JPY = 30.25 MGA
14 February 20241 JPY = 30.02 MGA
15 February 20241 JPY = 30.02 MGA
16 February 20241 JPY = 30.12 MGA
17 February 20241 JPY = 30.21 MGA
18 February 20241 JPY = 30.22 MGA
19 February 20241 JPY = 29.98 MGA
20 February 20241 JPY = 29.88 MGA
21 February 20241 JPY = 30.12 MGA
22 February 20241 JPY = 30.02 MGA
23 February 20241 JPY = 29.84 MGA
24 February 20241 JPY = 30.16 MGA
25 February 20241 JPY = 30.17 MGA
26 February 20241 JPY = 29.81 MGA
27 February 20241 JPY = 29.97 MGA
28 February 20241 JPY = 29.90 MGA
29 February 20241 JPY = 29.69 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.

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.

28/07/2016: Bank of Japan announces stimulus package

The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.

11/03/2011: Great East Japan Earthquake

The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.

15/09/2008: Lehman Brothers bankruptcy

The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.

01/08/2003: Second Redenomination of Ariary

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

20/03/1995: Kobe earthquake

The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.

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.

22/09/1985: Plaza Accord

Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.

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.

01/03/1973: Yen becomes a floating currency

The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.

26/06/1961: Introduction of Malagasy Franc

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

15/12/1953: Yen is introduced

The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.
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