Malagasy Ariary colombian peso exchange rate history (MGA COP) December 2023

Malagasy Ariary colombian peso history for December 2023. The highest quote for this month is 0.89302 (01/12/2023) and the lowest 0.89026 (04/12/2023). The difference between high and low is 0.31.

MGA COP average rate for December 2023 is 0.8704, the change between 01/12/2023 and 31/12/2023 is +4.53 %.

01 December 2023	1 MGA = 0.8932 COP
02 December 2023	1 MGA = 0.8807 COP
03 December 2023	1 MGA = 0.8807 COP
04 December 2023	1 MGA = 0.8825 COP
05 December 2023	1 MGA = 0.8991 COP
06 December 2023	1 MGA = 0.8853 COP
07 December 2023	1 MGA = 0.8816 COP
08 December 2023	1 MGA = 0.8753 COP
10 December 2023	1 MGA = 0.8804 COP
11 December 2023	1 MGA = 0.8686 COP
12 December 2023	1 MGA = 0.8708 COP
13 December 2023	1 MGA = 0.8744 COP
14 December 2023	1 MGA = 0.8721 COP
15 December 2023	1 MGA = 0.8704 COP
16 December 2023	1 MGA = 0.8717 COP
17 December 2023	1 MGA = 0.8717 COP
18 December 2023	1 MGA = 0.8671 COP
19 December 2023	1 MGA = 0.8643 COP
20 December 2023	1 MGA = 0.8653 COP
21 December 2023	1 MGA = 0.8602 COP
22 December 2023	1 MGA = 0.8660 COP
23 December 2023	1 MGA = 0.8638 COP
24 December 2023	1 MGA = 0.8638 COP
25 December 2023	1 MGA = 0.8550 COP
26 December 2023	1 MGA = 0.8651 COP
27 December 2023	1 MGA = 0.8479 COP
28 December 2023	1 MGA = 0.8414 COP
29 December 2023	1 MGA = 0.8527 COP

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.

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

01/08/2003: Second Redenomination of Ariary

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

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

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.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.

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.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.

Historic Malagasy Ariary Colombian Peso