Historic Malagasy Ariary Colombian Peso

Malagasy Ariary colombian peso history for July 2023. The highest quote for this month is 0.9372 (07/07/2023) and the lowest 0.9275 (07/07/2023). The difference between high and low is 1.03.

MGA COP average rate for July 2023 is 0.90886, the change between 01/07/2023 and 31/07/2023 is +5.2 %.

03 July 20231 MGA = 0.9317 COP
04 July 20231 MGA = 0.9267 COP
05 July 20231 MGA = 0.9223 COP
06 July 20231 MGA = 0.9171 COP
07 July 20231 MGA = 0.9285 COP
10 July 20231 MGA = 0.9322 COP
11 July 20231 MGA = 0.9230 COP
12 July 20231 MGA = 0.9283 COP
13 July 20231 MGA = 0.9180 COP
14 July 20231 MGA = 0.9125 COP
17 July 20231 MGA = 0.9095 COP
18 July 20231 MGA = 0.8938 COP
19 July 20231 MGA = 0.8997 COP
20 July 20231 MGA = 0.8931 COP
21 July 20231 MGA = 0.8948 COP
24 July 20231 MGA = 0.9058 COP
25 July 20231 MGA = 0.8913 COP
26 July 20231 MGA = 0.8968 COP
27 July 20231 MGA = 0.8881 COP
28 July 20231 MGA = 0.8896 COP
31 July 20231 MGA = 0.8833 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.