Historic Moroccan dirham Malagasy Ariary

Moroccan dirham malagasy ariary history for February 2024. The highest quote for this month is 462.62 (13/02/2024) and the lowest 462.83 (13/02/2024). The difference between high and low is -0.05.

MAD MGA average rate for February 2024 is 452.46667, the change between 01/02/2024 and 29/02/2024 is -1.36 %.

01 February 20241 MAD = 450.1 MGA
02 February 20241 MAD = 450.3 MGA
03 February 20241 MAD = 451.6 MGA
04 February 20241 MAD = 451.6 MGA
05 February 20241 MAD = 462.5 MGA
06 February 20241 MAD = 460.2 MGA
07 February 20241 MAD = 447.4 MGA
08 February 20241 MAD = 450.3 MGA
09 February 20241 MAD = 448.1 MGA
12 February 20241 MAD = 462.4 MGA
13 February 20241 MAD = 450.4 MGA
14 February 20241 MAD = 449.5 MGA
15 February 20241 MAD = 448.9 MGA
16 February 20241 MAD = 449.2 MGA
17 February 20241 MAD = 451.0 MGA
18 February 20241 MAD = 451.0 MGA
19 February 20241 MAD = 461.6 MGA
20 February 20241 MAD = 459.6 MGA
21 February 20241 MAD = 448.0 MGA
22 February 20241 MAD = 447.9 MGA
23 February 20241 MAD = 446.6 MGA
24 February 20241 MAD = 451.4 MGA
25 February 20241 MAD = 451.4 MGA
26 February 20241 MAD = 461.7 MGA
27 February 20241 MAD = 450.4 MGA
28 February 20241 MAD = 447.4 MGA
29 February 20241 MAD = 456.2 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.

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/08/2003: Second Redenomination of Ariary

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

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

26/06/1975: Independence of Madagascar

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

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

26/06/1961: Introduction of Malagasy Franc

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

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.
MAD MGA July 2023
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