Historic Moroccan dirham Malagasy Ariary

Moroccan dirham malagasy ariary history for November 2023. The highest quote for this month is 457.41 (23/11/2023) and the lowest 461.28 (30/11/2023). The difference between high and low is -0.85.

MAD MGA average rate for November 2023 is 444.61435, the change between 01/11/2023 and 30/11/2023 is -1.94 %.

01 November 20231 MAD = 436.8 MGA
02 November 20231 MAD = 435.8 MGA
03 November 20231 MAD = 450.7 MGA
06 November 20231 MAD = 449.4 MGA
07 November 20231 MAD = 440.0 MGA
08 November 20231 MAD = 439.0 MGA
09 November 20231 MAD = 439.9 MGA
10 November 20231 MAD = 437.2 MGA
13 November 20231 MAD = 452.5 MGA
14 November 20231 MAD = 438.0 MGA
15 November 20231 MAD = 441.1 MGA
16 November 20231 MAD = 439.3 MGA
17 November 20231 MAD = 439.3 MGA
20 November 20231 MAD = 456.1 MGA
21 November 20231 MAD = 440.8 MGA
22 November 20231 MAD = 440.3 MGA
23 November 20231 MAD = 457.1 MGA
24 November 20231 MAD = 457.9 MGA
26 November 20231 MAD = 444.1 MGA
27 November 20231 MAD = 457.9 MGA
28 November 20231 MAD = 442.8 MGA
29 November 20231 MAD = 445.2 MGA
30 November 20231 MAD = 445.2 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.
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