Historic Rwandan franc Malagasy Ariary

Rwandan franc malagasy ariary history for October 2023. The highest quote for this month is 3.7402 (04/10/2023) and the lowest 3.7453 (02/10/2023). The difference between high and low is -0.14.

RWF MGA average rate for October 2023 is 3.71641, the change between 01/10/2023 and 31/10/2023 is +1.07 %.

02 October 20231 RWF = 3.729 MGA
03 October 20231 RWF = 3.738 MGA
04 October 20231 RWF = 3.740 MGA
05 October 20231 RWF = 3.720 MGA
06 October 20231 RWF = 3.743 MGA
09 October 20231 RWF = 3.737 MGA
10 October 20231 RWF = 3.677 MGA
11 October 20231 RWF = 3.723 MGA
12 October 20231 RWF = 3.738 MGA
13 October 20231 RWF = 3.719 MGA
16 October 20231 RWF = 3.704 MGA
17 October 20231 RWF = 3.720 MGA
18 October 20231 RWF = 3.719 MGA
19 October 20231 RWF = 3.723 MGA
20 October 20231 RWF = 3.713 MGA
23 October 20231 RWF = 3.713 MGA
24 October 20231 RWF = 3.702 MGA
25 October 20231 RWF = 3.700 MGA
26 October 20231 RWF = 3.704 MGA
27 October 20231 RWF = 3.704 MGA
30 October 20231 RWF = 3.707 MGA
31 October 20231 RWF = 3.689 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.

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

01/08/2003: Second Redenomination of Ariary

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

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

26/06/1975: Independence of Madagascar

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

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

26/06/1961: Introduction of Malagasy Franc

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