Historic Australian dollar Malagasy Ariary

Australian dollar malagasy ariary history for December 2023. The highest quote for this month is 3108.96 (28/12/2023) and the lowest 3241.26 (25/12/2023). The difference between high and low is -4.26.

AUD MGA average rate for December 2023 is 3037.69714, the change between 01/12/2023 and 31/12/2023 is -4.59 %.

01 December 20231 AUD = 2969.59 MGA
02 December 20231 AUD = 3003.95 MGA
03 December 20231 AUD = 3000.15 MGA
04 December 20231 AUD = 3008.80 MGA
05 December 20231 AUD = 2957.84 MGA
06 December 20231 AUD = 2969.28 MGA
07 December 20231 AUD = 2972.63 MGA
08 December 20231 AUD = 3011.96 MGA
10 December 20231 AUD = 2974.61 MGA
11 December 20231 AUD = 2990.78 MGA
12 December 20231 AUD = 2990.36 MGA
13 December 20231 AUD = 2993.42 MGA
14 December 20231 AUD = 3032.58 MGA
15 December 20231 AUD = 3053.07 MGA
16 December 20231 AUD = 3030.01 MGA
17 December 20231 AUD = 3030.01 MGA
18 December 20231 AUD = 3048.73 MGA
19 December 20231 AUD = 3050.19 MGA
20 December 20231 AUD = 3080.55 MGA
21 December 20231 AUD = 3086.84 MGA
22 December 20231 AUD = 3095.94 MGA
23 December 20231 AUD = 3076.59 MGA
24 December 20231 AUD = 3076.59 MGA
25 December 20231 AUD = 3109.60 MGA
26 December 20231 AUD = 3108.33 MGA
27 December 20231 AUD = 3104.83 MGA
28 December 20231 AUD = 3122.32 MGA
29 December 20231 AUD = 3105.97 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.

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

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.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

01/08/2003: Second Redenomination of Ariary

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

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and 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.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

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.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

26/06/1961: Introduction of Malagasy Franc

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