Historic Australian dollar Malagasy Ariary

Australian dollar malagasy ariary history for February 2024. The highest quote for this month is 2977.89 (24/02/2024) and the lowest 2981.02 (25/02/2024). The difference between high and low is -0.11.

AUD MGA average rate for February 2024 is 2945.87407, the change between 01/02/2024 and 29/02/2024 is +1.63 %.

01 February 20241 AUD = 2952.68 MGA
02 February 20241 AUD = 2961.99 MGA
03 February 20241 AUD = 2953.14 MGA
04 February 20241 AUD = 2953.91 MGA
05 February 20241 AUD = 2936.83 MGA
06 February 20241 AUD = 2909.35 MGA
07 February 20241 AUD = 2941.62 MGA
08 February 20241 AUD = 2954.41 MGA
09 February 20241 AUD = 2923.92 MGA
12 February 20241 AUD = 2927.63 MGA
13 February 20241 AUD = 2951.06 MGA
14 February 20241 AUD = 2920.16 MGA
15 February 20241 AUD = 2937.46 MGA
16 February 20241 AUD = 2947.57 MGA
17 February 20241 AUD = 2964.85 MGA
18 February 20241 AUD = 2965.05 MGA
19 February 20241 AUD = 2941.53 MGA
20 February 20241 AUD = 2931.84 MGA
21 February 20241 AUD = 2959.56 MGA
22 February 20241 AUD = 2957.46 MGA
23 February 20241 AUD = 2945.04 MGA
24 February 20241 AUD = 2977.89 MGA
25 February 20241 AUD = 2977.89 MGA
26 February 20241 AUD = 2945.68 MGA
27 February 20241 AUD = 2950.67 MGA
28 February 20241 AUD = 2944.75 MGA
29 February 20241 AUD = 2904.66 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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