Historic Australian dollar Malagasy Ariary

Australian dollar malagasy ariary history for July 2023. The highest quote for this month is 3057.97 (14/07/2023) and the lowest 3079.18 (14/07/2023). The difference between high and low is -0.69.

AUD MGA average rate for July 2023 is 3010.12095, the change between 01/07/2023 and 31/07/2023 is +0.72 %.

03 July 20231 AUD = 2982.48 MGA
04 July 20231 AUD = 3004.01 MGA
05 July 20231 AUD = 3015.99 MGA
06 July 20231 AUD = 2996.27 MGA
07 July 20231 AUD = 2982.78 MGA
10 July 20231 AUD = 2994.62 MGA
11 July 20231 AUD = 3008.89 MGA
12 July 20231 AUD = 3018.90 MGA
13 July 20231 AUD = 3061.51 MGA
14 July 20231 AUD = 3092.99 MGA
17 July 20231 AUD = 3050.37 MGA
18 July 20231 AUD = 3057.91 MGA
19 July 20231 AUD = 3032.60 MGA
20 July 20231 AUD = 3012.65 MGA
21 July 20231 AUD = 3012.91 MGA
24 July 20231 AUD = 2948.90 MGA
25 July 20231 AUD = 2982.72 MGA
26 July 20231 AUD = 3006.91 MGA
27 July 20231 AUD = 3004.82 MGA
28 July 20231 AUD = 2983.42 MGA
31 July 20231 AUD = 2960.89 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.