Historic Australian dollar Malagasy Ariary

Australian dollar malagasy ariary history for October 2023. The highest quote for this month is 2878.74 (02/10/2023) and the lowest 2899.91 (02/10/2023). The difference between high and low is -0.74.

AUD MGA average rate for October 2023 is 2854.955, the change between 01/10/2023 and 31/10/2023 is +1.48 %.

02 October 20231 AUD = 2903.48 MGA
03 October 20231 AUD = 2863.21 MGA
04 October 20231 AUD = 2843.42 MGA
05 October 20231 AUD = 2841.77 MGA
06 October 20231 AUD = 2852.64 MGA
09 October 20231 AUD = 2851.70 MGA
10 October 20231 AUD = 2881.05 MGA
11 October 20231 AUD = 2898.28 MGA
12 October 20231 AUD = 2890.71 MGA
13 October 20231 AUD = 2842.56 MGA
16 October 20231 AUD = 2818.59 MGA
17 October 20231 AUD = 2855.18 MGA
18 October 20231 AUD = 2863.21 MGA
19 October 20231 AUD = 2843.64 MGA
20 October 20231 AUD = 2847.15 MGA
23 October 20231 AUD = 2828.07 MGA
24 October 20231 AUD = 2845.18 MGA
25 October 20231 AUD = 2859.27 MGA
26 October 20231 AUD = 2831.76 MGA
27 October 20231 AUD = 2849.30 MGA
30 October 20231 AUD = 2838.26 MGA
31 October 20231 AUD = 2860.58 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.