Historic Brazilian Real Malagasy Ariary

Brazilian Real malagasy ariary history for February 2024. The highest quote for this month is 915.23 (21/02/2024) and the lowest 917 (03/02/2024). The difference between high and low is -0.19.

BRL MGA average rate for February 2024 is 909.33963, the change between 01/02/2024 and 29/02/2024 is +0.92 %.

01 February 20241 BRL = 908.7 MGA
02 February 20241 BRL = 916.6 MGA
03 February 20241 BRL = 911.9 MGA
04 February 20241 BRL = 911.9 MGA
05 February 20241 BRL = 915.2 MGA
06 February 20241 BRL = 907.0 MGA
07 February 20241 BRL = 907.9 MGA
08 February 20241 BRL = 911.6 MGA
09 February 20241 BRL = 901.5 MGA
12 February 20241 BRL = 905.8 MGA
13 February 20241 BRL = 912.7 MGA
14 February 20241 BRL = 913.8 MGA
15 February 20241 BRL = 909.8 MGA
16 February 20241 BRL = 908.4 MGA
17 February 20241 BRL = 913.6 MGA
18 February 20241 BRL = 913.3 MGA
19 February 20241 BRL = 906.2 MGA
20 February 20241 BRL = 905.8 MGA
21 February 20241 BRL = 916.7 MGA
22 February 20241 BRL = 914.5 MGA
23 February 20241 BRL = 904.8 MGA
24 February 20241 BRL = 908.6 MGA
25 February 20241 BRL = 908.6 MGA
26 February 20241 BRL = 898.5 MGA
27 February 20241 BRL = 906.2 MGA
28 February 20241 BRL = 912.3 MGA
29 February 20241 BRL = 900.4 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.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

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.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

01/08/2003: Second Redenomination of Ariary

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

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

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.

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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