Historic Cayman Islands dollar Malagasy Ariary

Cayman Islands dollar malagasy ariary history for February 2024. The highest quote for this month is 5556.8 (08/02/2024) and the lowest 5533.43 (17/02/2024). The difference between high and low is 0.42.

KYD MGA average rate for February 2024 is 5527.76556, the change between 01/02/2024 and 29/02/2024 is +0.57 %.

01 February 20241 KYD = 5531.87 MGA
02 February 20241 KYD = 5530.50 MGA
03 February 20241 KYD = 5527.41 MGA
04 February 20241 KYD = 5527.41 MGA
05 February 20241 KYD = 5489.29 MGA
06 February 20241 KYD = 5503.82 MGA
07 February 20241 KYD = 5525.74 MGA
08 February 20241 KYD = 5558.93 MGA
09 February 20241 KYD = 5520.00 MGA
12 February 20241 KYD = 5511.62 MGA
13 February 20241 KYD = 5548.12 MGA
14 February 20241 KYD = 5553.33 MGA
15 February 20241 KYD = 5548.42 MGA
16 February 20241 KYD = 5546.83 MGA
17 February 20241 KYD = 5533.43 MGA
18 February 20241 KYD = 5533.43 MGA
19 February 20241 KYD = 5521.52 MGA
20 February 20241 KYD = 5510.73 MGA
21 February 20241 KYD = 5541.71 MGA
22 February 20241 KYD = 5539.13 MGA
23 February 20241 KYD = 5507.68 MGA
24 February 20241 KYD = 5533.43 MGA
25 February 20241 KYD = 5533.43 MGA
26 February 20241 KYD = 5510.60 MGA
27 February 20241 KYD = 5537.48 MGA
28 February 20241 KYD = 5523.72 MGA
29 February 20241 KYD = 5500.09 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.

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.

01/01/2010: Removal of 1 cent coin from circulation

Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.

01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories

The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.

01/08/2003: Second Redenomination of Ariary

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

01/01/2001: Issuance of New Banknotes and Coins

New banknotes and coins with enhanced security features were introduced to combat counterfeiting.

01/01/1999: Introduction of Cayman Islands Currency Law

The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.

01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar

The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.

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.

07/11/1974: Creation of the Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.

01/01/1972: Introduction of Cayman Islands Dollar

The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican dollar.

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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