Historic Cayman Islands dollar Malagasy Ariary

Cayman Islands dollar malagasy ariary history for January 2024. The highest quote for this month is 5614.11 (05/01/2024) and the lowest 5596.74 (07/01/2024). The difference between high and low is 0.31.

KYD MGA average rate for January 2024 is 5561.61889, the change between 01/01/2024 and 31/01/2024 is +1.2 %.

01 January 20241 KYD = 5596.28 MGA
02 January 20241 KYD = 5596.28 MGA
03 January 20241 KYD = 5586.39 MGA
04 January 20241 KYD = 5593.75 MGA
05 January 20241 KYD = 5613.22 MGA
06 January 20241 KYD = 5596.74 MGA
07 January 20241 KYD = 5596.74 MGA
08 January 20241 KYD = 5581.79 MGA
09 January 20241 KYD = 5622.23 MGA
10 January 20241 KYD = 5555.55 MGA
11 January 20241 KYD = 5561.56 MGA
12 January 20241 KYD = 5545.79 MGA
14 January 20241 KYD = 5573.83 MGA
15 January 20241 KYD = 5551.82 MGA
16 January 20241 KYD = 5538.62 MGA
17 January 20241 KYD = 5533.15 MGA
18 January 20241 KYD = 5570.87 MGA
19 January 20241 KYD = 5564.28 MGA
22 January 20241 KYD = 5539.28 MGA
23 January 20241 KYD = 5547.94 MGA
24 January 20241 KYD = 5524.61 MGA
25 January 20241 KYD = 5547.27 MGA
26 January 20241 KYD = 5549.81 MGA
28 January 20241 KYD = 5527.41 MGA
29 January 20241 KYD = 5494.25 MGA
30 January 20241 KYD = 5525.34 MGA
31 January 20241 KYD = 5528.91 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Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.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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