Historic Danish Krone Malagasy Ariary

Danish Krone malagasy ariary history for January 2024. The highest quote for this month is 677.89 (01/01/2024) and the lowest 677.66 (01/01/2024). The difference between high and low is 0.03.

DKK MGA average rate for January 2024 is 664.28222, the change between 01/01/2024 and 31/01/2024 is +3.21 %.

01 January 20241 DKK = 677.1 MGA
02 January 20241 DKK = 677.5 MGA
03 January 20241 DKK = 668.5 MGA
04 January 20241 DKK = 667.3 MGA
05 January 20241 DKK = 671.6 MGA
06 January 20241 DKK = 673.5 MGA
07 January 20241 DKK = 673.5 MGA
08 January 20241 DKK = 665.6 MGA
09 January 20241 DKK = 672.5 MGA
10 January 20241 DKK = 663.6 MGA
11 January 20241 DKK = 667.1 MGA
12 January 20241 DKK = 665.8 MGA
14 January 20241 DKK = 671.4 MGA
15 January 20241 DKK = 663.3 MGA
16 January 20241 DKK = 661.8 MGA
17 January 20241 DKK = 658.7 MGA
18 January 20241 DKK = 662.7 MGA
19 January 20241 DKK = 661.7 MGA
22 January 20241 DKK = 658.9 MGA
23 January 20241 DKK = 659.3 MGA
24 January 20241 DKK = 655.4 MGA
25 January 20241 DKK = 659.7 MGA
26 January 20241 DKK = 658.5 MGA
28 January 20241 DKK = 659.7 MGA
29 January 20241 DKK = 651.9 MGA
30 January 20241 DKK = 654.1 MGA
31 January 20241 DKK = 655.3 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.

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

01/08/2003: Second Redenomination of Ariary

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

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

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.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.
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