Historic Euro Malagasy Ariary

Euro malagasy ariary history for August 2023. The highest quote for this month is 4920.51 (01/08/2023) and the lowest 4909.4 (11/08/2023). The difference between high and low is 0.23.

EUR MGA average rate for August 2023 is 4856.07364, the change between 01/08/2023 and 31/08/2023 is -0.43 %.

01 August 20231 EUR = 4871.93 MGA
02 August 20231 EUR = 4887.50 MGA
03 August 20231 EUR = 4895.28 MGA
04 August 20231 EUR = 4851.55 MGA
07 August 20231 EUR = 4882.53 MGA
08 August 20231 EUR = 4848.56 MGA
09 August 20231 EUR = 4824.93 MGA
10 August 20231 EUR = 4833.24 MGA
11 August 20231 EUR = 4900.45 MGA
14 August 20231 EUR = 4901.50 MGA
15 August 20231 EUR = 4838.53 MGA
16 August 20231 EUR = 4834.91 MGA
17 August 20231 EUR = 4823.01 MGA
18 August 20231 EUR = 4828.34 MGA
21 August 20231 EUR = 4860.89 MGA
22 August 20231 EUR = 4844.32 MGA
24 August 20231 EUR = 4855.92 MGA
25 August 20231 EUR = 4800.22 MGA
28 August 20231 EUR = 4844.40 MGA
29 August 20231 EUR = 4850.77 MGA
30 August 20231 EUR = 4861.87 MGA
31 August 20231 EUR = 4892.97 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.

13/07/2015: Greek debt bailout agreement

A third bailout deal was reached between Greece and its creditors, avoiding a potential Greek exit from the Eurozone.

02/05/2010: Greek debt crisis

Greece's financial crisis threatened the stability of the Eurozone, requiring massive bailout packages to prevent a default.

15/10/2008: Global financial crisis

The Euro faced significant economic challenges following the collapse of Lehman Brothers, leading to a recession in many Eurozone countries.

01/05/2004: Eurozone expansion

10 more countries joined the Eurozone, bringing the total number of participating countries to 24.

01/08/2003: Second Redenomination of Ariary

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

01/01/2002: Euro banknotes and coins

Physical banknotes and coins in Euro were introduced, replacing national currencies in 12 European countries.

01/01/1999: Introduction of the Euro

The Euro was officially introduced as an electronic currency for banking and financial transactions.

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.

07/02/1992: The Maastricht Treaty

The treaty was signed, which officially established the European Union and laid the groundwork for the creation of the Euro.

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.