Georgian Lari malagasy ariary exchange rate history (GEL MGA) December 2023

Georgian Lari malagasy ariary history for December 2023. The highest quote for this month is 1714.69 (12/12/2023) and the lowest 1707.71 (12/12/2023). The difference between high and low is 0.41.

GEL MGA average rate for December 2023 is 1696.69292, the change between 01/12/2023 and 31/12/2023 is -1.82 %.

01 December 2023	1 GEL = 1665.59 MGA
02 December 2023	1 GEL = 1670.88 MGA
04 December 2023	1 GEL = 1672.08 MGA
05 December 2023	1 GEL = 1665.24 MGA
06 December 2023	1 GEL = 1687.97 MGA
07 December 2023	1 GEL = 1695.59 MGA
08 December 2023	1 GEL = 1711.28 MGA
11 December 2023	1 GEL = 1709.11 MGA
12 December 2023	1 GEL = 1713.44 MGA
13 December 2023	1 GEL = 1712.07 MGA
14 December 2023	1 GEL = 1707.64 MGA
15 December 2023	1 GEL = 1702.23 MGA
16 December 2023	1 GEL = 1692.95 MGA
18 December 2023	1 GEL = 1703.50 MGA
19 December 2023	1 GEL = 1703.99 MGA
20 December 2023	1 GEL = 1704.59 MGA
21 December 2023	1 GEL = 1711.89 MGA
22 December 2023	1 GEL = 1700.77 MGA
23 December 2023	1 GEL = 1689.03 MGA
25 December 2023	1 GEL = 1705.52 MGA
26 December 2023	1 GEL = 1703.80 MGA
27 December 2023	1 GEL = 1697.25 MGA
28 December 2023	1 GEL = 1698.36 MGA
29 December 2023	1 GEL = 1695.86 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.

13/03/2020: COVID-19 Impact

The outbreak of the COVID-19 pandemic caused global economic uncertainty, leading to a decline in the value of the Georgian Lari and affecting the country's financial stability.

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.

25/01/2016: Currency Restructuring

The National Bank of Georgia implemented currency restructuring measures to stabilize the value of the Lari and restore confidence in the national currency.

10/03/2011: Lari Depreciation

The Georgian Lari experienced a sharp depreciation, reaching a record low against the U.S. dollar, due to various economic factors and a global financial crisis.

13/08/2008: Russian Invasion

During the Russo-Georgian War, the Georgian Lari faced significant devaluation due to the economic and political instability caused by the invasion.

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 Conversion Rate

The conversion rate of 1 Euro = 1936.27 GEL was fixed, as Georgia adopted the Euro as its main reference currency.

27/04/1999: Introduction of New Lari

The New Lari was introduced as the second and current official currency of Georgia, replacing the old Lari at a rate of 1 New Lari = 1,000 old Lari.

25/07/1995: Introduction of the Lari

The Georgian Lari was introduced as the official currency of Georgia, replacing the Russian ruble at a rate of 1 Lari = 1 million rubles.

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.

Historic Georgian Lari Malagasy Ariary