Historic Georgian Lari Malagasy Ariary

Georgian Lari malagasy ariary history for February 2024. The highest quote for this month is 1723.15 (17/02/2024) and the lowest 1723.15 (17/02/2024). The difference between high and low is 0.

GEL MGA average rate for February 2024 is 1703.78125, the change between 01/02/2024 and 29/02/2024 is -0.18 %.

01 February 20241 GEL = 1684.26 MGA
02 February 20241 GEL = 1689.10 MGA
03 February 20241 GEL = 1704.71 MGA
05 February 20241 GEL = 1698.01 MGA
06 February 20241 GEL = 1691.10 MGA
07 February 20241 GEL = 1698.59 MGA
08 February 20241 GEL = 1709.95 MGA
09 February 20241 GEL = 1699.85 MGA
12 February 20241 GEL = 1696.63 MGA
13 February 20241 GEL = 1710.57 MGA
14 February 20241 GEL = 1712.91 MGA
15 February 20241 GEL = 1713.22 MGA
16 February 20241 GEL = 1714.04 MGA
17 February 20241 GEL = 1723.15 MGA
19 February 20241 GEL = 1708.64 MGA
20 February 20241 GEL = 1703.77 MGA
21 February 20241 GEL = 1712.75 MGA
22 February 20241 GEL = 1709.40 MGA
23 February 20241 GEL = 1700.44 MGA
24 February 20241 GEL = 1716.77 MGA
26 February 20241 GEL = 1697.57 MGA
27 February 20241 GEL = 1707.47 MGA
28 February 20241 GEL = 1700.55 MGA
29 February 20241 GEL = 1687.30 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.
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