Historic Hungarian forint Malagasy Ariary

Hungarian forint malagasy ariary history for February 2024. The highest quote for this month is 12.742 (04/02/2024) and the lowest 12.822 (03/02/2024). The difference between high and low is -0.63.

HUF MGA average rate for February 2024 is 12.57185, the change between 01/02/2024 and 29/02/2024 is +2.77 %.

01 February 20241 HUF = 12.68 MGA
02 February 20241 HUF = 12.80 MGA
03 February 20241 HUF = 12.74 MGA
04 February 20241 HUF = 12.74 MGA
05 February 20241 HUF = 12.70 MGA
06 February 20241 HUF = 12.48 MGA
07 February 20241 HUF = 12.55 MGA
08 February 20241 HUF = 12.58 MGA
09 February 20241 HUF = 12.48 MGA
12 February 20241 HUF = 12.52 MGA
13 February 20241 HUF = 12.59 MGA
14 February 20241 HUF = 12.52 MGA
15 February 20241 HUF = 12.49 MGA
16 February 20241 HUF = 12.51 MGA
17 February 20241 HUF = 12.58 MGA
18 February 20241 HUF = 12.59 MGA
19 February 20241 HUF = 12.50 MGA
20 February 20241 HUF = 12.46 MGA
21 February 20241 HUF = 12.61 MGA
22 February 20241 HUF = 12.62 MGA
23 February 20241 HUF = 12.56 MGA
24 February 20241 HUF = 12.64 MGA
25 February 20241 HUF = 12.64 MGA
26 February 20241 HUF = 12.49 MGA
27 February 20241 HUF = 12.58 MGA
28 February 20241 HUF = 12.49 MGA
29 February 20241 HUF = 12.33 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.

09/03/2012: Introduction of New Banknotes

Hungary introduced new banknotes with enhanced security features, aiming to combat counterfeiting and improve the forint's credibility.

23/10/2008: Global Financial Crisis

The global financial crisis had a significant impact on the Hungarian forint, resulting in a significant depreciation against major foreign currencies.

01/05/2004: Accession to the European Union

Hungary joined the European Union, bringing the forint closer to the eurozone and influencing its future trajectory as an EU currency.

01/08/2003: Second Redenomination of Ariary

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

28/02/2001: Currency Exchange Rate Stability

The Hungarian government adopted a policy of maintaining a stable exchange rate for the forint against the euro, contributing to the currency's stability.

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.

16/06/1989: Transition to a Market Economy

Hungary implemented economic reforms, including the transition from a planned economy to a market economy, with significant impacts on the forint's value and exchange rate.

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.

20/08/1949: Forint becomes a planned economy currency

Hungary's currency, including the forint, became part of the planned socialist economy under the control of the Hungarian Workers' Party.

03/08/1946: Introduction of the Forint

The forint was introduced as the official currency of Hungary, replacing the previous pengő, which had been severely devalued during World War II.
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