Historic Icelandic Krona Malagasy Ariary

Icelandic Krona malagasy ariary history for December 2023. The highest quote for this month is 33.631 (28/12/2023) and the lowest 33.596 (29/12/2023). The difference between high and low is 0.1.

ISK MGA average rate for December 2023 is 33.00714, the change between 01/12/2023 and 31/12/2023 is -3.28 %.

01 December 20231 ISK = 32.55 MGA
04 December 20231 ISK = 32.50 MGA
05 December 20231 ISK = 32.17 MGA
06 December 20231 ISK = 32.56 MGA
07 December 20231 ISK = 32.61 MGA
08 December 20231 ISK = 32.90 MGA
11 December 20231 ISK = 32.62 MGA
12 December 20231 ISK = 32.61 MGA
13 December 20231 ISK = 32.66 MGA
14 December 20231 ISK = 32.69 MGA
15 December 20231 ISK = 33.34 MGA
18 December 20231 ISK = 33.02 MGA
19 December 20231 ISK = 33.05 MGA
20 December 20231 ISK = 33.31 MGA
21 December 20231 ISK = 33.42 MGA
22 December 20231 ISK = 33.43 MGA
25 December 20231 ISK = 33.49 MGA
26 December 20231 ISK = 33.52 MGA
27 December 20231 ISK = 33.44 MGA
28 December 20231 ISK = 33.65 MGA
29 December 20231 ISK = 33.61 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.

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

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.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

01/08/2003: Second Redenomination of Ariary

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

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.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

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.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.