Historic Icelandic Krona Malagasy Ariary

Icelandic Krona malagasy ariary history for October 2023. The highest quote for this month is 32.605 (06/10/2023) and the lowest 32.812 (06/10/2023). The difference between high and low is -0.63.

ISK MGA average rate for October 2023 is 32.49105, the change between 01/10/2023 and 31/10/2023 is +1 %.

02 October 20231 ISK = 32.80 MGA
03 October 20231 ISK = 32.22 MGA
04 October 20231 ISK = 32.41 MGA
05 October 20231 ISK = 32.45 MGA
06 October 20231 ISK = 32.66 MGA
09 October 20231 ISK = 32.72 MGA
10 October 20231 ISK = 32.65 MGA
11 October 20231 ISK = 32.73 MGA
12 October 20231 ISK = 32.73 MGA
13 October 20231 ISK = 32.43 MGA
16 October 20231 ISK = 32.18 MGA
17 October 20231 ISK = 32.57 MGA
18 October 20231 ISK = 32.54 MGA
19 October 20231 ISK = 32.41 MGA
20 October 20231 ISK = 32.63 MGA
23 October 20231 ISK = 32.33 MGA
24 October 20231 ISK = 32.64 MGA
25 October 20231 ISK = 32.45 MGA
26 October 20231 ISK = 32.29 MGA
27 October 20231 ISK = 32.28 MGA
30 October 20231 ISK = 32.23 MGA
31 October 20231 ISK = 32.47 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.