Indian Rupee malagasy ariary exchange rate history (INR MGA) December 2023

Indian Rupee malagasy ariary history for December 2023. The highest quote for this month is 54.966 (25/12/2023) and the lowest 55.864 (08/12/2023). The difference between high and low is -1.63.

INR MGA average rate for December 2023 is 54.54507, the change between 01/12/2023 and 31/12/2023 is -2.52 %.

01 December 2023	1 INR = 53.92 MGA
02 December 2023	1 INR = 54.05 MGA
03 December 2023	1 INR = 54.05 MGA
04 December 2023	1 INR = 54.10 MGA
05 December 2023	1 INR = 53.59 MGA
06 December 2023	1 INR = 54.37 MGA
07 December 2023	1 INR = 54.48 MGA
08 December 2023	1 INR = 54.80 MGA
10 December 2023	1 INR = 54.23 MGA
11 December 2023	1 INR = 54.48 MGA
12 December 2023	1 INR = 54.65 MGA
13 December 2023	1 INR = 54.68 MGA
14 December 2023	1 INR = 54.63 MGA
15 December 2023	1 INR = 54.68 MGA
16 December 2023	1 INR = 54.51 MGA
17 December 2023	1 INR = 54.51 MGA
18 December 2023	1 INR = 54.81 MGA
19 December 2023	1 INR = 54.75 MGA
20 December 2023	1 INR = 54.82 MGA
21 December 2023	1 INR = 55.00 MGA
22 December 2023	1 INR = 54.79 MGA
23 December 2023	1 INR = 54.43 MGA
24 December 2023	1 INR = 54.43 MGA
25 December 2023	1 INR = 54.92 MGA
26 December 2023	1 INR = 54.91 MGA
27 December 2023	1 INR = 54.70 MGA
28 December 2023	1 INR = 54.70 MGA
29 December 2023	1 INR = 55.28 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.

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

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.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

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.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

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.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.

Historic Indian Rupee Malagasy Ariary