Kazakhstani tenge malagasy ariary exchange rate history (KZT MGA) December 2023

Kazakhstani tenge malagasy ariary history for December 2023. The highest quote for this month is 10.092 (28/12/2023) and the lowest 10.024 (29/12/2023). The difference between high and low is 0.67.

KZT MGA average rate for December 2023 is 9.93061, the change between 01/12/2023 and 31/12/2023 is -1.96 %.

01 December 2023	1 KZT = 9.84 MGA
02 December 2023	1 KZT = 9.76 MGA
03 December 2023	1 KZT = 9.76 MGA
04 December 2023	1 KZT = 9.81 MGA
05 December 2023	1 KZT = 9.73 MGA
06 December 2023	1 KZT = 9.88 MGA
07 December 2023	1 KZT = 9.89 MGA
08 December 2023	1 KZT = 10.00 MGA
10 December 2023	1 KZT = 9.87 MGA
11 December 2023	1 KZT = 9.95 MGA
12 December 2023	1 KZT = 9.98 MGA
13 December 2023	1 KZT = 10.04 MGA
14 December 2023	1 KZT = 9.98 MGA
15 December 2023	1 KZT = 10.04 MGA
16 December 2023	1 KZT = 9.87 MGA
17 December 2023	1 KZT = 9.87 MGA
18 December 2023	1 KZT = 9.92 MGA
19 December 2023	1 KZT = 9.98 MGA
20 December 2023	1 KZT = 10.02 MGA
21 December 2023	1 KZT = 10.10 MGA
22 December 2023	1 KZT = 9.96 MGA
23 December 2023	1 KZT = 9.89 MGA
24 December 2023	1 KZT = 9.89 MGA
25 December 2023	1 KZT = 10.00 MGA
26 December 2023	1 KZT = 10.00 MGA
27 December 2023	1 KZT = 9.96 MGA
28 December 2023	1 KZT = 10.05 MGA
29 December 2023	1 KZT = 10.03 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.

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

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.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the 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.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

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.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.

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.

Historic Kazakhstani tenge Malagasy Ariary