Historic Malagasy Ariary Convertible Mark

Malagasy Ariary convertible mark history for March 2024. The highest quote for this month is 0.000404 (06/03/2024) and the lowest 0.000392 (04/03/2024). The difference between high and low is 2.97.

MGA BAM average rate for March 2024 is 0.0004, the change between 01/03/2024 and 31/03/2024 is -2.58 %.

01 March 20241 MGA = 0.0004 BAM
04 March 20241 MGA = 0.0004 BAM
05 March 20241 MGA = 0.0004 BAM
06 March 20241 MGA = 0.0004 BAM
07 March 20241 MGA = 0.0004 BAM
08 March 20241 MGA = 0.0004 BAM
11 March 20241 MGA = 0.0004 BAM
12 March 20241 MGA = 0.0004 BAM

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.

01/11/2019: 25th Anniversary of the Convertible Mark

Bosnia and Herzegovina celebrated the 25th anniversary of the introduction of the Convertible Mark as its national currency.

15/08/2017: New Banknote Denominations

New banknote denominations of 200 BAM and 1,000 BAM were introduced to facilitate transactions and enhance the efficiency of cash handling.

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.

09/03/2010: New Polymer Banknotes

The Central Bank of Bosnia and Herzegovina introduced polymer banknotes to replace the paper banknotes, increasing durability and security.

01/08/2003: Second Redenomination of Ariary

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

28/02/2002: Replacement of Deutsche Mark with Euro

The Deutsche Mark was replaced by the euro as the main reference currency for the Convertible Mark's fixed exchange rate.

02/07/1998: Issuance of New Banknote Series

A new series of banknotes was issued, featuring updated designs and enhanced security features.

01/07/1997: Currency Board Arrangement

A Currency Board Arrangement was established to maintain a fixed exchange rate between the Convertible Mark and the Deutsche Mark.

22/06/1995: Introduction of the Convertible Mark

The Convertible Mark was introduced as the official currency of Bosnia and Herzegovina, replacing the Yugoslav dinar.

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.

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.