Historic Malagasy Ariary Brazilian Real

Malagasy Ariary brazilian real history for February 2024. The highest quote for this month is 0.001116 (29/02/2024) and the lowest 0.00111 (29/02/2024). The difference between high and low is 0.54.

MGA BRL average rate for February 2024 is 0.0011, the change between 01/02/2024 and 29/02/2024 is -1 %.

01 February 20241 MGA = 0.0011 BRL
02 February 20241 MGA = 0.0011 BRL
03 February 20241 MGA = 0.0011 BRL
04 February 20241 MGA = 0.0011 BRL
05 February 20241 MGA = 0.0011 BRL
06 February 20241 MGA = 0.0011 BRL
07 February 20241 MGA = 0.0011 BRL
08 February 20241 MGA = 0.0011 BRL
09 February 20241 MGA = 0.0011 BRL
12 February 20241 MGA = 0.0011 BRL
13 February 20241 MGA = 0.0011 BRL
14 February 20241 MGA = 0.0011 BRL
15 February 20241 MGA = 0.0011 BRL
16 February 20241 MGA = 0.0011 BRL
17 February 20241 MGA = 0.0011 BRL
18 February 20241 MGA = 0.0011 BRL
19 February 20241 MGA = 0.0011 BRL
20 February 20241 MGA = 0.0011 BRL
21 February 20241 MGA = 0.0011 BRL
22 February 20241 MGA = 0.0011 BRL
23 February 20241 MGA = 0.0011 BRL
24 February 20241 MGA = 0.0011 BRL
25 February 20241 MGA = 0.0011 BRL
26 February 20241 MGA = 0.0011 BRL
27 February 20241 MGA = 0.0011 BRL
28 February 20241 MGA = 0.0011 BRL
29 February 20241 MGA = 0.0011 BRL

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.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

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.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

01/08/2003: Second Redenomination of Ariary

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

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

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.
MGA BRL January 2024
MGA BRL February 2024
MGA BRL March 2024
MGA BRL April 2024
MGA BRL May 2024
MGA BRL June 2024
MGA BRL July 2024
MGA BRL August 2024
MGA BRL September 2024
MGA BRL October 2024
MGA BRL November 2024
MGA BRL December 2024
MGA BRL January 2025