Malagasy Ariary egyptian pound exchange rate history (MGA EGP) December 2023

Malagasy Ariary egyptian pound history for December 2023. The highest quote for this month is 0.006863 (01/12/2023) and the lowest 0.006896 (01/12/2023). The difference between high and low is -0.48.

MGA EGP average rate for December 2023 is 0.0068, the change between 01/12/2023 and 31/12/2023 is +1.16 %.

01 December 2023	1 MGA = 0.0069 EGP
02 December 2023	1 MGA = 0.0069 EGP
03 December 2023	1 MGA = 0.0069 EGP
04 December 2023	1 MGA = 0.0068 EGP
05 December 2023	1 MGA = 0.0069 EGP
06 December 2023	1 MGA = 0.0068 EGP
07 December 2023	1 MGA = 0.0068 EGP
08 December 2023	1 MGA = 0.0068 EGP
10 December 2023	1 MGA = 0.0068 EGP
11 December 2023	1 MGA = 0.0068 EGP
12 December 2023	1 MGA = 0.0068 EGP
13 December 2023	1 MGA = 0.0068 EGP
14 December 2023	1 MGA = 0.0068 EGP
15 December 2023	1 MGA = 0.0068 EGP
16 December 2023	1 MGA = 0.0068 EGP
17 December 2023	1 MGA = 0.0068 EGP
18 December 2023	1 MGA = 0.0068 EGP
19 December 2023	1 MGA = 0.0068 EGP
20 December 2023	1 MGA = 0.0068 EGP
21 December 2023	1 MGA = 0.0067 EGP
22 December 2023	1 MGA = 0.0068 EGP
23 December 2023	1 MGA = 0.0068 EGP
24 December 2023	1 MGA = 0.0068 EGP
25 December 2023	1 MGA = 0.0068 EGP
26 December 2023	1 MGA = 0.0068 EGP
27 December 2023	1 MGA = 0.0068 EGP
28 December 2023	1 MGA = 0.0068 EGP
29 December 2023	1 MGA = 0.0068 EGP

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.

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

01/08/2003: Second Redenomination of Ariary

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

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

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.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.

Historic Malagasy Ariary Egyptian Pound