Historic Malagasy Ariary Icelandic Krona

Malagasy Ariary icelandic krona history for January 2024. The highest quote for this month is 0.030565 (29/01/2024) and the lowest 0.030554 (29/01/2024). The difference between high and low is 0.04.

MGA ISK average rate for January 2024 is 0.03016, the change between 01/01/2024 and 31/01/2024 is -2.05 %.

01 January 20241 MGA = 0.0297 ISK
02 January 20241 MGA = 0.0297 ISK
03 January 20241 MGA = 0.0302 ISK
04 January 20241 MGA = 0.0302 ISK
05 January 20241 MGA = 0.0300 ISK
08 January 20241 MGA = 0.0303 ISK
09 January 20241 MGA = 0.0300 ISK
10 January 20241 MGA = 0.0303 ISK
11 January 20241 MGA = 0.0301 ISK
12 January 20241 MGA = 0.0302 ISK
15 January 20241 MGA = 0.0302 ISK
16 January 20241 MGA = 0.0302 ISK
17 January 20241 MGA = 0.0303 ISK
18 January 20241 MGA = 0.0302 ISK
19 January 20241 MGA = 0.0302 ISK
22 January 20241 MGA = 0.0302 ISK
23 January 20241 MGA = 0.0301 ISK
24 January 20241 MGA = 0.0303 ISK
25 January 20241 MGA = 0.0300 ISK
26 January 20241 MGA = 0.0301 ISK
29 January 20241 MGA = 0.0305 ISK
30 January 20241 MGA = 0.0304 ISK
31 January 20241 MGA = 0.0303 ISK

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.

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

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.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

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.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

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.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.
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