Historic Malagasy Ariary Indonesian Rupiah

Malagasy Ariary indonesian rupiah history for February 2024. The highest quote for this month is 3.5194 (29/02/2024) and the lowest 3.5172 (01/02/2024). The difference between high and low is 0.06.

MGA IDR average rate for February 2024 is 3.46898, the change between 01/02/2024 and 29/02/2024 is -0.26 %.

01 February 20241 MGA = 3.504 IDR
02 February 20241 MGA = 3.491 IDR
03 February 20241 MGA = 3.454 IDR
04 February 20241 MGA = 3.454 IDR
05 February 20241 MGA = 3.484 IDR
06 February 20241 MGA = 3.500 IDR
07 February 20241 MGA = 3.492 IDR
08 February 20241 MGA = 3.454 IDR
09 February 20241 MGA = 3.480 IDR
12 February 20241 MGA = 3.477 IDR
13 February 20241 MGA = 3.447 IDR
14 February 20241 MGA = 3.461 IDR
15 February 20241 MGA = 3.441 IDR
16 February 20241 MGA = 3.470 IDR
17 February 20241 MGA = 3.441 IDR
18 February 20241 MGA = 3.449 IDR
19 February 20241 MGA = 3.474 IDR
20 February 20241 MGA = 3.483 IDR
21 February 20241 MGA = 3.468 IDR
22 February 20241 MGA = 3.466 IDR
23 February 20241 MGA = 3.472 IDR
24 February 20241 MGA = 3.436 IDR
25 February 20241 MGA = 3.436 IDR
26 February 20241 MGA = 3.474 IDR
27 February 20241 MGA = 3.466 IDR
28 February 20241 MGA = 3.478 IDR
29 February 20241 MGA = 3.513 IDR

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.

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

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.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

01/08/2003: Second Redenomination of Ariary

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

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.

01/07/1997: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.

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.

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

26/06/1961: Introduction of Malagasy Franc

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

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.
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