Historic Malagasy Ariary Jamaican Dollar

Malagasy Ariary jamaican dollar history for February 2024. The highest quote for this month is 0.034595 (23/02/2024) and the lowest 0.034592 (20/02/2024). The difference between high and low is 0.01.

MGA JMD average rate for February 2024 is 0.03431, the change between 01/02/2024 and 29/02/2024 is -1 %.

01 February 20241 MGA = 0.0341 JMD
02 February 20241 MGA = 0.0342 JMD
03 February 20241 MGA = 0.0342 JMD
04 February 20241 MGA = 0.0342 JMD
05 February 20241 MGA = 0.0345 JMD
06 February 20241 MGA = 0.0344 JMD
07 February 20241 MGA = 0.0343 JMD
08 February 20241 MGA = 0.0341 JMD
09 February 20241 MGA = 0.0342 JMD
12 February 20241 MGA = 0.0345 JMD
13 February 20241 MGA = 0.0342 JMD
14 February 20241 MGA = 0.0342 JMD
15 February 20241 MGA = 0.0343 JMD
16 February 20241 MGA = 0.0344 JMD
17 February 20241 MGA = 0.0343 JMD
18 February 20241 MGA = 0.0343 JMD
19 February 20241 MGA = 0.0344 JMD
20 February 20241 MGA = 0.0345 JMD
21 February 20241 MGA = 0.0343 JMD
22 February 20241 MGA = 0.0343 JMD
23 February 20241 MGA = 0.0345 JMD
24 February 20241 MGA = 0.0339 JMD
25 February 20241 MGA = 0.0343 JMD
26 February 20241 MGA = 0.0345 JMD
27 February 20241 MGA = 0.0343 JMD
28 February 20241 MGA = 0.0343 JMD
29 February 20241 MGA = 0.0345 JMD

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.

01/01/2017: 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.

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

01/08/2003: Second Redenomination of Ariary

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

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

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.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

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.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.
MGA JMD January 2024
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