Malagasy Ariary japanese yen exchange rate history (MGA JPY) December 2023

Malagasy Ariary japanese yen history for December 2023. The highest quote for this month is 0.032954 (01/12/2023) and the lowest 0.032816 (01/12/2023). The difference between high and low is 0.42.

MGA JPY average rate for December 2023 is 0.03175, the change between 01/12/2023 and 31/12/2023 is +5.6 %.

01 December 2023	1 MGA = 0.0329 JPY
03 December 2023	1 MGA = 0.0326 JPY
04 December 2023	1 MGA = 0.0325 JPY
05 December 2023	1 MGA = 0.0330 JPY
06 December 2023	1 MGA = 0.0325 JPY
07 December 2023	1 MGA = 0.0324 JPY
08 December 2023	1 MGA = 0.0316 JPY
10 December 2023	1 MGA = 0.0320 JPY
11 December 2023	1 MGA = 0.0319 JPY
12 December 2023	1 MGA = 0.0321 JPY
13 December 2023	1 MGA = 0.0319 JPY
14 December 2023	1 MGA = 0.0314 JPY
15 December 2023	1 MGA = 0.0312 JPY
17 December 2023	1 MGA = 0.0314 JPY
18 December 2023	1 MGA = 0.0313 JPY
19 December 2023	1 MGA = 0.0314 JPY
20 December 2023	1 MGA = 0.0316 JPY
21 December 2023	1 MGA = 0.0313 JPY
22 December 2023	1 MGA = 0.0312 JPY
25 December 2023	1 MGA = 0.0312 JPY
26 December 2023	1 MGA = 0.0311 JPY
27 December 2023	1 MGA = 0.0313 JPY
28 December 2023	1 MGA = 0.0310 JPY
29 December 2023	1 MGA = 0.0311 JPY

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.

28/07/2016: Bank of Japan announces stimulus package

The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.

11/03/2011: Great East Japan Earthquake

The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.

15/09/2008: Lehman Brothers bankruptcy

The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.

01/08/2003: Second Redenomination of Ariary

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

20/03/1995: Kobe earthquake

The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.

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.

22/09/1985: Plaza Accord

Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.

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.

01/03/1973: Yen becomes a floating currency

The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.

26/06/1961: Introduction of Malagasy Franc

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

15/12/1953: Yen is introduced

The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.

Historic Malagasy Ariary Japanese Yen