Historic Malagasy Ariary Malaysian ringgit

Malagasy Ariary malaysian ringgit history for February 2024. The highest quote for this month is 0.001068 (22/02/2024) and the lowest 0.00107 (21/02/2024). The difference between high and low is -0.19.

MGA MYR average rate for February 2024 is 0.00106, the change between 01/02/2024 and 29/02/2024 is -1.52 %.

01 February 20241 MGA = 0.0011 MYR
02 February 20241 MGA = 0.0010 MYR
03 February 20241 MGA = 0.0010 MYR
04 February 20241 MGA = 0.0010 MYR
05 February 20241 MGA = 0.0010 MYR
06 February 20241 MGA = 0.0011 MYR
07 February 20241 MGA = 0.0011 MYR
08 February 20241 MGA = 0.0011 MYR
09 February 20241 MGA = 0.0011 MYR
12 February 20241 MGA = 0.0011 MYR
13 February 20241 MGA = 0.0011 MYR
14 February 20241 MGA = 0.0011 MYR
15 February 20241 MGA = 0.0011 MYR
16 February 20241 MGA = 0.0011 MYR
17 February 20241 MGA = 0.0011 MYR
18 February 20241 MGA = 0.0011 MYR
19 February 20241 MGA = 0.0011 MYR
20 February 20241 MGA = 0.0011 MYR
21 February 20241 MGA = 0.0011 MYR
22 February 20241 MGA = 0.0011 MYR
23 February 20241 MGA = 0.0011 MYR
24 February 20241 MGA = 0.0011 MYR
25 February 20241 MGA = 0.0011 MYR
26 February 20241 MGA = 0.0011 MYR
27 February 20241 MGA = 0.0011 MYR
28 February 20241 MGA = 0.0011 MYR
29 February 20241 MGA = 0.0011 MYR

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.

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

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.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

01/08/2003: Second Redenomination of Ariary

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

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

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.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

01/01/1983: Introduction of Malagasy Ariary

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

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national currency.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

26/06/1961: Introduction of Malagasy Franc

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