Historic Malagasy Ariary Burmese kyat

Malagasy Ariary burmese kyat history for August 2023. The highest quote for this month is 0.47245 (09/08/2023) and the lowest 0.47229 (10/08/2023). The difference between high and low is 0.03.

MGA MMK average rate for August 2023 is 0.46757, the change between 01/08/2023 and 31/08/2023 is +1.03 %.

01 August 20231 MGA = 0.4698 MMK
02 August 20231 MGA = 0.4687 MMK
03 August 20231 MGA = 0.4657 MMK
04 August 20231 MGA = 0.4693 MMK
07 August 20231 MGA = 0.4657 MMK
08 August 20231 MGA = 0.4717 MMK
09 August 20231 MGA = 0.4723 MMK
10 August 20231 MGA = 0.4725 MMK
11 August 20231 MGA = 0.4661 MMK
14 August 20231 MGA = 0.4662 MMK
15 August 20231 MGA = 0.4692 MMK
16 August 20231 MGA = 0.4691 MMK
17 August 20231 MGA = 0.4691 MMK
18 August 20231 MGA = 0.4685 MMK
21 August 20231 MGA = 0.4641 MMK
22 August 20231 MGA = 0.4676 MMK
24 August 20231 MGA = 0.4653 MMK
25 August 20231 MGA = 0.4679 MMK
28 August 20231 MGA = 0.4638 MMK
29 August 20231 MGA = 0.4642 MMK
30 August 20231 MGA = 0.4648 MMK
31 August 20231 MGA = 0.4650 MMK

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.

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

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.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate 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.

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.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

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.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

26/06/1961: Introduction of Malagasy Franc

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

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.