Historic Malagasy Ariary Burmese kyat

Malagasy Ariary burmese kyat history for February 2024. The highest quote for this month is 0.4649 (05/02/2024) and the lowest 0.46548 (02/02/2024). The difference between high and low is -0.12.

MGA MMK average rate for February 2024 is 0.46176, the change between 01/02/2024 and 29/02/2024 is -0.59 %.

01 February 20241 MGA = 0.4613 MMK
02 February 20241 MGA = 0.4615 MMK
03 February 20241 MGA = 0.4619 MMK
04 February 20241 MGA = 0.4619 MMK
05 February 20241 MGA = 0.4649 MMK
06 February 20241 MGA = 0.4637 MMK
07 February 20241 MGA = 0.4619 MMK
08 February 20241 MGA = 0.4591 MMK
09 February 20241 MGA = 0.4624 MMK
12 February 20241 MGA = 0.4631 MMK
13 February 20241 MGA = 0.4600 MMK
14 February 20241 MGA = 0.4596 MMK
15 February 20241 MGA = 0.4601 MMK
16 February 20241 MGA = 0.4602 MMK
17 February 20241 MGA = 0.4614 MMK
18 February 20241 MGA = 0.4614 MMK
19 February 20241 MGA = 0.4622 MMK
20 February 20241 MGA = 0.4631 MMK
21 February 20241 MGA = 0.4606 MMK
22 February 20241 MGA = 0.4608 MMK
23 February 20241 MGA = 0.4634 MMK
24 February 20241 MGA = 0.4614 MMK
25 February 20241 MGA = 0.4614 MMK
26 February 20241 MGA = 0.4631 MMK
27 February 20241 MGA = 0.4608 MMK
28 February 20241 MGA = 0.4620 MMK
29 February 20241 MGA = 0.4641 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.
MGA MMK November 2023
MGA MMK December 2023
MGA MMK January 2024
MGA MMK February 2024
MGA MMK March 2024
MGA MMK April 2024
MGA MMK May 2024
MGA MMK June 2024
MGA MMK July 2024
MGA MMK August 2024
MGA MMK September 2024
MGA MMK October 2024
MGA MMK November 2024