Malagasy Ariary burmese kyat exchange rate history (MGA MMK) November 2023

Malagasy Ariary burmese kyat history for November 2023. The highest quote for this month is 0.46958 (08/11/2023) and the lowest 0.46959 (09/11/2023). The difference between high and low is 0.

MGA MMK average rate for November 2023 is 0.46453, the change between 01/11/2023 and 30/11/2023 is -0.47 %.

01 November 2023	1 MGA = 0.4630 MMK
02 November 2023	1 MGA = 0.4627 MMK
03 November 2023	1 MGA = 0.4639 MMK
06 November 2023	1 MGA = 0.4643 MMK
07 November 2023	1 MGA = 0.4632 MMK
08 November 2023	1 MGA = 0.4627 MMK
09 November 2023	1 MGA = 0.4644 MMK
10 November 2023	1 MGA = 0.4652 MMK
13 November 2023	1 MGA = 0.4632 MMK
14 November 2023	1 MGA = 0.4651 MMK
15 November 2023	1 MGA = 0.4650 MMK
16 November 2023	1 MGA = 0.4667 MMK
17 November 2023	1 MGA = 0.4666 MMK
20 November 2023	1 MGA = 0.4639 MMK
21 November 2023	1 MGA = 0.4657 MMK
22 November 2023	1 MGA = 0.4661 MMK
23 November 2023	1 MGA = 0.4632 MMK
24 November 2023	1 MGA = 0.4629 MMK
26 November 2023	1 MGA = 0.4672 MMK
27 November 2023	1 MGA = 0.4632 MMK
28 November 2023	1 MGA = 0.4659 MMK
29 November 2023	1 MGA = 0.4650 MMK
30 November 2023	1 MGA = 0.4652 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.

Historic Malagasy Ariary Burmese kyat