Historic Malagasy Ariary Nepalese rupee

Malagasy Ariary nepalese rupee history for March 2024. The highest quote for this month is 0.029447 (12/03/2024) and the lowest 0.029444 (05/03/2024). The difference between high and low is 0.01.

MGA NPR average rate for March 2024 is 0.02932, the change between 01/03/2024 and 31/03/2024 is -0.83 %.

01 March 20241 MGA = 0.0292 NPR
04 March 20241 MGA = 0.0294 NPR
05 March 20241 MGA = 0.0293 NPR
06 March 20241 MGA = 0.0294 NPR
07 March 20241 MGA = 0.0292 NPR
08 March 20241 MGA = 0.0293 NPR
11 March 20241 MGA = 0.0293 NPR
12 March 20241 MGA = 0.0294 NPR

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.

20/09/2015: Adoption of New Constitution

Nepal adopted a new constitution, resulting in political unrest and affecting the Nepalese Rupee's stability.

01/08/2003: Second Redenomination of Ariary

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

26/10/1999: Maoist Insurgency Begins

The start of the Maoist insurgency in Nepal led to political instability and economic challenges, impacting the value of the Nepalese Rupee.

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.

08/04/1993: Nepalese Rupee's Peg to Indian Rupee

The Nepalese Rupee was pegged to the Indian Rupee at a fixed exchange rate.

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.

30/12/1972: Reintroduction of Nepalese Rupee

Nepal reintroduced the Nepalese Rupee as the official currency, separating it from the Indian Rupee.

26/06/1961: Introduction of Malagasy Franc

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

12/03/1960: Replacement of Nepalese Rupee

The Nepalese Rupee was replaced by the Indian Rupee as the legal tender in Nepal.

15/12/1959: Nepal Rastra Bank Established

Nepal Rastra Bank, the central bank of Nepal, was established to oversee the monetary system and issue the Nepalese Rupee.

07/04/1932: Introduction of Nepalese Rupee

The Nepalese Rupee was officially introduced as the currency of Nepal, replacing the silver mohar.