Historic Malagasy Ariary New Zealand Dollar

Malagasy Ariary new zealand dollar history for February 2024. The highest quote for this month is 0.000368 (29/02/2024) and the lowest 0.000367 (05/02/2024). The difference between high and low is 0.27.

MGA NZD average rate for February 2024 is 0.00036, the change between 01/02/2024 and 29/02/2024 is -0.82 %.

01 February 20241 MGA = 0.0004 NZD
02 February 20241 MGA = 0.0004 NZD
03 February 20241 MGA = 0.0004 NZD
04 February 20241 MGA = 0.0004 NZD
05 February 20241 MGA = 0.0004 NZD
06 February 20241 MGA = 0.0004 NZD
07 February 20241 MGA = 0.0004 NZD
08 February 20241 MGA = 0.0004 NZD
09 February 20241 MGA = 0.0004 NZD
12 February 20241 MGA = 0.0004 NZD
13 February 20241 MGA = 0.0004 NZD
14 February 20241 MGA = 0.0004 NZD
15 February 20241 MGA = 0.0004 NZD
16 February 20241 MGA = 0.0004 NZD
17 February 20241 MGA = 0.0004 NZD
18 February 20241 MGA = 0.0004 NZD
19 February 20241 MGA = 0.0004 NZD
20 February 20241 MGA = 0.0004 NZD
21 February 20241 MGA = 0.0004 NZD
22 February 20241 MGA = 0.0004 NZD
23 February 20241 MGA = 0.0004 NZD
24 February 20241 MGA = 0.0004 NZD
25 February 20241 MGA = 0.0004 NZD
26 February 20241 MGA = 0.0004 NZD
27 February 20241 MGA = 0.0004 NZD
28 February 20241 MGA = 0.0004 NZD
29 February 20241 MGA = 0.0004 NZD

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.

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

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.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

26/06/1961: Introduction of Malagasy Franc

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

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.
MGA NZD January 2024
MGA NZD February 2024
MGA NZD March 2024
MGA NZD April 2024
MGA NZD May 2024
MGA NZD June 2024
MGA NZD July 2024
MGA NZD August 2024
MGA NZD September 2024
MGA NZD October 2024
MGA NZD November 2024
MGA NZD December 2024
MGA NZD January 2025