Historic Malagasy Ariary New Zealand Dollar

Malagasy Ariary new zealand dollar history for January 2024. The highest quote for this month is 0.000366 (29/01/2024) and the lowest 0.000365 (26/01/2024). The difference between high and low is 0.27.

MGA NZD average rate for January 2024 is 0.00036, the change between 01/01/2024 and 31/01/2024 is -4.62 %.

01 January 20241 MGA = 0.0003 NZD
02 January 20241 MGA = 0.0003 NZD
03 January 20241 MGA = 0.0004 NZD
04 January 20241 MGA = 0.0004 NZD
05 January 20241 MGA = 0.0004 NZD
06 January 20241 MGA = 0.0003 NZD
07 January 20241 MGA = 0.0003 NZD
08 January 20241 MGA = 0.0004 NZD
09 January 20241 MGA = 0.0003 NZD
10 January 20241 MGA = 0.0004 NZD
11 January 20241 MGA = 0.0004 NZD
12 January 20241 MGA = 0.0004 NZD
14 January 20241 MGA = 0.0004 NZD
15 January 20241 MGA = 0.0004 NZD
16 January 20241 MGA = 0.0004 NZD
17 January 20241 MGA = 0.0004 NZD
18 January 20241 MGA = 0.0004 NZD
19 January 20241 MGA = 0.0004 NZD
22 January 20241 MGA = 0.0004 NZD
23 January 20241 MGA = 0.0004 NZD
24 January 20241 MGA = 0.0004 NZD
25 January 20241 MGA = 0.0004 NZD
26 January 20241 MGA = 0.0004 NZD
28 January 20241 MGA = 0.0004 NZD
29 January 20241 MGA = 0.0004 NZD
30 January 20241 MGA = 0.0004 NZD
31 January 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
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MGA NZD December 2024
MGA NZD January 2025